Sequential Revenue Growth
Revenue for the third quarter was $63.3 million, a sequential increase of 6.4% compared to the second quarter.
Operational Efficiency Initiatives
The company has implemented operational excellence initiatives leading to improved financial results and cash generation, with 25 KPIs showing positive trends since April.
Improved Cash Generation
Generated approximately $5.7 million in cash from operations, a sequential improvement of roughly 46%.
Debt Reduction
Paid down $4.6 million of debt during the third quarter, bringing year-to-date debt reduction to $11.2 million.
Strong Vendor Relationships
Experiencing the lowest service disruption rates and associated costs ever due to improved vendor relationships.