- Revenue: $16.87 million (YoY: -10.71%, QoQ: +1.24%)
- Gross Profit: $3.57 million (YoY: -40.87%, QoQ: -10.85%)
- Net Income: -$2.19 million (YoY: +86.66%, QoQ: +85.22%)
- EBITDA: -$2.33 million
- Cash Flow from Operating Activities: $1.93 million
- Current Ratio: 0.75
The increase in quarterly revenue signifies slight operational progress, attributed primarily to enhanced sales efforts in targeted segments. However, the gross profit margin suffered, indicating increased cost pressures adversely impacting profitability. The improved net income reflects a reduction in losses compared to previous quarters, supported by lower total expenses, though continued negative operating income illustrates ongoing profitability challenges.