Reported results
- Total revenue for the third quarter was $30.6 million, up 10% year over year.
- Gross margin was 62%, compared with 56% in the prior-year period.
- GAAP loss from continuing operations was $0.3 million, or $0.02 per diluted share.
- Non-GAAP adjusted net income from continuing operations was $3.9 million, or $0.29 per diluted share.
- Non-GAAP adjusted EBITDA was $5.1 million.
- Commercial Channel revenue was $14.0 million, up approximately 17% year over year, while OEM Channel revenue was $16.6 million, up approximately 5% year over year.
Guidance
- Full-year 2026 Total Company revenue growth: 6% to 10%
- Full-year 2026 OEM Channel revenue growth: 5% to 9%
- Full-year 2026 Commercial Channel revenue growth: 9% to 13%
- Full-year 2026 non-GAAP Adjusted EBITDA margin: 15% to 17%
- Full-year 2027 Total Company revenue growth: Flat to 5%
- Full-year 2027 OEM Channel revenue growth: Flat to modestly lower
- Full-year 2027 Commercial Channel revenue growth: 5% to 15%
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.
