L
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Office of the Controller
Board Confidential
Quarterly Financial Report

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Revenue
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▲ 14.3% YoY
Operating Income
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▲ 21.0% YoY
Net Income
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11.6% margin
Cash & Equiv.
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▲ $3.1M QoQ
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01
Financial Highlights
Three months ended Jun 30, 2026

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Gross Margin
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▲ 80 bps YoY
Operating Margin
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▲ 90 bps YoY
Diluted EPS
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▲ from $0.34
Current Ratio
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▲ from 2.1×

Revenue by Quarter ($M)

42.2
Q2'25
43.8
Q3'25
45.1
Q4'25
46.0
Q1'26
48.2
Q2'26

Performance vs. Plan ($000s)

Measure
Plan
Actual
Var.
Net revenue
47,500
48,210
+1.5%
Operating income
7,300
7,870
+7.8%
Net income
5,200
5,600
+7.7%
Free cash flow
3,600
4,200
+16.7%
Bottom Line

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{{ company_f }} · Q2 2026 Financial Report
Highlights · Page 2 of 5
02
Statement of Operations
Unaudited · $000s

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Line item
Q2 2025
Q2 2026
% Rev
Net revenue
42,180
48,210
100.0%
Cost of revenue
(24,360)
(27,430)
56.9%
Gross profit
17,820
20,780
43.1%
Research & development
(6,120)
(6,840)
14.2%
Sales & marketing
(3,940)
(4,210)
8.7%
General & administrative
(1,240)
(1,860)
3.9%
Operating income
6,520
7,870
16.4%
Interest & other, net
(380)
(310)
0.6%
Income tax provision
(1,540)
(1,960)
4.1%
Net income
4,600
5,600
11.6%
Margin Commentary

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Tax & Below the Line

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Revenue Growth
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YoY
Op. Income Growth
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YoY
Net Income Growth
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YoY
Eff. Tax Rate
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vs 25.1% PY

Revenue by Segment ($000s)

Reportable segment
Q2 2025
Q2 2026
Growth
Sensor Modules
24,800
27,920
+12.6%
Helix Product Family
9,640
12,410
+28.7%
Service & Support
5,360
5,490
+2.4%
Legacy & Other
2,380
2,390
+0.4%
Total net revenue
42,180
48,210
+14.3%
Segment Commentary

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{{ company_f2 }} · Q2 2026 Financial Report
Operations · Page 3 of 5
03
Balance Sheet Highlights
As of Jun 30, 2026 · $000s

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Assets

Line item
Mar 31
Jun 30
Cash & equivalents
19,300
22,400
Accounts receivable
14,820
15,640
Inventory
11,460
10,980
PP&E, net
28,140
28,720
Other assets
6,210
6,340
Total assets
79,930
84,080

Liabilities & Equity

Line item
Mar 31
Jun 30
Accounts payable
9,640
9,210
Accrued liabilities
5,180
5,470
Long-term debt
14,200
12,800
Other liabilities
3,910
3,840
Shareholders' equity
47,000
52,760
Total L & E
79,930
84,080
Current Ratio
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▲ from 2.1×
Debt / Equity
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▼ from 0.30
Days Sales O/S
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▼ 2 days
Book Value/Sh.
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▲ from $3.44

Shareholders' Equity — Five-Quarter Trend ($M)

42.8
Q2'25
44.5
Q3'25
45.9
Q4'25
47.0
Q1'26
52.8
Q2'26
Position Commentary

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Working Capital

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{{ company_f3 }} · Q2 2026 Financial Report
Position · Page 4 of 5
04
Cash Flow & Outlook
Quarter ended Jun 30, 2026

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Cash Flow Bridge ($000s)

Opening cash (Apr 1)
19,300
Cash from operations
+7,640
Capital expenditure
−3,420
Debt repayment
−1,400
Other financing, net
−720
Closing cash (Jun 30)
22,400
Free Cash Flow

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Outlook

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Free Cash Flow
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67% of net income
FCF Margin
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▲ 110 bps YoY
Net Debt
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net cash position
Liquidity
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cash + undrawn line

Capital Allocation — Quarter ($000s)

Use of cash
Amount
% of OCF
Line-three automation (capex)
(3,420)
44.8%
Scheduled debt amortization
(1,400)
18.3%
Working-capital investment
(720)
9.4%
Retained to balance sheet
2,100
27.5%
Operating cash flow deployed
7,640
100.0%
Covenant Compliance

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Controller's Note

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Controller · Prepared
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Chief Financial Officer · Reviewed
{{ company_f4 }} · Q2 2026 Financial Report
Cash Flow · Page 5 of 5