SHARPE
Reported results
- Quarterly net sales were $37.3 million, an increase of $7.6 million or 25.4%, compared with $29.7 million in the comparable quarter last year; adjusted for approximately $6.0 million of accelerated orders, net sales increased 4.3%.
- Quarterly gross margin was 53.0%, compared with 46.7% in the comparable quarter last year.
- GAAP net loss was $1.5 million, or $(0.12) per diluted share, compared with GAAP net loss of $6.8 million, or $(0.54) per diluted share in the comparable quarter last year.
- Non-GAAP net income was $415,000, or $0.03 per diluted share, compared with non-GAAP net loss of $3.3 million, or $(0.26) per diluted share in the comparable quarter last year.
- Non-GAAP Adjusted EBITDA was $1.2 million, or 3.1% of net sales, compared with $(3.1) million, or (10.5)% of net sales in the comparable quarter last year.
- Cash and cash equivalents ended the quarter at $33.3 million with no debt.
Guidance
- Full-year net sales guidance of $200 million to $210 million.
- Non-GAAP Adjusted EBITDA guidance increased to $14.5 million to $17.5 million.
Notes
GAAP to non-GAAP adjustments for net income exclude acquired intangible amortization, stock compensation, and other costs. The Company does not provide a quantitative reconciliation of non-GAAP Adjusted EBITDA guidance in reliance on the ‘unreasonable efforts’ exception for forward-looking non-GAAP measures. New products represented more than 36% of net sales in the quarter.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-03 (8-K, Item 2.02). Read the original filing on sec.gov.