There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the future of the global economic environment and its impact on our customers and suppliers; the impact of new governmental legislation and regulation, including tax reform, tariffs and related activities, such trade negotiations and other risks; the success and timing of our expansion plans; the availability of components from the supply chain; the availability of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts; development and success of customers’ programs and products; timing and effectiveness of ramping of new programs; success of new-product introductions; the risk of legal proceedings or governmental investigations relating to the previously reported financial statement restatements and related material weaknesses, the May 2024 cybersecurity incident and the subject of the internal investigation by the Company’s Audit Committee and related or other unrelated matters; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings.
The results during the third quarter of fiscal 2025 included government-mandated severance expenses in Mexico of approximately $0.8 million and balance sheet adjustments for inventory and estimated collections from customers of approximately $0.7 million.The net loss was $(0.6) million or $(0.06) per share for the third quarter of fiscal year 2025, compared to a net loss of $(2.2) million or $(0.21) per share for the same period of fiscal year 2024.
The adjusted net loss was $(0.6) million or $(0.05) per share for the third quarter of fiscal year 2025, compared to adjusted net loss of $(2.2) million or $(0.20) per share for the same period of fiscal year 2024.
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