Financial Performance - Net sales for Q1 2025 were 2,239,adecreaseof5, or 0.2%, from 2,244inQ12024,primarilyduetoreducedsalesofHazardPROwirelessproducts[57].−GrossprofitforQ12025was1,084, an increase of 4,or0.473, or 6.2%, to 1,253inQ12025,risingasapercentageofnetsalesto56.028, or 24.1%, in Q1 2025 due to lower interest income from Treasury Bills [61]. - Loss before income tax benefit was 81inQ12025,adecreaseof97 compared to income before income taxes of 16inQ12024[62].CashFlowandLiquidity−Cashandcashequivalentswere9,918 at March 31, 2025, down from 9,948atDecember31,2024,primarilyduetodecreasedcashfromoperatingactivities[65].−Cashusedinoperatingactivitieswas30 in Q1 2025, compared to cash from operating activities of 202inQ12024,adecreaseof232 [66]. - The company believes its ongoing cash requirements will be met through existing cash and cash generated from operations for at least the next 12 months [67]. Strategic Outlook - The company is exploring growth opportunities through internal product development and external technology partnerships or acquisitions [70]. - Supply chain dynamics may negatively impact operations and profit margins due to unexpected price increases and delivery delays [68].
