Revenue surges 86% to $191.9M on AI data center demand; net loss widens 150% on non-operating drags

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Revenue grew 86.4% YoY to $191.9M driven by 146% data center growth (AI infrastructure buildouts), while CATV revenue decelerated to 22% growth from 728% in the prior year as the MSO upgrade cycle normalized.

  MD&A: Revenue by Market verify on EDGAR →
• high

  Net loss widened 150.4% to -$22.8M (-$0.28 EPS) while operating loss widened only 55% to -$24.7M — the net-income deterioration came from below-the-line drags totaling -$4.9M (non-operating/other -$3.6M, income tax -$1.3M), not from operations.

  MD&A: Operating Results & Key Signals verify on EDGAR →
• high

  Gross margin compressed 210 bp to 28.3% despite revenue growth, driven by higher direct material, labor, and manufacturing costs associated with rapid volume ramp and product mix shifts toward lower-margin data center SKUs.

  MD&A: Gross Margin verify on EDGAR →