Taitron Components | 10-Q: FY2025 Q3 Revenue: USD 529 K

Revenue: As of FY2025 Q3, the actual value is USD 529 K.

EPS: As of FY2025 Q3, the actual value is USD -0.01.

EBIT: As of FY2025 Q3, the actual value is USD -112 K.

Net Product Revenue: For the three months ended September 30, 2025, net product revenue was $529,000, compared to $1,187,000 for the same period in 2024. For the nine months ended September 30, 2025, net product revenue was $2,778,000, compared to $3,374,000 for the same period in 2024.

Gross Profit: Gross profit for the third quarter of 2025 was $327,000, compared to $552,000 in the third quarter of 2024. Gross profit for the nine months ended September 30, 2025 was $1,669,000, compared to $1,710,000 for the same period in 2024.
Net Income (Loss): Net loss for the third quarter of 2025 was - $58,000, compared to net income of $245,000 in the third quarter of 2024. Net loss for the nine months ended September 30, 2025 was - $671,000, compared to net income of $1,203,000 for the same period in 2024.
Selling, General and Administrative Expenses: These expenses totaled $516,000 for the third quarter of 2025, compared to $530,000 for the same period in 2024. For the nine months ended September 30, 2025, these expenses totaled $1,651,000, compared to $1,683,000 for the same period in 2024.

Operating Cash Flow: Net cash provided by operating activities was $598,000 for the nine months ended September 30, 2025, compared to - $374,000 used in the same period in 2024.
Investing Cash Flow: Net cash used for investing activities was - $14,000 for the nine months ended September 30, 2025, compared to - $228,000 for the same period in 2024.
Financing Cash Flow: Net cash used for financing activities was - $813,000 for the nine months ended September 30, 2025, compared to - $903,000 for the same period in 2024.

Restructuring Expenses: A one-time restructuring expense of $1,680,000 was recognized due to severance compensation payments.

Core Business Focus: The company is shifting its strategy to focus on higher margin ODM Projects, which require custom products designed for specific applications to OEM customers. This shift is away from actively marketing a vast quantity of electronic components for immediate order fulfillment.
Non-Core Business: The company plans to passively market and distribute its components inventory online for clearance through its internet sales portal, potentially at lower rates due to pricing pressures associated with online shopping.
Dividend Policy: The Board of Directors approved a modification of the dividend policy, reducing quarterly installment amounts by 30%, targeting a cash dividend of $0.14 per share per annum, payable in equal $0.035 per share quarterly installments.