Conservative Balance SheetVery low leverage and a high equity ratio provide durable financial flexibility. This conservatism supports investment in production tooling and R&D, cushions cyclic downturns in end markets, and reduces refinancing risk, enabling multi-year OEM programs to be funded internally.
Strong Cash Generation And FCF ConversionExceptional cash conversion and a large uptick in free cash flow indicate the business reliably turns accounting profits into cash. Durable cash generation supports capital expenditures, cushions cyclical volatility, funds design-in investments, and lowers dependence on external financing over the medium term.
Consistent Revenue Growth With Solid Gross MarginsRepeated top-line growth with nearly 19% gross margins signals operational efficiency and demand for antenna and RF products. Sustained revenue trends and healthy gross margins support scalable profitability as series production volumes rise across OEM and communications customers.