Q3 2025 Earnings Summary
Reported on Jan 1, 1970
Pre-Earnings PriceN/ADate unavailable
Post-Earnings PriceN/ADate unavailable
Price ChangeN/A
Metric | YoY Change | Reason |
---|---|---|
Net Sales Q2 2024 | $6.41 million increase (8.3%) | The net sales increased from $76.93 million in Q2 2023 to $83.34 million in Q2 2024 due to an expanded sales headcount by 43 employees (rising from 370 to 413) and higher inventory stock which enabled more effective fulfillment of customer demand. |
Net Sales Q2 2025 | 20.2% increase (from $83.335 million to $100.132 million) | The Q2 2025 surge is explained by a further sales team expansion of 31 new employees (from 414 to 445), improved inventory availability, and the capture of larger customer orders that, despite lowering gross margins slightly, along with strategic market share gains propelled sales higher. |