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move XXXX. will the fourth including facility Q&A. year with progress the expansion we update product like developments, providing have we conclude to significant in quarter of made I'd company, this I we our as development, will you our and and that by financials updates plans, all then the on and start plan Today, forward
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So, the with net our and We're achieve XXst for was the to able year. been growth revenue of we've December consistent pleased up to year over that last the maintain $XX,XXX,XXX. XXX% end
year Our the gross up profits $XX,XXX,XXX. XXXX XX% for to were
along cost components adjusting discount We and sales of continue materials accordingly. with to raw purchase dealer structures inventory and and monitor the prices are our
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adjustment prior count the in was the cycle for Our year X,XXX,XXX year. XXX,XXX to compared
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compared XXXX December $XX,XXX,XXX increased Our XXXX. almost the approximately $X to $X,XXX,XXX million operating expenses XXst, to for in ending year
were XX% Our ended compared for of December percent the XXst, operating expenses year for XX% sales year the as XXXX. a to
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X% So, improvement at we're with pleased this a year-over-year.
approximately compared Our net year is million XXXX the in $X.X loss to $X for XXXX. million
our had subsidiaries activity. XXXX, limited However,
about million, was net business $X.X approximately for net core boats $XX,XXX. loss charges, year, look loss and electric million. EBITDA was $X.X income our Forza was our our loss at the our when the segment, our which adjusted for adjusted the Further, $XXX,XXX, was Forza boat we of gas-powered non-cash the excluded
year EBITDA. So, even on we broke the
the loss of continues well including the in make to our LFG company brand. net is boat all investment Our Forza XI, our boats, electric Marine a new investment as continued division in the as reflection gas-powered
marketable of XXst, Turning $XX,XXX,XXX sheet. to approximately the of XXXX. and had balance equivalents cash as cash December We securities
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sit now, our inventory that shelves stocked, reduce we to as coming our So, -- months. hard are but stocks over work we'll the
seeing more On to merged lead times component will foresight inventory in and and Vee on fees December new Xth, with XXXX. Twin ERP demand us significantly XXXX, give and are a company. the parent We turns. our our professional anticipate we parts decrease system PowerCats, reduction We -- in forecasting
transaction that that is behind Now us.
from our million move cash approximately and forward ongoing operations. We picked into utilization provide We also merger, income cash this we finance equivalents to At believe a cash with up $X an of operations and position. to look NOLs. we as sufficient their cash NOL that time,
I'd And for so up with it Q&A. open that, like to
