Revenue Performance - Total revenue for Q3 2025 was $91.2 million, a decrease of 19% compared to $112.9 million in Q3 2024[3] - Total revenue for the three months ended September 30, 2025, was $91,249,000, a decrease of 19.3% compared to $112,940,000 for the same period in 2024[20] - Revenue for the fourth quarter is expected to grow sequentially by 8% to 10% compared to Q3 2025, driven by increased sales in healthcare and industrial markets[5][12] Profitability Metrics - Gross profit margin decreased to 32.3% in Q3 2025 from 36.9% in Q3 2024, primarily due to lower sales volume and the divestiture of the Geomagic business[8] - Gross profit for the nine months ended September 30, 2025, was $98,270,000, down from $129,733,000 in 2024, representing a decline of 24.2%[20] - Non-GAAP gross profit for the three months ended September 30, 2025, was $29.6 million, with a gross profit margin of 32.5%, compared to $42.5 million and 37.6% for the same period in 2024[32] - Gross profit (GAAP) for the nine months ended September 30, 2025, was $98.3 million, with a gross profit margin of 35.0%, down from $129.7 million and 39.4% in the same period of 2024[32] Operating Expenses - Operating expenses decreased significantly to $50.7 million in Q3 2025 from $222.5 million in Q3 2024, reflecting progress on cost reduction initiatives[3] - Operating expenses for the three months ended September 30, 2025, were $50,741,000, significantly lower than $222,471,000 in the same period of 2024, primarily due to a reduction in selling, general, and administrative expenses[20] - GAAP operating expenses for the nine months ended September 30, 2025, totaled $171.7 million, while non-GAAP operating expenses were $153.1 million, a decrease from $191.9 million in the same period of 2024[33] Net Loss and Adjusted EBITDA - Net loss attributable to 3D Systems Corporation was $18.1 million in Q3 2025, a decrease of $160.6 million compared to the prior year period[9] - The net loss attributable to 3D Systems Corporation for the three months ended September 30, 2025, was $18.1 million, compared to a net loss of $178.6 million for the same period in 2024[34] - Adjusted EBITDA improved to a loss of $10.8 million in Q3 2025, an improvement of $3.5 million year-over-year[9] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(40.1) million, an improvement from $(47.3) million in the same period of 2024[34] Cash and Debt Position - Cash and cash equivalents decreased by $75.8 million since December 31, 2024, primarily due to cash used in operations[11] - Total cash as of September 30, 2025, was $114.2 million, with total debt of $122.6 million[10] - Cash, cash equivalents, and restricted cash at the end of the period were $114,239,000, down from $191,573,000 at the end of September 30, 2024[21] - Net cash used in operating activities for the nine months ended September 30, 2025, was $73,131,000, compared to $37,109,000 in 2024, indicating increased cash outflow[21] Healthcare and Industrial Solutions - Healthcare Solutions revenue decreased by 22% to $42.8 million in Q3 2025 compared to the prior year period[8] - Healthcare Solutions revenue for the nine months ended September 30, 2025, was $129,123,000, a decrease of 13.5% from $149,369,000 in 2024[23] - Industrial Solutions revenue for the nine months ended September 30, 2025, was $151,504,000, down 15.7% from $179,728,000 in 2024[23] Foreign Exchange and Other Charges - The company reported a foreign exchange gain of $2,623,000 for the three months ended September 30, 2025, compared to a loss of $1,960,000 in the same period of 2024[20] - The company reported a restructuring expense of $1.0 million for the nine months ended September 30, 2025, compared to a benefit of $(0.5) million in the same period of 2024[33] - The company incurred asset impairment charges of $143.7 million for the nine months ended September 30, 2024, with no such charges reported for the same period in 2025[33] Earnings Per Share - The basic net loss per common share for the three months ended September 30, 2025, was $(0.14), compared to $(1.35) for the same period in 2024[20] - The diluted loss per share (GAAP) for the three months ended September 30, 2025, was $(0.14), compared to $(1.35) for the same period in 2024[35] - Non-GAAP diluted loss per share for the nine months ended September 30, 2025, was $(0.27), compared to $(0.42) for the same period in 2024[35]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2025 Commission File Number 001-33653 Fifth Third Bancorp (Exact name of Registrant as specified in its charter) (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification Number) Ohio 31-0854434 38 Fountain Square Plaza Cincinnati, Ohio 45263 ...

Financial Overview - As of September 30, 2025, Fifth Third Bancorp had $213 billion in assets and operated 1,102 full-service banking centers and 2,184 ATMs across twelve states[13]. - Total assets were reported at $212,903 million as of September 30, 2025, slightly down from $212,927 million at December 31, 2024[50]. - Total Bancorp Shareholders' Equity increased to $21,107 million as of September 30, 2025, up from $19,645 million at December 31, 2024[50]. - The carrying value of total investment securities was $49.5 billion at September 30, 2025, down from $52.4 billion at December 31, 2024[108]. - Other short-term investments increased by $95 million to $17.2 billion as of September 30, 2025, driven by proactive price and liquidity risk management[126]. Revenue and Income - For the three months ended September 30, 2025, net interest income accounted for 66% of total revenue, while noninterest income contributed 34%[16]. - Net income available to common shareholders for Q3 2025 was $608 million, or $0.91 per diluted share, a 14% increase from $532 million, or $0.78 per diluted share, in Q3 2024[36]. - Noninterest income increased by $70 million for Q3 2025, totaling $781 million, and by $107 million for the nine months ended September 30, 2025, totaling $2.224 billion[40]. - Wealth and asset management revenue rose to $181 million for the three months ended September 30, 2025, an increase of 11% from $163 million in the same period in 2024[74]. - Noninterest income in the Wealth and Asset Management segment increased by $10 million to $107 million for the three months ended September 30, 2025, and by $18 million to $312 million for the nine months ended September 30, 2025[172]. Expenses and Efficiency - Noninterest expense rose by $23 million for Q3 2025, totaling $1.267 billion, and by $28 million for the nine months ended September 30, 2025, totaling $3.835 billion[41]. - The Bancorp's efficiency ratio, a non-GAAP measure, is calculated as noninterest expense divided by the sum of net interest income on an FTE basis and noninterest income[30]. - Noninterest expense rose by $39 million to $232 million for the three months ended September 30, 2025, and by $46 million to $697 million for the nine months ended September 30, 2025, primarily due to increases in compensation and benefits[166]. Capital and Ratios - The CET1 risk-based Capital Ratio is a key performance indicator used to assess the Bancorp's capital strength[30]. - The CET1 risk-based capital ratio as of September 30, 2025, was 10.57%, with a total risk-based capital ratio of 13.54%[43]. - The Bancorp issued $700 million of fixed-rate/floating-rate senior notes on January 28, 2025, with an interest rate of 4.967% per annum[25]. Loans and Credit Quality - Total loans and leases amounted to $123,147 million for the nine months ended September 30, 2025, with a yield of 6.09%, compared to $117,466 million and a yield of 6.43% for the same period in 2024[66]. - The allowance for loan and lease losses (ALLL) decreased to $2.3 billion at September 30, 2025, from $2.4 billion at December 31, 2024, representing a decrease of $87 million[71]. - The net charge-off ratio was 1.09% for Q3 2025, compared to 0.48% in Q3 2024, reflecting an increase in credit losses[39]. - Provision for credit losses was $197 million for Q3 2025, a 23% increase from $160 million in Q3 2024, and $544 million for the nine months ended September 30, 2025, up 55% from $351 million in the same period last year[38]. Deposits and Funding - Total deposits decreased from $167.252 billion on December 31, 2024, to $166.569 billion as of September 30, 2025[128]. - Core deposits decreased by $300 million from December 31, 2024, primarily due to decreases in transaction deposits and CDs of $250,000 or less[130]. - Average core deposits represented 77% of average total assets for both the three months ended September 30, 2025 and 2024[127]. Mergers and Acquisitions - The Bancorp entered into a merger agreement with Comerica Incorporated, with a transaction value of $10.9 billion, expected to close at the end of Q1 2026[19]. Tax and Legislation - Recent legislation introduced significant changes to the U.S. tax code, which were reflected in the Bancorp's financial statements but did not have a material impact[28]. - The effective tax rate increased to 22.6% for the three months ended September 30, 2025, compared to 21.3% for the same period in the prior year[98].

Table of Contents (Exact name of Registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2025 Commission File Number 001-33653 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification Number) Ohio 31-0854434 Fifth Third Bancorp 38 Fountain Square Plaza Cincinnati, Ohio 45263 ...

Financial Overview - As of September 30, 2025, Fifth Third Bancorp had $213 billion in assets and operated 1,102 full-service banking centers and 2,184 ATMs across twelve states[13]. - Total assets were reported at $212,903 million as of September 30, 2025, slightly down from $212,927 million at December 31, 2024[50]. - Total Bancorp Shareholders' Equity increased to $21,107 million as of September 30, 2025, up from $19,645 million at December 31, 2024[50]. - The Bancorp's total residential mortgage loans serviced as of September 30, 2025, were $106.5 billion, down from $112.4 billion as of September 30, 2024[86]. Revenue and Income - For the three months ended September 30, 2025, net interest income accounted for 66% of total revenue, while noninterest income contributed 34%[16]. - Net income available to common shareholders for Q3 2025 was $608 million, or $0.91 per diluted share, up 14% from $532 million, or $0.78 per diluted share in Q3 2024[36]. - Noninterest income increased by $70 million for Q3 2025, totaling $781 million, and by $107 million for the nine months ended September 30, 2025, totaling $2.224 billion[40]. - Wealth and asset management revenue rose to $181 million for the three months ended September 30, 2025, an increase of 11% from $163 million in the same period in 2024[74]. Expenses and Efficiency - Noninterest expense rose by $23 million for Q3 2025, totaling $1.267 billion, and by $28 million for the nine months ended September 30, 2025, totaling $3.835 billion[41]. - The efficiency ratio, a non-GAAP measure, is used to evaluate the Bancorp's operational efficiency[30]. - Compensation and benefits expense increased by $33 million for the nine months ended September 30, 2025, primarily driven by increases in base compensation and performance-based compensation[91]. Capital and Ratios - The CET1 risk-based capital ratio as of September 30, 2025, was 10.57%, with a total risk-based capital ratio of 13.54%[43]. - The CET1 risk-based Capital Ratio is a key performance indicator used to assess the Bancorp's capital strength[30]. - Book value per share increased by 6% to $29.26 as of September 30, 2025, from $27.60 in the prior year[36]. Loans and Credit Quality - Total loans and leases amounted to $123,147 million for the nine months ended September 30, 2025, with a yield of 6.09%, compared to $117,466 million and a yield of 6.43% for the same period in 2024[66]. - The provision for credit losses was $197 million for Q3 2025, a 23% increase from $160 million in Q3 2024, and $544 million for the nine months ended September 30, 2025, up 55% from $351 million[38]. - The net charge-off ratio was 1.09% for Q3 2025, compared to 0.48% for Q3 2024[39]. - The allowance for loan and lease losses (ALLL) decreased to $2.3 billion at September 30, 2025, from $2.4 billion at December 31, 2024, representing a decrease of $87 million[71]. Mergers and Acquisitions - The Bancorp entered into a merger agreement with Comerica Incorporated, with a transaction value of $10.9 billion, expected to close at the end of Q1 2026[19]. Legislative and Regulatory Impact - Recent legislative changes did not have a material impact on the Bancorp's financial statements for the period ending September 30, 2025[28]. Deposits and Funding - Total deposits decreased slightly to $166.569 billion as of September 30, 2025, down from $167.252 billion at December 31, 2024[128]. - Core deposits decreased by $300 million from December 31, 2024, primarily due to declines in transaction deposits and CDs of $250,000 or less[130]. - Average core deposits represented 77% of average total assets for both the three months ended September 30, 2025 and 2024[127]. Investment Securities - The carrying value of total investment securities decreased to $49.5 billion at September 30, 2025, down from $52.4 billion at December 31, 2024[108]. - Total net unrealized losses on the available-for-sale debt and other securities portfolio were $3.2 billion at September 30, 2025, compared to $4.3 billion at December 31, 2024[121]. Credit Risk Management - The Bancorp's credit risk management strategy emphasizes conservatism, diversification, and monitoring, with a focus on limiting exposure to borrowers with higher than average default risk[184]. - The Bancorp maintains a dual risk rating system for credit approval and pricing, which includes thirteen categories for estimating probabilities of default and eleven categories for estimating losses given an event of default[185]. - The Bancorp closely monitors economic factors impacting borrowers, including inflation, interest rates, and market volatility, to ensure disciplined client selection and adherence to underwriting policies[190].

Financial Performance - Net income for FQ3 2025 was $4 million, with diluted earnings per share of $0.64, representing an increase of approximately 83% compared to the prior year quarter[13] - Total operating revenue rose to $16.6 million, a 15.9% increase from $14.3 million in the prior year[35] - Noninterest income increased by 2.9% year-over-year to $4.2 million, driven by increased mortgage servicing rights and title service fees[22] - Total mortgage banking contribution was nearly $1.5 million, up over 10% compared to the third quarter of 2024[40] Asset and Loan Growth - Loan growth was approximately $80.6 million, or 7.8%, marking the sixth consecutive quarter of sequential loan growth[14] - The company expects a high single-digit level of loan growth in 2026, funded by bond portfolio runoff and 4% to 5% deposit growth[42] - There are approximately $40 million of unused line commitments expected to be funded in the next 6 to 12 months[56] Deposits and Interest Income - Deposits grew by nearly $103 million, or 9%, including $51 million related to Marblehead, with overall deposit growth at 4.5% when excluding Marblehead[14] - Net interest income totaled $12.3 million, a 21% increase from $10.2 million in FQ3 2024, with a 30% annualized growth rate from the linked quarter[14] - The net interest margin peaked at 3.48% this quarter, with expectations of funding costs rising in the future[37] - Loan yields reached a new high of 5.95%, up 23 basis points, contributing to an earning asset yield increase of 18 basis points to 5.31%[36] Expenses and Operating Costs - Operating expenses decreased by 3% from the linked quarter and increased by only $500,000 or 4.5% from the prior year[41] - Total expenses for Q4 are expected to remain around $11.5 million, leading to an estimated total of approximately $46 million for the entire year of 2025[77] - The expense outlook indicates ongoing pressure due to technology investments and talent acquisition, which may complicate future balance sheet expansion[76] Credit Quality and Allowance - Charge-offs returned to historic levels, with nonperforming assets totaling $4.9 million and an allowance for credit losses at 1.44% of total loans[33] - The allowance for credit losses increased by 1 basis point, remaining consistent with portfolio trends[45] - Total delinquencies were slightly lower at 45 basis points, with total classified loans down nearly $1.3 million or 21% from the prior year[45] - The coverage of non-performing assets (NPAs) is expected to exceed 0.40% as the company continues to manage its credit portfolio effectively[72] Shareholder Returns and Capital Management - A dividend of $0.155 per share was announced, equating to a 3.1% yield and 24% of earnings, marking the 13th consecutive year of increased annual dividend payouts[48] - The company repurchased 101,000 shares at an average price of just under $20, totaling $4.5 million for the year[44] - The company plans to slow down share buybacks to retain capital for potential acquisitions while maintaining a meaningful shareholder dividend above $4 million next year[88] Strategic Initiatives - The company is targeting a $100 million agricultural lending portfolio within a year, reflecting renewed emphasis on agricultural lending opportunities[32] - The Marblehead transaction integration is progressing well, with expectations of leveraging the brand's 117-year history to pursue new opportunities[85] - The company is focusing on expanding into Henry County, which has $800 million in deposits, with a significant portion currently held in community banks[86] - A pipeline of $37 million includes about $12 million in refinances, indicating a potential increase in refinancing activity if rates drop below 6%[82] Future Outlook - Mortgage volume is anticipated to rise by about 15% in Q4, reaching approximately $80 million, compared to $68 million in the previous quarter[77] - The company is structured to handle mortgage volumes between $450 million and $500 million, with hopes to achieve a volume in the 400 range as interest rates decline[80]

Oportun Delivers Fourth Consecutive Quarter of GAAP Profitability, Increases Full-Year 2025 Adjusted EPS Guidance Operating expenses reduced 11% year-over-year, supporting continued margin expansion SAN CARLOS, CA – November 4, 2025 – Oportun Financial Corporation (Nasdaq: OPRT) ("Oportun", or the "Company") today reported financial results for the third quarter ended September 30, 2025. "Our third quarter results were strong, marking our fourth consecutive quarter of GAAP profitability as we delivered a $3 ...

Real Estate Investments - As of September 30, 2025, the total gross investments in the real estate portfolio amounted to $2,397.6 million, with seniors housing and health care properties comprising approximately 99.5% of the portfolio[141] - The seniors housing operating portfolio (SHOP) includes 21 communities managed by five independent operators, following the conversion of 13 communities from Triple-Net leases[145] - The gross investments in owned properties include 128 properties, with 56 in seniors housing and 50 in skilled nursing, generating a total rental income of $112.11 million[149] - The company has established a new SHOP segment, which is expected to enhance investment opportunities and provide oversight rights under the RIDEA structure[145] - As of September 30, 2025, the SHOP segment comprises 21 properties with a total gross investment of $446,527,000 and 1,577 beds/units, averaging $283.15 investment per unit[170] - During the nine months ended September 30, 2025, the company acquired eight seniors housing communities for a total purchase price of $268,750,000, adding 745 beds/units to the SHOP segment[171] - The company plans to convert two skilled nursing facilities from its triple-net portfolio into the SHOP segment, which will add 186 units with a gross book value of $33,102,000[170] Financial Performance - The company reported rental income and resident fees totaling $163.99 million, representing 100% of total revenues for the portfolio[149] - Total revenue for the Real Estate Investments segment for the nine months ended September 30, 2025, was $148.5 million, with a net operating income (NOI) of $140.1 million[151] - The SHOP segment generated $34.2 million in revenue for the nine months ended September 30, 2025, with an NOI of $7.4 million[151] - Total revenues for the nine months ended September 30, 2025, increased to $178,561, up by $21,296 compared to $157,265 in 2024[201] - Net income available to common stockholders for the three months ended September 30, 2025, was a loss of $20,149,000, a decrease of $49,314,000 compared to net income of $29,165,000 for the same period in 2024[198] - Net income attributable to LTC Properties, Inc. was $15,777 for the nine months ended September 30, 2025, down by $57,180 from $72,957 in 2024[201] - Funds from Operations (FFO) attributable to common stockholders for the nine months ended September 30, 2025, was $42,466, compared to $92,737 in 2024[208] - Net Operating Income (NOI) for the nine months ended September 30, 2025, was $147,840, slightly down from $149,188 in 2024[211] Investments and Acquisitions - The company anticipates making additional investments in health care-related properties, funded through cash on hand, asset sales, and borrowings under its unsecured revolving line of credit[146] - The company sold two skilled nursing centers in Florida for $43.0 million, expecting a gain on sale of approximately $26.0 million[169] - The company sold five remaining skilled nursing centers for $80.0 million, anticipating a gain on sale of approximately $52.0 million[169] - The company invested $4,248,000 in improvement projects for NNN properties and $2,425,000 for SHOP properties during the reporting period[172] - The company sold three properties for a total sales price of $6,350,000, resulting in a net loss of $235,000[174] Debt and Financing - Financing receivables totaled $362.2 million, contributing 15.1% to the gross investments, with interest income from financing receivables at $21.18 million[149] - The company had total debt obligations of $944,515,000 as of September 30, 2025, with a weighted average interest rate of 4.49%[233] - The new unsecured credit agreement increased the revolving line of credit from $425 million to $600 million, with a potential total commitment of $1.2 billion[228] - The company repaid $62,900,000 under the new revolving line of credit after September 30, 2025, leaving $485,550,000 outstanding[234] - The interest coverage ratio was 5.0x for the year to date, indicating strong ability to meet interest obligations[215] Operational Metrics - The company has implemented monitoring processes for its investments, including periodic financial reviews and property inspections to mitigate payment risks[143] - The company reported a total nurse staffing standard of 3.48 hours per resident day, which includes at least 0.55 hours of direct registered nurse care and 2.45 hours of direct nurse aide care[184] - The company’s skilled nursing centers reported a value of $943,775,000 as of September 30, 2025, compared to $959,060,000 as of June 30, 2025[190] - The company’s geographic mix shows Texas as the highest investment state at $314,232,000 as of September 30, 2025[190] Shareholder Information - As of September 30, 2025, the company had 47,332,792 shares of common stock outstanding, total equity of $1.0 billion, and equity securities with a market value of $1.7 billion[238] - During the nine months ended September 30, 2025, the company declared and paid $80.0 million in cash dividends[238] - The company sold 1,655,100 shares of common stock for $59.3 million in net proceeds under its Equity Distribution Agreement during the nine months ended September 30, 2025[241] - At September 30, 2025, the company had $330.3 million available under the Equity Distribution Agreement[241] - The company has an automatic shelf registration statement that allows for the public offering of an indeterminate amount of securities, expiring in November 2027[242] Regulatory and Compliance - The company has until January 1, 2026, to submit required Medicare revalidations as per the recent extension announced by CMS[185] - The company is in compliance with all applicable financial covenants as of September 30, 2025[232] Miscellaneous - The company experienced a write-off of effective interest receivable amounting to $41,455,000 for the three months ended September 30, 2025[198] - The provision for credit losses increased to $3,642 in 2025, up from $942 in 2024, reflecting higher risk assessments[201] - There were no material changes in the company's market risk during the nine months ended September 30, 2025[249]

Exhibit 99.1 United Fire Group, Inc. reports third quarter 2025 results Third quarter net income of $1.49 per diluted share and adjusted operating income of $1.50 per diluted share Third quarter 2025 highlights compared to third quarter 2024, unless otherwise noted: (1) 2 Consolidated financial highlights: | Consolidated financial highlights | | | | (1) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | (Unaudited) | | | Three months ended September 30, | | | | Nine months ended September 3 ...

Financial Performance - Consolidated revenues for Q3 2025 declined to $7.5 million from $7.9 million, primarily due to lower APC revenues resulting from project execution timing[8] - Net income for Q3 2025 was $303,000, or $0.01 per share, compared to net income of $80,000, or $0.00 per share in Q3 2024[11] - For the three months ended September 30, 2025, Fuel Tech, Inc. reported a net income of $303,000, compared to a net income of $80,000 for the same period in 2024, representing a significant increase[23] - Total revenues for the three months ended September 30, 2025, were $7,490,000, a decrease of 4.6% from $7,851,000 in the same period of 2024[27] - The gross margin for the three months ended September 30, 2025, was $3,661,000, compared to $3,407,000 for the same period in 2024, indicating an increase of 7.4%[27] - For the nine months ended September 30, 2025, the net loss was $(1,125,000), compared to a net loss of $(60,000) for the same period in 2024, reflecting a substantial increase in losses[25] - Adjusted EBITDA improved to $228,000 in Q3 2025 from an Adjusted EBITDA loss of $(35,000) in Q3 2024[12] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(1,455,000), an improvement from $(2,060,000) in the same period of 2024[32] Revenue Segments - APC segment revenue decreased to $2.7 million from $3.2 million, with a gross margin expansion to 47.2% from 35.0%[12] - FUEL CHEM segment revenue rose to $4.8 million from $4.6 million, with a gross margin increase to 49.8% from 49.2%[13] - The annual revenue potential from a new FUEL CHEM customer contract is projected to be approximately $2.5 to $3.0 million[4] - Revenues from the United States for the three months ended September 30, 2025, were $5,626,000, compared to $5,453,000 for the same period in 2024, showing a growth of 3.2%[30] Cash and Investments - Cash and investments totaled $33.8 million with no debt as of September 30, 2025[3] - Cash and cash equivalents increased to $13.7 million from $8.5 million as of December 31, 2024[20] - Cash and cash equivalents at the end of the period on September 30, 2025, were $13,677,000, up from $12,274,000 at the end of September 30, 2024[25] Backlog and Accounts Receivable - The APC backlog increased by more than 20% from June 30, 2025, reaching $9.5 million as of September 30, 2025[3][5] - The company experienced a significant increase in accounts receivable, which rose by $3,066,000 for the nine months ended September 30, 2025, compared to a decrease of $(845,000) in the same period of 2024[25] Expenses - The company incurred $9,895,000 in selling, general and administrative expenses for the nine months ended September 30, 2025, compared to $9,815,000 for the same period in 2024, indicating a marginal increase[27] Assets - The total assets as of September 30, 2025, were $47,913,000, a slight decrease from $48,797,000 as of December 31, 2024[30] Strategic Initiatives - A strategic acquisition of APC intellectual property from Wahlco, Inc. was completed for $350,000, enhancing the company's technology portfolio[7]