Significant Revenue Growth in Industrial Services Segment
Revenue in the Industrial Services segment increased by 49% to $8.5 million, driven by increased demand for services and the acquisition of Heisey.
Strengthened Balance Sheet
The company improved its balance sheet with a $10 million upsized underwritten public offering, using proceeds to pay off indebtedness.
Inventory Reduction
The company successfully reduced its inventory by over $1 million this fiscal year.