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Fiscal 2026 First Quarter Highlights
Operating income increased to $959,000, from an operating loss of $829,000.
Net income increased to $324,000 from a net loss of $1.4 million in the prior year quarter.
Gross profit increased 31.2 percent to $6.1 million, from $4.6 million in the prior year quarter.
Gross margin improved 410 basis points to 15.4 percent, from 11.3 percent in the prior year quarter.
Outlook
Revenue for the fiscal 2026 second quarter is expected to be approximately $40 million-$42 million.
Gross margin goal for fiscal 2026 second quarter is expected to be approximately 15-16 percent.
-- Record annual revenue of $145.8 million, up 24.4 percent from prior year --
Fiscal Fourth Quarter Highlights
Gross profit increases to $5.2 million from $1.5 million a year ago.
Gross margin increases to 17.9 percent from 7.0 percent a year ago.
Revenue rises 35.6 percent to $29.3 million, despite approximately $3-4 million of shipments deferred to first quarter of fiscal 2026, due to delays at Haifa port.
- Revenue Increases 21 Percent; Gross Profit Rises 31 Percent -
- Company Returns to Profitability as Global Customers Regain Confidence -