Company: ZRCN
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006748
Chunk: 32

Company: ZRCN Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 32
---
     (7) 
     (11) 
     (23) 
     (30)
  
    (Income) loss on foreign currency translation 
     19  
     (52) 
     184  
     (59)
  
    Total other income (expenses) 
     608  
     (292) 
     331  
     (651)

    Income (Loss) before income taxes 
     198  
     (389) 
     (73) 
     34 
  
    (Provision for) benefit from income taxes 
     (150) 
     (23) 
     4  
     (56)
  
    Net income (loss) 
    $48  
    $(412) 
    $(69) 
    $(22)

    (Loss) gain on change in foreign currency translation adjustment 
     (19) 
     (11) 
     (27) 
     89 
  
    Comprehensive income (loss) 
    $29  
    $(423) 
    $(96) 
    $67 

Sales
revenue and gross margin

Revenue
for the three months ended December 31, 2024 was $7.2 million compared to $7.5 million for the three months ended December 31, 2023 which
was a decrease of $0.3 million, or 4%. This decrease was driven primarily by reductions in Stud Sensor Edge products and Multifunctional
Scanners offset by increases in Stud Sensor Center products. Gross profit for the three months ended December 31, 2024 was $3.0 million,
or a 42% gross margin compared to $3.1 million, or 41%, during the three months ended December 31, 2023, which was a decrease of $26,000
in gross profit, or 1%, and an increase of 1% gross margin, respectively. The decrease in gross profit was driven by a small change in
product mix.

Revenue
for the nine months ended December 31, 2024 was $22.4 million compared to $23.4 million for the nine months ended December 31, 2023 which
was a decrease of $1.0 million, or 4%. This decrease was driven primarily by decreased sales for Stud Sensor Edge and Multifunctional
Scanner products offset by increases in Stud Sensor Center