Profits in the final quarter tumbled by two-thirds to $3,485,000 from $10,477,000, driven by plunging gross margins, despite a 4% increase in revenues to $151,062,000 from $145,775,000.

The online resale platform posted a net loss of $5,575,000 for the fourth quarter, down 74% from $21,707,000 a year ago, on 18% revenue growth to $79,704,000 from $67,276,000 as active buyers increased 30% to 1.65 million and orders increased 27% to 1.56 million.

The children’s bicycle brand said its sales increased by 27% to a record €149 million ($167 mm) in the final quarter of FY25, up from €117 million in the prior quarter, as it plans an aggressive expansion in the U.S. market.

The German investment company, which focuses on carve-outs in the small- and medium-sized segment, has agreed to acquire Zeiss’ Hunting & Nature business, which is being spun off into a new company.

The former CEO of baseball equipment supplier All-Star and Sporting Goods Industry Hall of Famer passed away on Feb. 24 at the age of 73 after a battle with cancer.