AI Analysis
AI-generated analysis. Always verify with the original filing.
Revenue was $3.1M (1.9%) Operating Income was -$7.7M (18.2%) Net Income was -$8.3M (33.6%) Eps was $-2.67 (76.5%)
Key Takeaways
1Operating income improved 18.2% to -$7.7M from -$9.4M as the decrease in operating loss was mainly related to substantial decrease in SG&A expense and an increase in net revenue.
2Net income narrowed 33.6% to -$8.3M from -$12.5M, driven by operating improvements.
3Diluted EPS improved 76.5% to -$2.67 from -$11.36, reflecting reduced per-share losses.
4Net cash provided by operating activities improved to -$5.7M from -$8.9M.