Financial Performance - Net sales increased by approximately 18% to $35.3 million for the three months ended April 30, 2025, compared to $29.8 million for the same period in 2024[108]. - Costs of sales rose by approximately 17% to $26.1 million, representing 74% of net sales, compared to $22.4 million or 75% of net sales in the prior year[109]. - Gross profit margin improved to 26% for the three months ended April 30, 2025, up from 25% in the same period of 2024[110]. - Net income for the three months ended April 30, 2025, was approximately $1.2 million, compared to $0.6 million in the same period of 2024[107]. Operating Expenses - Operating expenses increased by approximately $916 thousand, primarily due to higher payroll, commissions, and advertising expenses[110]. Cash Flow and Working Capital - Working capital increased to approximately $5.5 million as of April 30, 2025, from approximately $4.9 million as of January 31, 2025[113]. - Net cash provided by operating activities was approximately $6.0 million for the three months ended April 30, 2025, compared to $3.6 million in the same period of 2024[116]. Debt and Financing - The company had no borrowings outstanding under its Credit Agreement and approximately $2.4 million outstanding under its Term Loan Agreement as of April 30, 2025[114]. - The company may require additional funding to finance growth or achieve strategic objectives, with no assurance that financing will be available on acceptable terms[120]. Commodity Price Impact - A 1.0% increase in commodity prices would negatively impact costs of sales by approximately $193 thousand on an annualized basis[125].
MAMAMANCINIS HOL(MMMB) - 2026 Q1 - Quarterly Report