TAIT — what changed in the latest 10-Q
A section-by-section comparison of TAIT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2025-11-14 vs the prior 10-Q · 2025-08-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −8 | ~13 | 14 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2025-11-14
Other income, net, in the third quarter of 2025 was $77,000 versus $163,000 in the comparable period for 2024. Other income in 2025 was primarily $412,000 unrealized capital appreciation from short-term investments, offset by ($322,000) of additional tariff costs (see Note 8 – Tariff Costs).
Income tax provision was $0 for the third quarter of 2025 versus $8,000 in the comparable period for 2024.
Net loss was $58,000 for the third quarter of 2025 versus income of $245,000 in the comparable period for 2024, a decrease of $303,000 resulting from the reasons discussed above.
Nine Months Ended September 30, 2025 versus Nine Months Ended September 30, 2024.
Net sales in the nine months ended September 30, 2025 was $2,778,000 versus $3,374,000 in the comparable period for 2024, an decrease of $596,000 or 17.7% over the same period last year. The decrease was primarily driven by the impact of significantly varied tariffs due to fluctuating trade negotiat…
Text removed vs the prior filing · source: 10-Q · 2025-08-14
Six Months Ended June 30, 2025 versus Six Months Ended June 30, 2024.
Net sales in the six months ended June 30, 2025 was $2,249,000 versus $2,187,000 in the comparable period for 2024, an increase of $62,000 or 2.8% over the same period last year. The increase was driven by an increase of ODM project and ODM components sales volume.
Gross profit for the six months ended June 30, 2025 was $1,342,000 versus $1,158,000 in the comparable period for 2024, and gross margin percentage of net sales was approximately 59.7% for the six months ended June 30, 2023 and 52.9% for 2024, respectively.
Selling, general and administrative expenses in the six months ended June 30, 2025 totaled $1,135,000 versus $1,153,000 in the comparable period for 2024.
Restructuring expenses of $1,680,000 was driven by one-time severance compensation payments (see Note 6 – Restructuring and Severance Compensation Expense).
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice