Improvement in Gross Margins
Gross margins increased to 7.7% in Q3 FY2025 from 5.7% in the same period of FY2024, reflecting cost-cutting and headcount reductions.
Reduction in Net Loss
Net loss decreased to $0.6 million in Q3 FY2025 from $2.2 million in the same period of FY2024, showing improvement in financial performance.
Significant Debt Reduction
Total liabilities reduced by $34.3 million, or 14%, from a year ago, indicating strong financial management.
New Business Wins
Secured new programs in telecommunications, pest control, energy storage, medical technology, and temperature-controlled shipping solutions.
Expansion Plans in the US and Vietnam
Investing over $28 million to expand operations in Arkansas and Vietnam, expected to create over 400 new jobs in the next five years.