YUNHONG GREEN CTI LTD. Q1 FY2023 earnings call

• Helium prices have improved and are approaching normalized levels, contributing to improved financial results. - Revenue only trailed the prior year by $0.7 million, with profitability increasing. - Incremental automation of manufacturing lines is an ongoing strategy for efficiency. - Discipline in staffing and workflows has increased throughput year-over-year. - Took advantage of helium price situation to eliminate costly overtime and inefficient processes. - Strong vendor relationships aid in efficient sourcing and managing liabilities. - Long-term employees' leadership and dedication are key to exceeding customer expectations.

Revenue for the first quarter was $5.1 million, trailing the prior year by $0.7 million (down from $5.8 million last year). Profitability increased in both percentage and dollar terms. No specific product segment revenue contributions mentioned as the focus is on overall revenue and profitability.

• Working on biodegradable and compostable solutions. - Planning to visit partner companies in Asia next month for prototyping of material alternatives. - Prototyping is ongoing with some things closer than others, but no definite revenue expectations for 2023 specified yet.

• Helium pricing issues were a significant prior risk that affected the business. - Future performance is subject to risks and uncertainties as predictions are based on assumptions about future events.

Q: When are you planning to go to the mainland and who is going?

A: Trip is early May, small team going including Frank and Jana Q: What do you hope to accomplish by going to China and meeting with leadership there?

A: Push for compostable solutions, aligning on moving to commercial solutions by connecting on material and specs Q: Do you expect any revenue from compostable solutions in 2023?

A: Impossible to say at this point, but prototyping is ongoing with some things closer than others