Revenue Performance - Revenue for the fiscal fourth quarter ended September 30, 2024, was 13.0million,adecreaseof15.015.3 million in the same quarter of the previous year[4] - For the full fiscal year 2024, revenue was 55.2million,downfrom64.6 million in fiscal 2023, representing a decline of 14.5%[7] Profitability - The company reported a net loss of (1.7)million,or(0.18) per diluted common share, compared to net income of 1.4million,or0.15 per diluted common share for the same quarter last year[4] - Gross profit for fiscal year 2024 was 18.9million,or34.121.9 million, or 33.9% of sales in the previous year[7] Recurring Revenue - Recurring revenue increased to approximately 17% of total revenue for fiscal 2024, up from under 5% two years ago[3] Cash Position - The company had cash and cash equivalents of 30.6millionasofSeptember30,2024,allowingfortheimplementationofgrowthstrategies[5]BusinessDevelopment−ThepartnershipwithRockwellAutomationgeneratedover100newbusinessleadsfortheAZTPROTECT™productline[2]−Thecompanysignedover10newcustomersinthecloud−basedbusinessduringthefourthquarter[2]−Thecruiselinebusinessispositionedforstrongbookingsandpipelineforfiscalyear2025[2]DividendDeclaration−Theboarddeclaredaquarterlydividendof0.03 per share, payable on January 15, 2025[1]
