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Key Tronic (KTCC) Q3 FY25 earnings results (third quarter fiscal 2025)

10-Q filed May 13, 2025

Key Tronic (KTCC) reported revenue of $112M for the third quarter fiscal 2025 (Q3 FY25), -21% from a year earlier and -2% from the quarter before. Operating margin was -0.4%, net loss $604K (0.5% of revenue).

Revenue$112M
Year over year-21%
Quarter over quarter-2%
Operating margin-0.4%
Net earnings−$604K

Key Tronic, Q3 FY25: revenue $112M (-21% year over year), operating margin -0.4%, net loss $604K, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.

Q3 FY25AmountQ/QY/Y
Revenue$112M-2%-21%
Operating profit−$459K——
Net earnings−$604K——
Operating cash flow−$1.4M-189%—

What changed

Revenue was $112.0M in Q3 FY25, down 21% year over year and down 2% from the previous quarter.

Gross margin was 7.7%, up 2.0 points from a year earlier. Operating costs exceeded revenue by $459K, an operating margin of -0.4%. Operating expenses grew 5% against a revenue fall of 21%. The quarter ended with a net loss of $604K, narrower than the previous quarter's $4.9M loss. Net interest and other expense of $2.6M was the main reason.

Operating cash flow was −$1.4M. Non-cash charges added back $2.4M of depreciation and amortization and $26K of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$3.6M.

Questions

What was Key Tronic's revenue in the third quarter fiscal 2025?

Key Tronic (KTCC) reported revenue of $112M for the third quarter fiscal 2025 (Q3 FY25), -21% from a year earlier and -2% from the quarter before.

Was Key Tronic profitable in the third quarter fiscal 2025?

Operating loss was $459K (-0.4% of revenue) and net loss $604K.

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Source: Key Tronic 10-Q on SEC EDGAR.