Image source: The Motley Fool. March 16, 2026, at 4:30 p.m. ET Call participants Chief Executive Officer — Rob Dawson President and Chief Operating Officer — Ray Bibisi Chief Financial Officer — Peter Yin Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Net sales -- $19 million, nearly flat year over year; management attributed this to a more diversified mix of products, ...
Image source: The Motley Fool. March 16, 2026, at 4:30 p.m. ET Call participants Chief Executive Officer — Rob Dawson President and Chief Operating Officer — Ray Bibisi Chief Financial Officer — Peter Yin Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Net sales -- $19 million, nearly flat year over year; management attributed this to a more diversified mix of products, customers, and end markets. -- $19 million, nearly flat year over year; management attributed this to a more diversified mix of products, customers, and end markets. Gross profit margin -- 32.3%, an increase of 250 basis points year over year, reflecting improved price realization and operational efficiency, according to management. -- 32.3%, an increase of 250 basis points year over year, reflecting improved price realization and operational efficiency, according to management. Operating income -- $177,000, triple the $56,000 reported in the prior year. -- $177,000, triple the $56,000 reported in the prior year. Consolidated net loss -- $50,000, or $0.00 per diluted share; improved from a net loss of $245,000, or $0.02 per diluted share, in the prior year. -- $50,000, or $0.00 per diluted share; improved from a net loss of $245,000, or $0.02 per diluted share, in the prior year. Non-GAAP net income -- $659,000, or $0.06 per diluted share, compared to $397,000, or $0.04 per diluted share, year over year. -- $659,000, or $0.06 per diluted share, compared to $397,000, or $0.04 per diluted share, year over year. Adjusted EBITDA -- $1.1 million, or 5.6% of net sales; up 22% from $867,000, or 4.5% of net sales, in the prior year. -- $1.1 million, or 5.6% of net sales; up 22% from $867,000, or 4.5% of net sales, in the prior year. Sequential sales trend -- Revenue declined 16% sequentially from $22.7 million due to seasonal softness, per management commentary. -- Revenue declined 16% sequentially from $22.7 million due to seasonal softness, per management commentary. Backlog -- $...