Revenue Performance - Total revenues for the fiscal year ended June 30, 2024, were 19,104,350,adecreaseof1,940,117, or 9.2%, compared to 21,044,467fortheprioryear[106]−RevenuefromEngineeringDesignServicesincreasedby23.78,323,433, driven by increasing demand and expansion of engineering capacity[107] - Revenue from Optical Components decreased by 20.3% to 8,384,140,attributedtoreducedindustrydemandandlowerordervolumes[107]−RevenuefromFinishedProductsandAssembliesdecreasedby36.82,396,777, primarily due to timing differences in customer program transitions[108] Profitability - Gross profit decreased to 5,797,777,withagrossmarginof30.3981,781, reflecting a focus on product improvements and new technology development[110] - SG&A expenses increased by 2.2% to 7,540,329,primarilyduetohighersalaries,travel,andmarketingexpenses[112]CashPosition−Cashandcashequivalentsdecreasedto405,278 at June 30, 2024, from 2,925,852atJune30,2023,adecreaseof2,520,574[113] Financing Activities - The company entered into securities purchase agreements resulting in gross proceeds of approximately 1.4million[116]−ContractualcashcommitmentsrelatedtoopenpurchaseordersasofJune30,2024,areapproximately6,250,000[116]
