| Stage | VSEC | % of rev | LSCC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $449M | 100.00% | $201M | 100.00% | VSEC ×2.23 |
| Gross profit | $76M | 17.02% | $141M | 70.29% | LSCC +53.3pp |
| Operating income | $49M | 10.90% | $22M | 11.12% | LSCC +0.2pp |
| Pre-tax income | $39M | 8.74% | $17M | 8.56% | VSEC +0.2pp |
| Net income | $29M | 6.35% | $19M | 9.63% | LSCC +3.3pp |
| Stage | VSEC | LSCC | Gap · A − B |
|---|---|---|---|
| Revenue | $449M100.00% | $201M100.00% | VSEC ×2.23 |
| Gross profit | 17.02%$76M | 70.29%$141M | LSCC +53.3pp |
| Operating income | 10.90%$49M | 11.12%$22M | LSCC +0.2pp |
| Pre-tax income | 8.74%$39M | 8.56%$17M | VSEC +0.2pp |
| Net income |
| 6.35%$29M |
| 9.63%$19M |
| LSCC +3.3pp |
No shared counterparties.