Revenue reached $106.0M, up 23.9% from $85.6M — our first profitable year in roughly 38 years with $2.8M net income. Gross margin expanded 480 basis points to 32%, adjusted EBITDA roughly doubled to $15.9M. The reported $(3.21) diluted EPS is not an operating loss; it reflects a $69.6M non-cash deemed dividend from preferred accretion. Ex-accretion basic EPS was +$0.14.
← stream@CEPL solid