| Stage | PEN | % of rev | TECH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $410M | 100.00% | $321M | 100.00% | PEN ×1.28 |
| Gross profit | $280M | 68.34% | $211M | 65.82% | PEN +2.5pp |
| Operating income | $51M | 12.37% | $74M | 23.13% | TECH +10.8pp |
| Pre-tax income | $56M | 13.73% | $71M | 22.01% | TECH +8.3pp |
| Net income | $42M | 10.31% | $55M | 17.01% | TECH +6.7pp |
| Stage | PEN | TECH | Gap · A − B |
|---|---|---|---|
| Revenue | $410M100.00% | $321M100.00% | PEN ×1.28 |
| Gross profit | 68.34%$280M | 65.82%$211M | PEN +2.5pp |
| Operating income | 12.37%$51M | 23.13%$74M | TECH +10.8pp |
| Pre-tax income | 13.73%$56M | 22.01%$71M | TECH +8.3pp |
| Net income |
| 10.31%$42M |
| 17.01%$55M |
| TECH +6.7pp |