How did VREX's revenue and expenses trend in Q1 2025?

Varex Imaging Corp (VREX) experienced a notable trend in its revenue and expenses during Q1 2025, reflecting underlying financial dynamics and operational efficiency:

1. **Revenue Trend**: Varex's revenue for Q1 2025 was $200 million, which, although slightly below the estimated $201.63 million, represented a 5% year-over-year increase. This growth was driven by favorable sales mix and productivity gains within the company.

|code|Ticker|Name|Date|R&D Expenses|Gross Profit|Total Revenue|market_code|
|---|---|---|---|---|---|---|---|
|VREX|VREX.O|Varex Imaging|2024 Q2|2.26E7|6.58E7|2.062E8|185|
|VREX|VREX.O|Varex Imaging|2024 Q3|2.2E7|6.69E7|2.091E8|185|
|VREX|VREX.O|Varex Imaging|2024 Q4|2.19E7|6.71E7|2.057E8|185|
|VREX|VREX.O|Varex Imaging|2025 Q1|2.35E7|6.85E7|1.998E8|185|

2. **Expense Trends**: The company's Gross Profit for Q1 2025 was $70 million, with a Gross Margin of 35%. This marked an improvement from the previous year's gross margin of 31%, indicating enhanced operational efficiency. However, specific figures for R&D Expenses and SG&A Expenses are not available.
3. **Profitability**: Varex reported a Non-GAAP EPS of $0.07 for Q1 2025, which surpassed analyst estimates by $0.05. This beat on earnings was a significant 75.0% improvement from the estimated EPS of $0.04. The GAAP Net Loss was $0.01 per diluted share, a substantial improvement from the previous year's net loss of $1.22 per share.

In conclusion, Varex Imaging Corp demonstrated robust revenue growth and improved profitability in Q1 2025, driven by operational efficiencies and favorable market conditions.