Green volumes down 10%. Red only down 1%.
This is what you'd expect if BOE was using Summer Sprouts green.
It might also explain the increase in royalties (still paying because they are using red) but material sales being down.
Danger Will Robinson.
Revenue
Our total material sales were $86.2 million for the three months ended March 31, 2025, as compared to $93.3 million for the three months ended March 31, 2024, a decrease of 8% with a commensurate decrease in unit material volume of 8%. The decrease in material sales was primarily due to lower unit material volume for our emitter materials, partially offset by changes in customer mix.
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Green emitter sales for the three months ended March 31, 2025, which include our yellow-green emitters, were $63.5 million as compared to $70.8 million for the three months ended March 31, 2024, with unit material volumes decreasing by 10%.
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Red emitter sales for the three months ended March 31, 2025 were $21.5 million as compared to $20.6 million for the three months ended March 31, 2024, with unit material volumes decreasing by 1%. |
