Successful Integration of Baby Boom Acquisition
The integration of Baby Boom added $3.8 million in sales this quarter, marking a successful addition to the company's portfolio.
Strong Cash Flow from Operations
Year-to-date cash flow from operations was $7 million, up from $4.1 million in the same period last year, indicating strong cash flow management.
Increased Cash and Cash Equivalents
Cash and cash equivalents rose to $1.1 million at the end of the third quarter, up from $829,000 at the end of fiscal 2024.
Continued Dividend Payments
The company paid its regular quarterly dividend of $0.08 per share and declared the next dividend.
Positive Developments in Diaper Bag Business
There is optimism about future growth in the diaper bag category with positive meetings with licensors and retailers.
Improved Inventory Management
Inventory balance declined from $34.9 million in December 2023 to $32.4 million in December 2024, showing effective inventory management.