Spokane Valley-based Key Tronic Corp. has reported a net loss of $604,000, or 6 cents per diluted share, for the company’s fiscal year 2025 third quarter, which ended March 29. 

The net loss is an improvement over the year-earlier quarter, when the contract manufacturing company posted a loss of $2.2 million, or 21 cents per share.

Total revenue dipped this quarter, however, with net sales coming in at $112 million, compared to $142.4 million in the same quarter last year.

“We believe that uncertainties about tariffs have led to hesitancy and business paralysis in many of our customers’ businesses,” says President and CEO Brett Larsen in a press release. “As previously announced, we’re proceeding with the buildout of new production capacity in Arkansas and Vietnam. Our manufacturing footprint in the U.S., Mexico, and Vietnam provides our customers with options to manage current tariffs and future tariff changes.”

The new facilities are expected to be operational in the first half of fiscal year 2026.

Key Tronic (Nasdaq: KTCC) stock traded at $2.31 per share at the close of the market on May 7, down from its 52-week high of $6.14 per share and closer to its 52-week low of $2.21 per share.