| Stage | IIIN | % of rev | WOR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $209M | 100.00% | $344M | 100.00% | WOR ×1.64 |
| Gross profit | $21M | 10.05% | $91M | 26.43% | WOR +16.4pp |
| Operating income | $10M | 4.75% | $13M | 3.79% | IIIN +1.0pp |
| Pre-tax income | $10M | 4.87% | $56M | 16.17% | WOR +11.3pp |
| Net income | $8M | 3.69% | $43M | 12.38% | WOR +8.7pp |
| Stage | IIIN | WOR | Gap · A − B |
|---|---|---|---|
| Revenue | $209M100.00% | $344M100.00% | WOR ×1.64 |
| Gross profit | 10.05%$21M | 26.43%$91M | WOR +16.4pp |
| Operating income | 4.75%$10M | 3.79%$13M | IIIN +1.0pp |
| Pre-tax income | 4.87%$10M | 16.17%$56M | WOR +11.3pp |
| Net income |
| 3.69%$8M |
| 12.38%$43M |
| WOR +8.7pp |
No disclosed counterparties: IIIN, WOR.