Q1 Revenue Growth
Q1 '26 revenue rose 6.2% to $5.6 million, supported by a custom cinema project and other client work.
Improved Gross Profit
Gross profit increased by 22% to $1.7 million, with an improved gross margin of 30% compared to 26.1% in the previous year.
Cost Reduction Success
Operating expenses were reduced by 8% to $1.32 million due to reductions in compensation, headcount, rent, and travel costs.
Profitability Achieved
Achieved operating income of $350,000 compared to an operating loss of $68,000 in the previous year.
Acquisition of DCS Cinema Loudspeaker Line
Acquired DCS Loudspeaker line for $1.5 million, expected to be accretive to the bottom line and potentially return full investment in 2-3 years.