Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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New words:
consumption, discount, good, printing, range, recurring, Repayment, vary
Financial report summary
?Management Discussion
- Consolidated net sales for the three months ended February 29, 2024 decreased by $2,138,067 or 23.3%, to $7,053,706 as compared to net sales of $9,191,773 for the three months ended February 28, 2023. We attribute the decrease to a decrease in business with new customers as well as a decrease in business with existing customers. We can also attribute the decrease to customers pushing out orders due to them over ordering in 2022. The customers have excess inventory that they need to consume before re-ordering those products. Additionally, many customers, because of having this excess inventory have not launched new product development as their cash is tied up in the inventory. Net sales for the three months ended February 29, 2024 and February 28, 2023 reflect $154,486 and $394,793, respectively of tariff costs that the Company was able to pass on to its customers.