| Stage | PAYS | % of rev | NRDS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $28M | 100.00% | $197M | 100.00% | NRDS ×6.98 |
| Gross profit | $18M | 63.35% | $184M | 93.21% | NRDS +29.9pp |
| Operating income | $7M | 24.82% | $7M | 3.55% | PAYS +21.3pp |
| Pre-tax income | $8M | 27.98% | $7M | 3.70% | PAYS +24.3pp |
| Net income | $7M | 23.92% | $4M | 2.18% | PAYS +21.7pp |
| Stage | PAYS | NRDS | Gap · A − B |
|---|---|---|---|
| Revenue | $28M100.00% | $197M100.00% | NRDS ×6.98 |
| Gross profit | 63.35%$18M | 93.21%$184M | NRDS +29.9pp |
| Operating income | 24.82%$7M | 3.55%$7M | PAYS +21.3pp |
| Pre-tax income | 27.98%$8M | 3.70%$7M | PAYS +24.3pp |
| Net income |
| 23.92%$7M |
| 2.18%$4M |
| PAYS +21.7pp |
No disclosed counterparties: PAYS, NRDS.