In the third quarter of fiscal 2025, Park Aerospace Corp (NYSE: PKE) reported revenues of $14.4 million, a slight increase from the expected range but fell short on earnings before interest, taxes, depreciation, and amortization (EBITDA) due to unexpected production shortfalls. The gross margin was 26.6%, indicating challenges with cost management and pricing strategies, as management expressed dissatisfaction with gross margin levels below 30%. The company is transitioning to new production lines aimed at enhancing efficiency, but the ramp-up has incurred additional costs, affecting profitability. Despite these hurdles, future revenue projections from key programs and a solid cash position suggest potential for recovery.