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Get filing alertsCritical incident detected
Regulatory enforcement action
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Cease-and-desist Order (new) — CEO Brett Larsen consented to an SEC cease-and-desist order resolving books-and-records and internal controls charges.
- Material Weakness (improved) — Previously identified material weaknesses are now considered remediated, with internal controls effective as of June 27, 2026.
Key Tronic swings to $14.7M operating loss as revenue falls 17.4% to $386.7M
Filed September 24, 2026 · Period ending June 27, 2026 · Compared to 10-K Sep 17, 2025 · ~1 min read
Key Changes
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high
Net loss widened to $47.8M from $8.3M, driven by a $28.4M deferred tax valuation allowance and $10.4M in customer collection charges.
MD&A verify on EDGAR → -
high
Operating income swung from a $562K profit to a $14.7M loss; gross margin fell to 6.2% from 7.8%.
MD&A verify on EDGAR → -
high
Borrowing capacity fell to $16.5M from $25.0M, with covenant blocks further limiting access; debt-to-equity nearly doubled to 1.54.
Notes verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 26, 2026 · How we verify