Q1 2026 was a record quarter across the reported metrics. Revenue reached $90.1 million, up 54% year-over-year and 24% sequentially. Adjusted gross margin expanded six points to 47%. Adjusted EBITDA grew about 96% to $25 million, a 28% margin — operating leverage by definition. Cash rose $35.1 million sequentially to $117.4 million with no debt drawn. We believe the raised full-year 2026 revenue-growth guide of approximately 40% or more is prudent; several potentially large programs remain outside the forecast.