Total Revenue

+15% (from $217.3M to $250.31M)

Revenue growth of 15% was recorded, indicating improved sales performance, potentially reflecting enhanced organic growth and/or positive market dynamics compared to the previous period " " " vs.. " " "

Operating Income

• over 500% (from $2,124K to $13,147K)

Operating income surged dramatically due to improved operational efficiencies and cost control, which is a significant improvement compared to Q4 2023 even as previous operating income levels were very low " " " " vs.. " "

Net Income

Declined from –$1,006K to –$1,429K

Despite the operating income improvement, net income worsened because the massive rise in interest expense (up ~700%) significantly eroded the profitability, turning an already negative bottom line further down " " " " vs.. " "

Interest Expense

Increased ~700% (from –$624K to –$4,987K)

Interest expense escalated sharply due to additional borrowings and debt financing costs related to acquisition activities, which were not present to the same extent in the previous period " " " " vs.. " "

North America Revenue

+13% (from $109.1M to $123.66M)

North America revenue grew modestly by 13%, reflecting solid performance in mature markets, likely from organic growth and enhanced market penetration initiatives compared to the previous period " " vs.. " " "

Europe Revenue

+18% (from $57M to $67.44M)

European revenue increased by 18%, which is attributed to successful regional initiatives and possibly new product offerings or market expansions that built on previous period performance " " vs.. " " "

Rest of World Revenue

+16% (from $51.1M to $59.21M)

Revenue in Rest of World improved by 16%, indicating effective international growth strategies compared to prior periods, which supports global expansion efforts " " vs.. " " "

Net Change in Cash

Deteriorated from +$56,522K to –$20,142K

The drastic decline in cash position reflects significant liquidity outflows driven by increased debt repayments, share repurchases, and dividend payments, contrasting with a robust cash inflow previously; this raises concerns about liquidity despite operational improvements " " " vs.. " " "