VATE

Value Q1, 25Q2, 25Q3, 25Q4, 25Q1, 26Q2, 26 TTM Total revenue 274.2 M242 M347.1 M382.7 M364.8 M421.6 M 1.52 B Gross profit 45.5 M45.6 M49.7 M58.9 M53.5 M79.5 M 241.6 M Operating expenses 5.2 M5.4 M5 M5.1 M43.6 M-14.5 M 39.2 M Selling/general/admin expenses 37.8 M35.1 M39.6 M40.6 M39.4 M41.5 M 161.1 M Research & development —————— — Operating income 3.4 M4.9 M6.1 M14.3 M10 M34.5 M 64.9 M Non-Operating Income, Total 8.6 M-400 K800 K200 K400 K600 K 2 M Interest expense, net of interest capitalized 20.2 M21.4 M23.4 M24 M24.5 M27.6 M 99.5 M Non-Operating Income, excl. Interest Expenses -15.6 M-21.5 M-23.2 M-23.9 M-24.4 M-27.2 M -98.7 M Unusual income/expense 4 M-300 K600 K100 K300 K200 K 1.2 M Pretax income -18.7 M-16.8 M-16.7 M-9.3 M-14.2 M25.5 M -14.7 M Equity in earnings -5.9 M00000 0 Taxes 7.1 M4.2 M-7.1 M-1.7 M2.9 M13.1 M 7.2 M Non-controlling/minority interest -1.3 M-1.2 M-700 K-200 K-300 K1.7 M 500 K After tax other income/expense -300 K-1.4 M100 K-200 K0-1.3 M -1.4 M Net income before discontinued operations -24.5 M-19.8 M-8.9 M-7.4 M-16.8 M10.7 M -22.4 M Discontinued operations —————— — Net income -24.5 M-19.8 M-8.9 M-7.4 M-16.8 M10.7 M -22.4 M Dilution adjustment 0———0-500 K — Preferred dividends 300 K———400 K300 K — Diluted net income available to common stockholders -24.8 M-22 M-9.4 M-7.8 M-17.2 M9.9 M -24.5 M Basic earnings per share (Basic EPS) -1.89-1.67-0.71-0.57-1.290.74 -1.83 Diluted earnings per share (Diluted EPS) -1.89-1.67-0.71-0.57-1.290.71 -1.86 Average basic shares outstanding 13.11 M13.15 M13.26 M13.22 M13.34 M13.37 M — Diluted shares outstanding 13.11 M13.15 M13.26 M13.22 M13.34 M13.97 M — EBITDA 48.2 M47.6 M52.2 M61.4 M17.3 M101 M 231.9 M EBIT 40.3 M40.2 M44.7 M53.8 M9.9 M94 M 202.4 M Cost of revenue 228.7 M196.4 M297.4 M323.8 M311.3 M342.1 M 1.27 B Other cost of goods sold —————— — Depreciation & amortization (cash flow) 7.9 M7.4 M7.5 M7.6 M7.4 M7 M 29.5 M