Key Tronic(US:KTCC)2025-11-04 21:01Financial Performance - Key Tronic reported total revenue of $98.8 million for Q1 FY2026, down 25% from $131.6 million in the same period of FY2025[3]. - The net loss for Q1 FY2026 was $(2.3) million or $(0.21) per share, compared to net income of $1.1 million or $0.10 per share in Q1 FY2025[7]. - Adjusted net loss for Q1 FY2026 was $(1.1) million or $(0.10) per share, compared to adjusted net income of $2.8 million or $0.26 per share in Q1 FY2025[7]. - Total cash flow from operations was approximately $7.6 million in Q1 FY2026, down from $9.9 million in Q1 FY2025[5]. Margins and Debt - Gross margin increased to 8.4% in Q1 FY2026 from 6.2% in the previous quarter, but decreased from 10.1% in Q1 FY2025[6]. - The company reduced its debt by approximately $12.0 million year-over-year[5]. Future Outlook and Growth - Key Tronic anticipates long-term growth through expansion in the US and Vietnam, including a new facility in Springdale, Arkansas[4]. - Key Tronic expects approximately half of its manufacturing to occur in the US and Vietnam facilities by the end of FY2026[8]. - The company won new programs in medical technology and industrial equipment during Q1 FY2026[9]. - Key Tronic will not issue revenue or earnings guidance for Q2 FY2026 due to uncertainties in new program ramps and potential tariffs[10].