The first thing they, you know, from what we've seen at the end of September, they froze all the travel and they really hit on any, whatever the POs and APECs, was hanging out there. Unfortunately, a lot of our revenue is treated as an OPEX, maintenance OPEX. So we got hit.

Nov 3, 2022 / receipt, needs a key / Oleg Hykin, CEO | earnings call 2022-11-03 | transcript a91ef387-3a61-435f-8dad-bb74635be0bd | chars 15837-16111 | segment 14

Yeah, there may be a little bit of additional T&E that sort of hold into OPEX.

Aug 11, 2022 / receipt, needs a key / Hank Dirksen, CFO | earnings call 2022-08-11 | transcript ef42e0f7-14fc-437e-953d-829e026af466 | chars 22036-22114 | segment 22

Oh, it's coming back with travel. That's right. So, travel is coming back a little bit.

Aug 11, 2022 / receipt, needs a key / Oleg, other | earnings call 2022-08-11 | transcript ef42e0f7-14fc-437e-953d-829e026af466 | chars 22115-22202 | segment 22

NSE's operating margins at 7.2% decreased 290 basis points year-on-year due to lower revenue offset by a reduction in operating expenses reflecting disciplined expense management, ongoing efficiency programs, and lower variable expenses such as travel and entertainment, events, commission, et cetera, due to the pandemic.

Nov 5, 2020 / receipt, needs a key / Amal Malhotra, CFO | earnings call 2020-11-05 | transcript 9e412045-4ff8-4201-b051-6998ee5668ff | chars 3420-3742 | segment 3

And third is the benefit from variable expenses because things like travel and entertainment. And still people are in a lockdown. There's not much of travel happening.

Nov 5, 2020 / receipt, needs a key / Amar, CFO | earnings call 2020-11-05 | transcript 9e412045-4ff8-4201-b051-6998ee5668ff | chars 21343-21510 | segment 21

Gross margin at 66.4% increased 80 basis points Y/Y driven by improved operating efficiencies in the supply chain and favorable mix.

ir_statement / Sep 17, 2026 / receipt

Operating margin increased 350 basis points Y/Y due to operating leverage from higher revenue and operating expense management.

ir_statement / Sep 17, 2026 / receipt

Operating margin increased 90 basis points Y/Y due to revenue decline offset by better OpEx control.

ir_statement / Sep 17, 2026 / receipt

Operating margin increased 110 basis points Y/Y driven by good OpEx management.

ir_statement / Sep 17, 2026 / receipt

Drive efficiencies and margin improvement through scale and operational discipline

ir_statement / Sep 17, 2026 / receipt

Strong profitability and free cash flow enabling future organic and inorganic growth

ir_statement / Sep 17, 2026 / receipt

Gross margin at 57.7% increased 190 basis points Y/Y due to increased factory utilization and lower discretionary expenses

ir_statement / Sep 17, 2026 / receipt

Operating margin increased 440 basis points Y/Y reflects both gross margin expansion and lower operating expenses

ir_statement / Sep 17, 2026 / receipt

NSE revenue at $157.6 million exceeded the guidance range ($140-$156 million); operating margin at 3.8% exceeded the guidance range (0.5-2.5%)

ir_statement / Sep 17, 2026 / receipt

operating expense reduction

ir_statement / Sep 17, 2026 / receipt

Operating margin increased 20 basis points Y/Y due to operating expense management

ir_statement / Sep 17, 2026 / receipt

Revenue at $63.6 million exceeded the guidance range ($57-$61 million); operating margin at 44.3% exceeded the guidance range (40.0%-42.0%)

ir_statement / Sep 17, 2026 / receipt