DMC (BOOM) - 2023 Q4 - Annual Report

49 Operating income increased by $7,298 compared with 2022 due primarily to increased gross profit. Gross profit percentage increased to 31.9% in 2023 due to a more favorable project and regional mix, as well as the impact of higher sales on fixed manufacturing overhead expenses. 50 Liquidity and Capital Resources In 2023, the Company completed a shelf registration statement on Form S-3, which became effective on March 31, 2023, for the potential offering of securities not to exceed $200,000. We have not is ...