Record-Breaking Quarterly Revenue
Net sales in the third quarter reached a quarterly record of $128.3 million, representing a 12% increase compared to $114.6 million in the year-ago quarter.
Significant Growth in Digital Sales
North America sales grew 7% year-over-year to $36.2 million with digital business showing a 52% year-over-year growth in Q3.
Strong Performance in Asia Pacific
Asia Pacific delivered 17% year-over-year net sales growth to $64.7 million, with notable growth in Japan (32%), China (36%), and Korea (12%) excluding foreign exchange impacts.
European Market Expansion
Europe's Q3 sales were up 13% to $22.1 million, driven by 10% growth in Central Europe and 14% growth in Eastern Europe.
Improved Gross Margin
Gross margin increased by 200 basis points to 73.3%, the highest in 15 quarters.
Adjusted EBITDA Growth
Adjusted EBITDA increased 42% to $15.2 million compared to $10.7 million in the year-ago quarter.
Strong Cash Position
Cash and cash equivalents were $95.6 million with zero debt, and net cash provided by operating activities was $25.4 million.
Raised Full-Year Guidance
The company raised its full-year 2025 net sales guidance to $476 million to $480 million, equating to a 5% to 6% year-over-year growth.