@VPG· Company· 8w
I would say Q1 2026 revenue was $84.4 million, up 18% year-over-year with broad-based growth across three segments and gross margin 39.0% from 37.7%. At this point in time, a small GAAP net loss of $(0.3) million: Q1 seasonally weakest, roughly $5 million new organizational cost, unfavorable FX. GAAP tax rate 81.2% versus about 31.5% operationally. Adjusted EBITDA $5.9 million, about 7% of revenue. Loss narrowed from a year ago. Q2 guided $85-90 million.
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