Strong Residential Sales Growth
Residential sales in New York and Hawaii were up 54% year-over-year in Q3, driven by the rush to complete installations before the end of 2025.
Improved Financial Metrics
Total Q3 sales rose by 29% to $19 million. Gross margins improved to 38% of sales from 35.6%. Net loss decreased by $2.9 million from last year's third quarter.
Debt Reduction and Stronger Balance Sheet
Total debt decreased by over $11 million, falling to $7.9 million, and cash and cash equivalents rose to $5.4 million.
Diversification and Strategic Focus
The company plans to expand into new markets and services, including energy-efficient HVAC and roofing, and is evaluating strategic M&A opportunities.