Cost Reduction and Profitability Improvement
Operating expenses reduced by $3.7 million year-to-date, maintaining gross margin rates year-over-year.
New Product Introductions
Launched three new Hausmann product lines (Timber, Titan Premier, and Forged) with positive customer feedback and strong inventory positions.
Decrease in Net Loss
Net loss reduced to $0.7 million in Q3 FY 2024 from $1.2 million in Q3 FY 2023.
Decrease in SG&A Expenses
Selling, general, and administrative expenses decreased by $1 million or 30% compared to the previous year.