โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $0.01 (Est. $0.01) ๐ฐ.
โข Revenue: $12.6M (Est. $10.92M) โ , +35.9% YoY.
โข GAAP EPS: -$0.02 (vs. -$0.02 YoY).
โข Gross Margin: 42.6% (vs. 45.6% YoY).
โข Adj. EBITDA: $0.3M, +33.7% YoY.
โข Cash & Short-Term Investments: $18.9M.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข FY2026 Revenue Growth: ~40%, raised from 25%โ30%.
โข FY2026 Gross Margin: 40%โ42%.
โข FY2026 Adj. EBITDA: $0.5Mโ$1.0M.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 revenue exceeded consensus by ~15.4%, driven by accelerating commercial and defense demand.
โข Growth was supported by healthcare, commercial aerospace and specialized data center applications.
โข YTD book-to-bill reached 1.46x, indicating orders significantly exceeded revenue.
โข Management expects several multimillion-dollar orders to close in Q4.
โข Excluding $0.9M in bad debt and legal expenses, Q3 adjusted EBITDA would have reached ~$1.2M.
โข YTD revenue increased 48.3% to $30.0M.
โข Cash and short-term investments declined to $18.9M from $31.2M at year-end 2025.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur third quarter results were better than expected and reflect accelerating momentum across our business, supported by growing demand for our Enterprise Class compute solutions and the expanding diversity of our customer base.โ