Total Revenue

-3.3% (from US$65.25 million in Q1 2024 to US$62.99 million in Q1 2025)

Total revenue declined slightly due to weaker demand in its core Residential Floorcovering Products segment, reflecting broader market headwinds likely driven by challenging macroeconomic factors similar to trends observed in related industry analyses. " "

Cash and Cash Equivalents

+8,600%+ (from US$55 thousand in Q1 2024 to US$4,795 thousand in Q1 2025)

The dramatic surge in liquidity suggests a significant financing event or improved cash management; this could be linked to refinancing or drawing additional liquidity from credit facilities, which starkly contrasts the very low liquidity position in the prior period. " "

Current Portion of Long-Term Debt

Increased from US$3,794 thousand in Q1 2024 to US$57,912 thousand in Q1 2025

The substantial jump in the current portion of long-term debt indicates that a significant reclassification of long-term obligations to current liabilities has occurred—likely as maturities approach or due to debt restructuring activities—raising potential concerns about short-term liquidity despite the improved cash position. " "

Inventories

-11% (from US$75,041 thousand in Q1 2024 to US$66,741 thousand in Q1 2025)

The decline in inventories may reflect tighter inventory management or reduced production in response to softer demand levels, aligning with the overall reduction in revenue and market challenges noted in the current period while building on past reductions that were initiated to control costs. " "