FINANCIAL PERFORMANCE (Q1 FY2026 - Ended Sept 30, 2025)
Revenue grew 11.7% YoY to \(49.2 million, driven primarily by Door Locking Devices (up 23.3%) and Recurring Service Revenue (\)23.4M). Gross Margin improved to 56.6%. Operating Income increased 15.1% to \(13.6M. Net Income rose 8.8% to \)12.2M, resulting in Diluted EPS of \(0.34 (up from \)0.30 YoY). Despite top-line growth, SG&A expenses rose significantly. The Effective Tax Rate increased to 16.9% (from 14.0%) due to a $342K discrete tax expense.
BALANCE SHEET & LIQUIDITY
The company maintains a strong liquidity profile, with Cash
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