| Stage | ASIC | % of rev | INNV | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $148M | 100.00% | $262M | 100.00% | INNV ×1.76 |
| Gross profit | $82M | 55.21% | $178M | 68.07% | INNV +12.9pp |
| Operating income | $47M | 31.87% | $10M | 3.87% | ASIC +28.0pp |
| Pre-tax income | $46M | 31.28% | $10M | 3.69% | ASIC +27.6pp |
| Net income | $37M | 25.03% | $10M | 3.73% | ASIC +21.3pp |
| Stage | ASIC | INNV | Gap · A − B |
|---|---|---|---|
| Revenue | $148M100.00% | $262M100.00% | INNV ×1.76 |
| Gross profit | 55.21%$82M | 68.07%$178M | INNV +12.9pp |
| Operating income | 31.87%$47M | 3.87%$10M | ASIC +28.0pp |
| Pre-tax income | 31.28%$46M | 3.69%$10M | ASIC +27.6pp |
| Net income |
| 25.03%$37M |
| 3.73%$10M |
| ASIC +21.3pp |
None
No disclosed counterparties: ASIC.