NILE - BitNile defense subsidiary books $8.6M+ orders in Q1

Gresham Worldwide, the global defense subsidiary of BitNile Holdings (NYSE:NILE), booked new orders worth over $8.6M in Q122 as customers continued buying solutions to assert more control over supply chains. While new orders were down 16% sequentially, Q1 bookings exceeded by 15% the average $7.5M bookings that Gresham Worldwide recorded in the first three quarters in 2021. Bookings for power conversion equipment and displays at Gresham Worldwide operating companies in the U.K. exceeded $3.6M for the quarter. In Israel, additional capital investment during the quarter enabled Enertec Systems 2001 to over$3.1M orders for advanced electronics solutions for the Israeli Air Industries, prime defense contractors and providers of medical calibration and testing systems. In the U.S., Microphase added $1.9M in new orders from the U.S. military and global defense contractors for radio frequency filter and detector log video amplifier product lines. Earlier this month, BitNile stock climbed as Q1 revenue more

For further details see:

BitNile defense subsidiary books $8.6M+ orders in Q1