Financial Performance - Sales for Q1 2025 were $5,141,000, a 10.2% decline from Q1 2024[5] - Operating income improved to $2,000 compared to a loss of $380,000 in Q1 2024[2] - Net loss for Q1 2025 was $56,000, an improvement of $368,000 from a net loss of $424,000 in Q1 2024[2] - EPS for Q1 2025 was $(0.01), compared to $(0.08) for the same period in Q1 2024[7] - Gross profit improved by 3.4% compared to Q1 2024 despite a decline in sales[5] - Operating expenses were reduced by 19.4% from Q1 2024[5] Sales Performance by Segment - Modular buildings segment sales reached $2,193,000, up 47.5% from Q1 2024[4] - Agricultural products sales declined by 30.4% to $2,948,000 in Q1 2025[5] Economic Outlook - The company anticipates two interest rate cuts in fiscal 2025, which may stimulate economic growth[3] - A strong demand-driven backlog at the end of fiscal 2024 contributed to increased sales in Q1 2025[6]
Art’s-Way(ARTW) - 2025 Q1 - Quarterly Results