SigmaTron International(SGMA) - 2025 Q1 - Quarterly Results

Financial Performance - Revenues for the first quarter of fiscal 2025 decreased by $13.4 million, or 14% year-over-year, totaling $84.8 million compared to $98.1 million in the same period last year[1]. - Net loss for the quarter was $3.3 million, resulting in a loss per share of $0.54, compared to a net income of $0.3 million and earnings per share of $0.04 in the prior year[1][8]. - Sequentially, revenues increased by 4.4% compared to the fourth quarter of fiscal 2024, indicating a potential positive trend[2]. - The first quarter's gross profit was $6.4 million, down from $9.7 million in the same period last year, reflecting the impact of reduced revenues[7]. Asset Management - Current assets decreased to $167.9 million from $175.9 million in the previous quarter, while total assets decreased to $218.8 million from $223.8 million[8]. - Current liabilities remained relatively stable at $145.4 million, with long-term obligations decreasing to $10.6 million from $11.8 million[8]. - The company is focused on reducing inventory to lower working capital requirements, which will remain a priority for the remainder of the calendar year[3]. Future Outlook - The company is optimistic about calendar 2025 being a stronger year, as customer relationships remain excellent and new projects are in progress[3]. - The company has made progress in de-leveraging its balance sheet in collaboration with Lincoln International[3]. - The company continues to monitor market conditions and adjust manufacturing schedules and overhead costs accordingly[2].