Revenue Analysis
- Q3 2025 Revenue: $11.1 million, down 34.78% YoY (was $16.9 million in Q3 2024)
- Quarter-over-Quarter Growth: 69.79% increase from Q2 2025 ($6.5 million)
Profitability Ratios
- Gross Profit: $6.9 million, with a gross margin of 62.47%, a YoY reduction from 65.7% due to increased discount strategies.
- Net Income: –$835,700 representing a net profit margin of –7.56% (down from a 11.83% profit margin in Q3 2024).
Balance Sheet Strength
- Total Assets: $83.6 million
- Total Liabilities: $41.8 million, highlighted by $32.7 million in total debt.
- Total Stockholders' Equity: $41.8 million, indicating a stable equity position despite operational losses.
Cash Flow Health
- Net Cash from Operating Activities: $4.4 million, supported by effective working capital management despite the overall income loss.