Revenue: As of FY2024 Q1, the actual value is USD 18.83 M.

EPS: As of FY2024 Q1, the actual value is USD -0.03.

EBIT: As of FY2024 Q1, the actual value is USD -487 K.

Segment Revenue

• Total sales for the three months ended March 31, 2024, were $18,827 thousand, compared to $15,971 thousand for the same period in 2023, representing a 17.9% increase.

Operational Metrics

• Gross profit for the three months ended March 31, 2024, was $5,614 thousand, compared to $5,409 thousand for the same period in 2023, representing a 3.8% increase.
• Operating expenses for the three months ended March 31, 2024, were $6,279 thousand, compared to $5,991 thousand for the same period in 2023, representing a 4.8% increase.
• Net loss for the three months ended March 31, 2024, was $487 thousand, compared to $484 thousand for the same period in 2023.

Cash Flow

• Net cash provided by operating activities for the three months ended March 31, 2024, was $2,059 thousand, compared to net cash used in operating activities of $3,620 thousand for the same period in 2023.
• Net cash used in investing activities for the three months ended March 31, 2024, was $572 thousand, compared to $585 thousand for the same period in 2023.
• Net cash used in financing activities for the three months ended March 31, 2024, was $60 thousand, compared to $383 thousand for the same period in 2023.

Unique Metrics

• The company had a rewards program liability of $2,850 thousand as of March 31, 2024, compared to $875 thousand as of December 31, 2023.

Future Outlook and Strategy

• The company plans to continue leveraging its acquisition of T R Miller Co., Inc. to drive revenue growth and expand its customer base.
• The company has entered into a factoring arrangement to provide accounts receivable financing, which is expected to enhance liquidity and support operational needs.
• The company is implementing a new enterprise resource planning system, NetSuite, expected to launch in January 2025, to improve operational efficiency and financial reporting.