Strong Product Sales Growth
Product sales increased by $6.7 million or 21.3% compared to the same period in 2024, primarily driven by dealer activity and product line simplification efforts.
Increase in Gross Profit Margin
Gross profit margin improved to 32.4% of product sales during the second quarter of 2025, up from 31.9% in the same period of 2024.
Significant Retail Sales Increase
Retail sales from company-owned stores rose by $2.9 million or 64.2% over the same period, reflecting increased demand.
Growth in Loan Portfolios
Retail loan portfolio grew by $24.6 million and MHP loan portfolio by $20.3 million, indicating strong demand in the dealer channel.
Share Repurchase Program
260,635 shares of common stock were repurchased for $5.8 million, with $8.1 million remaining authorization, showing confidence in long-term business value.
Healthy Cash Position
Cash increased to $2.6 million as of June 30, 2025, compared to $1.1 million as of December 31, 2024.