| Stage | GRC | % of rev | TWIN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $193M | 100.00% | $114M | 100.00% | GRC ×1.69 |
| Gross profit | $65M | 33.39% | $30M | 26.34% | GRC +7.1pp |
| Operating income | $34M | 17.54% | $8M | 6.83% | GRC +10.7pp |
| Pre-tax income | $30M | 15.44% | $7M | 6.06% | GRC +9.4pp |
| Net income | $23M | 11.75% | $2M | 1.70% | GRC +10.0pp |
| Stage | GRC | TWIN | Gap · A − B |
|---|---|---|---|
| Revenue | $193M100.00% | $114M100.00% | GRC ×1.69 |
| Gross profit | 33.39%$65M | 26.34%$30M | GRC +7.1pp |
| Operating income | 17.54%$34M | 6.83%$8M | GRC +10.7pp |
| Pre-tax income | 15.44%$30M | 6.06%$7M | GRC +9.4pp |
| Net income |
| 11.75%$23M |
| 1.70%$2M |
| GRC +10.0pp |
No disclosed counterparties: GRC, TWIN.