Net loss expanded 38% to $20,754,000 from $15,026,000 in the third quarter, as revenues fell 18% to $43,719,000 from $53,038,000. The continued focus on shoring up expenses saw gross margin expand 340 b.p. to 63.4% on lower promotional activity and tariff impacts compared to the prior year, while SG&A was cut 20%, leveraging 220 b.p. to 72.3% of sales, on lower payroll, less marketing spend at Solo Stove, and lower share of DTC sales. Inventory closed at $59.2 million, ... Log in to view full article.
