“Gross Margins: Gross margin was 9% in the quarter ending September 30, 2025, compared to 71% in the same period last year. The decrease in gross margins was primarily due to increased hours spent on service contracts and an increase in costs related to digital assets mining leases.”
They also had a one time impairment charge on the exoskeletons that was substantial. They brought that up just prior to the orchestrated q&a segment. I can not now, nor ever, understand a high tech company that is pioneering important developments in battery safe solutions to hamstring themselves with exoskeleton work apparel efforts……they’re a distributor, not a manufacturer of this crap. In the previous months they have gained 30 installations of exoskeletons. They had no sales results published for this effort. As such I’m guessing it’s a try it and if you like it……..?
This is part of the problem with this company, great opportunities, can’t control their expenses as evidenced by 3rd quarter in a row with declining gross profit percentage…..8%, 18% and now 9%. Company is so f’d up it doesn’t know what it wants to be. Get rid of the current leadership is paramount for its continuance.
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