0001628280-26-031663
SEC filingRevenue was $17.3M (-8.3%) Gross Profit was $2.9M (-4.8%) Operating Income was -$1.5M (-8.8%) Net Income was -$1.6M (-5.9%)
Gross profit was $2.9 million, a 4.8% decline from $3.0 million, yet the gross margin of 16.7% demonstrated resilience. This stability reflects effective cost management, including lower production headcount and overhead, despite the unfavorable DaVita mix shift which typically carries higher margins. No impairment losses were recorded related to prior plant closures, as assets were fully depreciated or transferred, supporting ongoing cost discipline.