Financial Performance - Q4 Fiscal 2025 - Consolidated revenue decreased to $138.5 million, a 12.0% decrease compared to Q4 Fiscal 2024[15] - Adjusted EPS was ($0.56), a 155% decrease compared to the prior year[15] - Adjusted EBITDA was ($4.1) million, a 169% decrease compared to the prior year[15] - REPREVE® Fiber sales accounted for 30% of net sales, a decrease of 400 bps[15] - Gross loss was ($1.1) million, a 110.5% decrease compared to the prior year, with a gross margin of (0.8)%, a decrease of 770 bps[29] Segment Performance - Q4 Fiscal 2025 - Americas net sales decreased by 6.6% to $85.0 million, with a gross loss of ($5.3) million and a gross margin of (6.3)%[33] - Brazil net sales decreased by 10.6% to $28.8 million, with a gross profit of $1.3 million and a gross margin of 4.6%[36] - Asia net sales decreased by 27.7% to $24.7 million, with a gross profit of $2.9 million and a gross margin of 11.7%[40] Capital Structure and Outlook - The company expects Q1 FY26 net sales and Adjusted EBITDA to improve sequentially from Q4 FY25[48] - Recent asset sale reduced debt principal by $43 million and is expected to drive future annual savings of $3 million for interest and $20 million for manufacturing costs[44]

Financial Performance - Q3 Fiscal 2025 - Consolidated revenue was $146.6 million, a decrease of 1.6% compared to Q3 Fiscal 2024[15] - Adjusted EPS was ($0.76), a decrease of 33.5% compared to Q3 Fiscal 2024[15] - Adjusted EBITDA was ($4.9) million, a decrease of 533% compared to Q3 Fiscal 2024[15] - REPREVE Fiber accounted for 31% of sales, consistent with Q3 Fiscal 2024[15] - Gross loss was ($0.4) million, a decrease of 109.3% compared to Q3 Fiscal 2024[34] Segment Performance - Americas net sales increased by 2.6% to $93.5 million, but experienced a gross loss of ($7.0) million[38] - Brazil net sales decreased by 4.9% to $28.1 million, with a gross profit of $3.0 million[41] - Asia net sales decreased by 12.0% to $24.9 million, with a gross profit of $3.5 million[44] Capital Structure and Outlook - The company anticipates reducing debt by $50 million through a pending asset sale[48] - The asset sale is expected to drive future annual savings of $3 million in interest and $20 million in manufacturing costs[48] - The company expects net sales and Adjusted EBITDA to improve sequentially from Q3 2025, driven by recovery in the Americas segment[52]