| Stage | NABL | % of rev | EVCM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $138M | 100.00% | $152M | 100.00% | EVCM ×1.10 |
| Gross profit | $106M | 76.83% | $152M | 100.00% | EVCM +23.2pp |
| Operating income | $16M | 11.92% | $17M | 11.49% | NABL +0.4pp |
| Pre-tax income | $8M | 5.59% | $11M | 7.36% | EVCM +1.8pp |
| Net income | $2M | 1.27% | $10M | 6.39% | EVCM +5.1pp |
| Stage | NABL | EVCM | Gap · A − B |
|---|---|---|---|
| Revenue | $138M100.00% | $152M100.00% | EVCM ×1.10 |
| Gross profit | 76.83%$106M | 100.00%$152M | EVCM +23.2pp |
| Operating income | 11.92%$16M | 11.49%$17M | NABL +0.4pp |
| Pre-tax income | 5.59%$8M | 7.36%$11M | EVCM +1.8pp |
| Net income |
| 1.27%$2M |
| 6.39%$10M |
| EVCM +5.1pp |
None
No disclosed counterparties: NABL.