Revenue: $59.54 million (YoY: +1.08%, QoQ: -5.25%)
Gross Profit: $36.94 million (YoY: +18.86%, QoQ: -7.08%)
Operating Income: $3.06 million (YoY: -5.69%, QoQ: -46.98%)
Net Income: $4.74 million (YoY: +101.86%, QoQ: +382.94%)
EPS: $0.87 (YoY: +101.84%, QoQ: +380.65%)
Despite a decline in revenue compared to the prior quarter, the significant increase in net income indicates a substantial improvement in operational efficiency and cost management practices. This reflects positively on the company’s financial health, signaling recovery in profitability partly due to focused reduction in operating expenses post-COVID disruptions.