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Resale company Winmark is a franchisor that owns concepts including Plato's Closet, Play It Again Sports, and Once Upon a Child. Not in a legal document but in a pact because what happens, Jim, is our most successful franchisees, they understand that their business is a legacy asset in the community.
The resale company's capital allocation strategy and growth expectations. As I've mentioned earlier, we're Winmark the resale company and our mission is to provide resale for everyone. It's the franchisor of resale brands, including Plato's Closet, Once Upon A Child, and Play It Again Sports.
Being global and local allows us to understand and respond to regional dynamics by delivering tailored solutions that meet specific market needs while leveraging global expertise and resources. year to year organically as services revenue was down 8% in line with prior quarter, and resale declined 19%. Profit margin expanded almost 2.5
In summary, the strength of our balance sheet, strong liquidity, and low leverage provides us with significant confidence and financial flexibility as we come to the end of 2023 and head into 2024. You know, the resale market is inventory very, very constrained. Our book value per share increased to just over $90. I'm not sure.
And even while interest rates and affordability were primary headwinds to demand, the well-documented chronic housing supply shortage has kept inventory levels very low, which has continued to propel customers to stretch their finances for needed housing as incentives and price reductions combined to spark sales activity.
Yesterday, we filed our Form 10-K and we issued our press, and both documents can be found in the investor relations section of the web site at www.voxxintl.com, and we'll be posting our updated investor presentation within the week. How we can improve process to do more with less is key to this technology.
As we previously discussed, two of the largest population cohorts, the millennials and recently Gen Zs are having life events lean to increased levels of need-based housing that currently cannot be met by the constrained resale of home supply in the market. times to 1.4 times, reflecting impressive growth in shareholder value. billion to $6.2
So part of this journey is our unwavering focus on leveraging today's most cutting-edge AI solutions to really revolutionize the business in four key areas that we think hold the most opportunity for growth and opportunity. resale -- 3.8 That's always our goal. So if we end the year somewhere between 3.8
For a detailed discussion of risk factors and non-IFRS measures, please refer to our disclosure documents on the IR section of our website. Thirdly, developers can benefit from advancement in mini games' infrastructure, leveraging our know-how and game technology. Let me introduce the management team on the call tonight.
The shares underlying the Convertible Notes and the Warrants are subject to a one-year lock up and are expected to be registered for resale on a registration statement on Form S-3 after February 6, 2024. About NUBURU Founded in 2015, NUBURU, INC.
We anticipate FY '25 professional services revenue of approximately $630 million to $640 million as we further leverage our partner ecosystem. And you've got a slew of new products, you've got an expanded partnership strategy, you've got resale -- reseller partnership strategy as well. Turning to backlog. We are just getting started.
The shares underlying the Convertible Notes and the Warrants are subject to a one-year lock up and are expected to be registered for resale on a registration statement on Form S-3 after February 6, 2024. About NUBURU Founded in 2015, NUBURU, Inc.
We are already the market leader in multiple businesses and are focused on building our scale, increasing our operating leverage, broadening our solutions offerings, and leveraging our commercial platform to capitalize on Iron Mountain's unique position as a truly end-to-end solutions provider transcending both the physical and digital worlds.
So, as for the resale, in Mexico, for example, we had a confusion in logistics. However, we are only leveraging it slightly as for the price hike and pricing as well. And we did have some impact as well at Honda. And that has been resolved as well. So, there is actually negative 20,000 units. However, this can be recouped as well.
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