Net Sales

+20% (from $83,335K to $100,132K)

Net Sales increased by 20% YoY, driven by greater product demand and likely an expanded sales force and higher inventory availability—factors similar to those observed in previous Q1 and Q2 periods. " "

Gross Margin

+18% (from $25,027K to $29,508K)

Gross Margin improved by 18% YoY, reflecting a healthier sales mix and operational efficiency improvements that align with earlier gains seen when higher demand and optimal cost management boosted margins. " "

Income from Operations

+22% (from $7,429K to $9,094K)

Income from Operations rose by 22% YoY due to increased net sales, a stronger gross margin, and reduced operating expenses—consistent with past improvements when the absence of impairment charges enhanced operational profitability. " "

Net Income

+23% (from $5,498K to $6,763K)

Net Income grew by 23% YoY, primarily driven by the higher sales and improved cost management resulting in better margins, mirroring earlier periods where improved operations offset prior period challenges like impairment expenses. "

Basic Earnings per Common Share

Increased (from $1.13 to $1.39)

Basic EPS increased, reflecting the favorable profitability environment where higher net income, along with a stable share count, directly translated into improved earnings per share, consistent with prior periods of earnings recovery. "

Net Cash Provided by Operating Activities

Dropped sharply (from +$159K to –$3,076K)

Net Cash from Operations swung negative by over 5% YoY, despite improved earnings; this is attributed to significant changes in working capital—such as increased inventory purchases and delays in cash conversion—that diverge from previous periods where cash flows were marginally positive. " "

Total Assets

+6% (from $188,538K to $199,757K)

Total Assets increased by 6% YoY, largely due to higher inventory levels (up from $69,602K to $75,683K) and augmented marketable securities, reflecting ongoing asset growth trends observed in earlier periods. " "

Shareholders’ Equity

+11% (to $137,105K)

Shareholders’ Equity improved by 11% YoY, driven by the strong net income performance boosting retained earnings, even as factors like preferred dividends and minor foreign exchange losses exerted a slight negative impact—consistent with past periods where operational gains enhanced equity. " "