continued to take hold and provide a solid foundation from which we can expand once the production order for the Army radio test program is received, which we expect in the next several weeks. Bookings for test systems were $26.1 million, resulting in a book-to-

Jul 30, 2026 / receipt

First of all, demand has been and continues to be just really strong, and for us, Airline demand or travel has been strong everywhere. You see this in pretty much any metric if you follow the aerospace industry. The one exception being China. International travel in and out of China remains pretty weak, but in most other major parts of the world, travel is near or at or even above where it was in 2019 before the pandemic hit.

Feb 28, 2024 / receipt, needs a key / Pete Gunderman, CEO | earnings call 2024-02-28 | transcript 0db64933-831f-4a78-938d-544b4cf8b360 | chars 4064-4493 | segment 4

Geographically, the recovery in the commercial airline industry has been driven by the US and by Europe. Asia has lagged. China is obviously a very popular location in Asia. It's hard for the industry worldwide to recover without China recovering and China opening up to less strenuous travel restrictions as they did in early December, we think it's going to have a very positive impact on our industry overall.

Mar 2, 2023 / receipt, needs a key / Pete Gunderman, CEO | earnings call 2023-03-02 | transcript ab1d744e-afd3-404b-9bcb-3b536db0f424 | chars 8897-9309 | segment 9

People are traveling. Travel restrictions are coming down. We talked about China. Certainly, I assume a majority of people on the call have been on commercial airplanes over the last couple months. They are packed and loaded, and it doesn't seem to matter where you are or where you're going. So people want to travel, and as long as COVID seems tame and with China opening up, we expect solid growth in our markets or solid demand in our markets.

Mar 2, 2023 / receipt, needs a key / Pete, CEO | earnings call 2023-03-02 | transcript ab1d744e-afd3-404b-9bcb-3b536db0f424 | chars 23596-24043 | segment 24

We're not talking about it a whole lot on this call, but we're seeing many signs of increased wide body activity. travel also these days, which is very exciting. And bookings took off up to 160, 180, and in the last quarter, 184 million.

Nov 15, 2022 / receipt, needs a key / Pete Gunderman, CEO | earnings call 2022-11-15 | transcript 92ababf1-e562-48a5-86ea-a9cbe80a8ab8 | chars 18603-18840 | segment 19

But we are encouraged by the current easing of international travel restrictions, particularly in the US, which should pick up or should promote wide-body utilization as we close out 2021 and enter 2022.

Nov 8, 2021 / receipt, needs a key / Pete Gunderman, CEO | earnings call 2021-11-08 | transcript f4b4ed10-5aa2-4234-bfe6-c18c6914cdff | chars 8048-8251 | segment 8

And so, yeah, they cut the production rate. That hurts, no doubt about it. The wide-body production market in general between rate reductions in Airbus and rate reductions at Boeing and delays on the 777 is not helpful, obviously. And it's disappointing that the major destinations in the world with the Delta variant are having a hard time opening up their doors because I think vaccinated people anyway want to travel.

Aug 6, 2021 / receipt, needs a key / Pete, other | earnings call 2021-08-06 | transcript e2b1e78b-9ec6-4170-bd43-fda94af2388f | chars 29990-30410 | segment 30

And if and when we get travel bubbles or something of that sort between, say, U.S. and Europe or Europe and China, we think there's going to be a bit of a pickup in the wide body also.

May 6, 2021 / receipt, needs a key / Pete, CEO | earnings call 2021-05-06 | transcript bdbd4092-edbd-4b9f-81e7-9e4af072e0cf | chars 25547-25731 | segment 25

Expect 2026 Test revenue around $90 million including approximately $20 million from 4549/T program

ir_statement / Sep 16, 2026 / receipt

Restructuring brought business to about breakeven at just ~$19 million in quarterly sales

ir_statement / Sep 16, 2026 / receipt

Margin Expansion on Volume, Price, Productivity

ir_statement / Sep 16, 2026 / receipt

Operational improvements

ir_statement / Sep 16, 2026 / receipt

2026 ERP investment: $15 million to $17 million; $2 million to $3 million in operating expenses and remainder as cash outflow in 2026

ir_statement / Sep 16, 2026 / receipt

Total cost of ERP thru 2030: $35 million to $40 million with ~$25 million capitalized

ir_statement / Sep 16, 2026 / receipt

Income tax expense 1,185 10,345

ir_statement / Sep 16, 2026 / receipt

Interest expense 11,747 19,389

ir_statement / Sep 16, 2026 / receipt

Litigation-related legal expenses 7,677 19,027

ir_statement / Sep 16, 2026 / receipt

Loss extinguishment of debt 32,644 10,148

ir_statement / Sep 16, 2026 / receipt

Warranty reserve 1,637 5,217

ir_statement / Sep 16, 2026 / receipt

Expect 2026 Test revenue around $90 million including approximately $20 million from 4549/T program

ir_statement / Sep 16, 2026 / receipt