Significant Revenue Growth
First quarter 2025 revenue was $8.3 million, up 69% compared to the prior year quarter and 12.2% higher than the fourth quarter of 2024.
Improved Gross Profit Margin
Gross profit for the first quarter was $2.7 million, with a gross profit percentage of 32.4%, compared to a gross profit of $0.8 million or 16.2% in the first quarter of 2024.
Return to Profitability
The company reported a net income of $360,000 for the first quarter of 2025, marking the third consecutive quarter of net income.
Operating Income Improvement
Operating income for the first quarter was $269,000 compared to an operating loss of $1.6 million in the first quarter of 2024.