Revenue and Profitability - Revenue for the three months ended March 31, 2025, was $34,616,047, an increase of 2.5% compared to $33,764,051 for the same period in 2024[3] - Gross profit decreased to $11,158,625, down 13.4% from $12,886,236 year-over-year[3] - Net income for the period was $2,819,438, a decline of 39.0% compared to $4,626,707 in the prior year[3] - Earnings per share decreased to $0.06 from $0.10 year-over-year, representing a 40% decline[3] - Operating expenses totaled $6,574,853, a decrease of 5.0% compared to $6,918,178 in the same quarter of 2024[3] Assets and Liabilities - Total current assets increased to $122,983,223 as of March 31, 2025, up 9.7% from $112,812,138 as of December 31, 2024[2] - Total liabilities rose to $41,119,914, an increase of 9.5% from $37,746,096 at the end of the previous year[2] - Total shareholders' equity increased to $160,581,617 as of March 31, 2025, up from $155,744,992 at the end of 2024[2] Cash Flow - Cash and cash equivalents at the end of the period were $98,586,901, reflecting an increase of 9.9% from $94,846,969 at the end of the previous year[6] - The company reported a net cash increase of $9,778,817 from operating activities during the quarter[6]
Wing Yip Food(WYHG) - 2025 Q1 - Quarterly Report