On the OPEX side, we were up 4% on OPEX. Key contributors there were with lower investment income during the year. Again, decline in interest rates led to that. although we did make continued investments in trade shows, as well as increasing our R&D spend, predominantly in the CAPS area, but spending more there.

Dec 18, 2025 / CFO / receipt, needs a key / Jim Curry, CFO | earnings call 2025-12-18 | transcript 2c25867a-f98e-41f1-ace5-b5bc245b6699 | chars 5838-6151 | segment 6

On the OPEX side, we are continuing to invest in our sales and marketing. We are attending OPEX. We did attend additional trade shows, again, trying to promote both of our businesses. R&D spending is up. Again, we want to make sure that we are investing in new products and launching new products on an ongoing basis.

Aug 14, 2025 / CFO / receipt, needs a key / Jim Curry, CFO | earnings call 2025-08-14 | transcript dafed060-779b-4028-a7b9-4016b9e941b0 | chars 3763-4080 | segment 3