- Fiscal Q1 2027 revenue $16.4M, +9.3% YoY
- Gross margin 50.5%, +1,100 bps YoY
Revenue rose 9.3% to $16.4M. Gross margin expanded 1,100 bps to 50.5%. GAAP net income of $0.16M vs a $2.36M loss a year ago. Operating cash flow negative on working capital timing. Subsidiary buyback proposal and VLS strategic review noted.
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