Jan. 30 at 11:11 PM
$FTEL
Financial details
Revenue: Total revenue was
$5.20 million, representing a 16.4% increase from
$4.47 million in FY2024.
This growth was driven primarily by merchandise sales of gym and fitness equipment, with higher order volumes and improved average order values contributing to the uptick.
Assets: Total assets stood at
$11.40 million, a slight decrease from
$11.48 million in FY2024. Key components include cash and cash equivalents of
$2.9 million (up from
$0.9 million), inventories, accounts receivable, and property/equipment. Net tangible assets were approximately
$7.69 million.
Debt: The company maintains low debt levels, with total debt reported at around
$0.30 million (primarily capital lease obligations).
Interest expense for the year was
$0.11 million, down significantly from
$1.24 million in FY2024. Post-year-end.
The
$50 million convertible note adds to liabilities, but it's structured for robotics expansion and includes conversion options.