Total Revenue

–6% (from $18.03M to $16.912M)

Total Revenue declined mainly due to a substantial drop in the Wholesale segment despite a modest 5% increase in Direct to Consumer sales. The higher contribution from DTC was not enough to offset the 13% decrease in Wholesale, reflecting challenges such as inventory fulfillment issues that affected previous periods as well. " "

Wholesale Net Sales

–13% (from $10.87M to $9.421M)

Wholesale net sales dropped by approximately $1.45 million YoY. This decline likely mirrors past issues such as lower domestic volumes due to timing of inventory fulfillment and possibly reduced export shipments, as seen in previous analyses, thereby continuing to weigh down this key revenue segment. " "

Direct to Consumer

+5% (from $6.10M to $6.421M)

Direct to Consumer revenue increased modestly by approximately $320,000 YoY. This improvement indicates positive adjustments, such as pricing enhancements or better channel performance compared to earlier periods where this channel faced a downtrend, yet these gains were insufficient to counteract the rapid decline in Wholesale revenues. " "

Operating Income

Shifted from +$396K to –$301K

Operating Income turned negative, declining by about $697K YoY. The deterioration is compounded by higher operating expenses—likely continuing the trend of increasing sales and marketing, and general and administrative costs seen in previous periods—and additional headwinds such as potential one-off losses, indicating mounting cost pressures in a challenging operating environment. " "

Net Income

Reduced to $38K from higher levels (exact previous figure not provided here)

Net Income dropped sharply to a marginal $38K YoY, signaling a squeezed profitability environment. This fall is driven by the combined impact of lower total revenues, negative operating income, and shrinking margins, suggesting that rising expenses and unfavorable market conditions have continued to erode profitability compared to prior quarters. " " "