Total Revenue

–14% (from $12.254M to $10.565M)

Total revenue declined by about 14% YoY, driven primarily by a substantial drop in Aerospace/Defense sales, which outweighed gains in other segments, and possibly compounded by revenue recognition issues as evidenced by the negative sales reported in the Q3 2025 Income Statement.

Industrial Segment Revenue

+29% (from $0.980M to $1.268M)

Industrial revenue increased nearly 29% YoY, likely reflecting a successful market shift or improved project mix that boosted performance in this segment, in contrast to the broader revenue pressures in other areas.

Aerospace/Defense Revenue

–25% (from $7.721M to $5.811M)

Aerospace/Defense revenue dropped about 25% YoY, suggesting challenges such as project delays, altered backlog conversion timing, or loss of key contracts in this high-value segment compared to the prior period.

Income Statement Metrics (Sales, Operating Loss, Net Income)

Radical swing to negative figures

Q3 2025 Income Statement shows dramatic anomalies with negative sales (-$20.136M), an operating loss (-$3.843M) and net income (-$3.717M), a stark turnaround from Q3 2024. This likely indicates significant one-off adjustments, revenue recognition challenges, or reclassifications affecting reported revenues and expenses.

Cash Flow Statement (Net Income)

Positive $2.002M despite negative income statement figures

The positive net income of $2.002M in the Cash Flow statement contrasts sharply with the Income Statement, suggesting significant non-cash adjustments or one-off items (e.g., depreciation, amortization, or other reconciling items) that mitigated the negative operational figures.

Balance Sheet (Total Assets & Stockholders’ Equity)

Total Assets at $70.147M; Stockholders’ Equity at $70.887M (robust)

Despite operational volatility, the Balance Sheet remains strong with Total Assets and Stockholders’ Equity near $70M, indicating that the firm's asset base and capital structure have been maintained, likely through effective balance sheet management and retained earnings from earlier profitable periods.