Crawfors
3 weeks ago
i also really love this from the PR!
Cost Control: We significantly reduced our Cost of Revenues, resulting in a gross profit of $831,000 in 2024, a major improvement from a gross loss of ($880,000) in 2023. This reflects improved efficiency, a focus on profitable product lines, and strategic cost-cutting measures that are crucial for our financial sustainability.
$EDXC
Crawfors
1 month ago
$EDXC We reported revenue of $1,656,000 in fiscal 2024 and a gross profit of $831,000. While there was a decrease in revenues from fiscal 2023, fiscal 2024 saw an improvement in gross margins from ($880,000) in 2023 to $831,000 in 2024. Further, cash used in operating activities was reduced from $1,623,000 in 2023 to $452,000 in 2024. The improvements in margins and cash utilization demonstrate our focus on profitable product lines, commitment to operational efficiency and disciplined cost management. These strategic actions are paving the way for enhanced profitability in the coming years.