BackSummary
Revenue was $50.2M (-34.8%) Gross Profit was $21.0M (85.1%) Net Income was $2.9M (143.5%) Eps was $0.02 (133.3%)
Key takeaways
- Gross profit rose 85.1% to $21.0M from $11.3M, achieving 41.8% gross margin through operational efficiencies.
- Net income swung to $2.9M profit from -$6.7M loss, reflecting 143.5% improvement from margin gains.
- Diluted EPS improved to $0.02 from -$0.06, a 133.3% turnaround tied to profitability recovery.
- Capital expenditures increased to $9.2M from $2.5M to support facility expansions.