Total Revenue

–19% (US$89.53M to US$72.65M)

Total revenue declined by 19% primarily because of lower sales volumes across all segments and geographies. This mirrors earlier trends seen in Q3 where reduced demand—especially in key markets such as the United States (–26%) and Asia (–25%)—put downward pressure on revenues. " "

Sensors Revenue

~25% decline (US$34.25M to US$25.76M)

Sensors revenue fell sharply due to reduced sales of precision resistors and advanced sensor products, a trend consistent with previous quarters (e.g., Q3 2024 saw similar weaknesses). This drop reflects continued market headwinds and a challenging product mix in key markets. " "

Weighing Solutions Revenue

~15–16% decline (US$30.44M to US$25.74M)

Weighing Solutions revenue dropped driven by lower sales in the Transportation and Industrial Weighing markets. The decline aligns with earlier period challenges where reduced load cell sales and unfavorable market conditions were already impacting performance. " "

Measurement Systems Revenue

~15% decline (US$24.83M to US$21.17M)

Measurement Systems revenue decreased due to softer demand in end markets such as Steel and Transportation. Although this segment had shown resilience in previous periods, the current slowdown indicates that even its contributions were affected by a broader decline in overall volumes. " "

United States Revenue

–26% (US$42.25M to US$31.24M)

U.S. revenue fell by 26% as domestic market demand weakened, resulting in lower contributions from both Sensors and Weighing Solutions segments. This decline is reflective of consistent macroeconomic challenges impacting earlier quarters as well. " "

Asia Revenue

–25% (US$15.86M to US$11.88M)

Asia’s revenue declined by 25% mainly due to reduced volume and softer regional demand. This situation further compounded the global revenue contraction seen in other geographies, echoing earlier vulnerabilities noted in previous quarters. " "

Operating Income

–98% (US$12.01M to US$199K)

Operating income plunged by 98% driven by a dramatic revenue decline combined with a compression in gross profit margins—from previously higher levels in Q4 2023 to much lower in Q4 2024—and a higher SG&A expense ratio. These issues, along with residual cost pressures and operational inefficiencies observed in prior periods, fully eroded profitability. " "

Net Earnings

~84% decline (US$4.32M to US$688K)

Net earnings dropped by roughly 84% as lower revenues and margins were further burdened by increased effective tax rates and unfavorable foreign exchange impacts, echoing the challenges from the preceding quarters. The narrowing profitability at the bottom line is a natural consequence of the steep revenue and margin declines. " "

Basic EPS

–81.9% (declining from US$0.31 to US$0.06)

Basic EPS fell sharply as the severe contraction in net earnings, combined with persistent cost structure issues and a spike in effective tax rate, diminished per‐share profitability. This EPS decline reflects the cumulative impact of the broader revenue and operating challenges seen over the past periods. " "

Net Revenue

Q1 2025

$70 million to $78 million "

$70 million to $76 million "

lowered

Operational Tax Rate

FY 2025

30% (full year 2024) "

27% (full year 2025) "

lowered

Capital Expenditures

FY 2025

$10 million to $12 million (full fiscal year 2024) "

$10 million to $12 million (2025) "

no change

Sensor Recovery and Order Growth

Q1–Q3: Discussions repeatedly highlighted softness in sensor orders, lower precision resistor bookings, and labor inefficiencies (e.g. Q1’s soft bookings " , Q2’s advanced sensor bookings up 20% " , Q3’s weaker orders and operational issues " " ).

Q4: Both Sensor and Weighing Solutions segments posted sequential order growth (7.0% for Sensors and 14.5% for Weighing Solutions) with signs of recovery (improved AMS business and larger semiconductor back‐end orders). " "

Improved recovery sentiment: The narrative shifted from order weakness and delayed recovery to positive sequential growth and an optimistic forward outlook.

Cost Reduction Initiatives and Margin Improvement

Q1–Q3: Emphasis was placed on cost cutting through process improvements, automation investments, SG&A reductions, and restructuring—with Q1 reporting record margins (43.4% " ), Q2 noting operational adjustments ( " " ), and Q3 detailing relocation initiatives and labor inefficiencies. " "

Q4: Continued focus on cost efficiency with additional production relocation to India, automation efforts, and targeted $5 million cost savings in 2025; however, there was mention of a slightly lower gross margin due to unfavorable product mix. " " " "

Consistent emphasis with added initiatives: While the underlying improvement strategies remain consistent, the Q4 discussion further underlines sustainable actions and additional cost savings despite margin pressures.

Business Development Initiatives and New Revenue Streams

Q1–Q3: Earlier calls detailed organic growth initiatives targeting emerging markets (e.g. eVTOL, robotics, precision applications in Q1 " " " , and design wins plus partnerships in Q2–Q3 " " " ).

Q4: The narrative centers on significant new revenue – recognizing $18 million from new product development and targeting an additional $100 million from design wins and new partnerships, along with advanced robotics projects (humanoid robots moving to preproduction). " " "

Broadening and deepening: There is a continued commitment to business development, with expanding revenue opportunities and higher-profile projects, suggesting increased confidence in new market penetration.

Emerging Technologies and Advanced Robotics

Q1–Q3: The discussions ranged from early emphasis on eVTOL and advanced sensors in Q1 ( " " " ) to growing engagement in humanoid robots, medical robotics, and e‑bikes in Q2 and Q3 ( " " and " " ).

Q4: The focus is more concentrated on humanoid robots and advanced sensor strain gauges with clear revenue potential in robotics, although mentions of eVTOL, medical robotics and e‑bikes are less explicit. "

Consolidated focus: While emerging technologies remain a key pillar, the emphasis in Q4 narrows to high-potential areas (e.g. humanoid robots), suggesting a strategic sharpening rather than broad-based coverage.

Macroeconomic Uncertainties and Delayed Demand Recovery

Q1–Q3: Previous calls cited soft demand, inventory drawdowns, and high interest rates delaying recovery (Q1 noted soft industrial and semiconductor test equipment demand " " ; Q2 and Q3 highlighted delayed recovery until 2025 and persistent high interest rates " " " ).

Q4: Although uncertainties remain (e.g. soft markets in China/Europe), signals such as reduced EU interest rates and improved order activity indicate beginning signs of recovery. " " "

Evolving optimism amid caution: The sentiment shifts from predominantly delayed recovery to cautious optimism as macro conditions begin to improve, though challenges still linger.

Operational Execution Risks

Q1–Q3: Early discussions highlighted hiring delays (Q1 " ) and later detailed production relocation, labor inefficiencies, and automation challenges (Q3 noted production moves and temporary inefficiencies " " ).

Q4: The call reaffirmed ongoing production relocation to India and further investments in automation for sustainable cost savings, with no new issues regarding hiring delays. " " "

Mitigated risks: While execution risks remain part of the agenda, the Q4 narrative shows progress in addressing and resolving earlier challenges, with hiring delays no longer mentioned.

M&A Strategy and Acquisition Execution Challenges

Q1–Q2: Earlier periods focused on the strategic rationale for M&A to boost organic growth (Q1 " ) and discussed deal opportunities amid challenging multiples, though execution challenges were minimal or in discussion (Q2 " ).

Q4: The integration of the recently acquired Nokra is on track, with clear revenue and margin expectations (Nokra expected to deliver $6 million in 2025 at positive margins). " " " "

Enhanced execution confidence: The progression from exploring M&A to successfully integrating acquisitions, as evidenced by Nokra, reflects a maturing strategy and improved execution capabilities.