The increase in total operating expenses was primarily driven by increases in personnel costs, insurance, travel, legal, and research and development costs.

Jan 5, 2023 / receipt, needs a key / Paul Wyckoff, CFO | earnings call 2023-01-05 | transcript 1f34e43a-1426-4bac-9f4b-7a218f306199 | chars 7249-7405 | segment 7

Industrial segment revenue up 13% in the first nine months of FY26 with expanded geographic footprint

ir_statement / Sep 17, 2026 / receipt

Security quarterly operating loss narrowed from $(3.0)M in Q1 to $(0.3)M in Q3 on completed cost reset

ir_statement / Sep 17, 2026 / receipt

Three acquisitions completed in calendar 2026: Invocon (Jan), Richland (Feb), Plant Engineering Services (Jul)

ir_statement / Sep 17, 2026 / receipt

Richland (Feb 2026) and PES (Jul 2026) expand footprint

ir_statement / Sep 17, 2026 / receipt

~$2.9M in corrections orders announced since May: $2M U.K. facility, $900K U.S. facility

ir_statement / Sep 17, 2026 / receipt

Operating loss narrowed from $(3.0)M in Q1 to $(0.3)M in Q3 as cost reductions took full effect

ir_statement / Sep 17, 2026 / receipt

Bolt-on acquisition pipeline remains active

ir_statement / Sep 17, 2026 / receipt

efficiency work underway

ir_statement / Sep 17, 2026 / receipt

PES acquisition completed July 1, 2026, expanding into Indiana

ir_statement / Sep 17, 2026 / receipt

Expected to add $8-10M revenue over next 12 months

ir_statement / Sep 15, 2026 / receipt

Exploring continued bolt-on growth

ir_statement / Sep 15, 2026 / receipt

Richland acquisition strengthens Southeast footprint (post-Q1)

ir_statement / Sep 15, 2026 / receipt