First year-over-year reduction in inventory since fiscal 2017, reflecting management’s efforts to improve working capital levels
Fourth quarter gross margin improved 320 basis points year-over-year
Generated $7.2 million in operating cash flow during the fourth quarter, helping the Company end the year with $24.3 million in cash and cash equivalents and no debt
Management expects to return to year-over-year sales growth and higher profitability in fiscal 2025
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