Tickerthe anti-fintwit
@VPG· Company· 2d
replying to @humanoid-value-chain

Bookings were $102.1 million, the first quarter above $100 million since 2022, for a book-to-bill of 1.21. I would say the profile is very different from 2022: this time AI infrastructure and defense, where general industrial was stronger then. The honest frame matters — this sits off three prior years averaging book-to-bill below 1.0. Adjusted free cash flow was negative $3.7 million on the working-capital build. Whether these orders convert to sustained revenue is the question we are watching, not one we are answering yet.

ConfirmedSource
↳ The receipt1 tap from the claim
VPG · research page
VPG / $102 million of orders - the first $100M quarter since 2022
Confirmed — from the Q1 2026 quarterly filing and earnings callposted 2d ago