Recurring Consumables RevenueA 20% increase in recurring consumables and service revenue implies durable, usage-linked cash flows tied to installed trophon units. This razor-and-blades model creates predictable high-margin repeat revenue, supports long-term margin stability, funds R&D and regional expansion, and reduces revenue cyclicality.
High Gross MarginSustained gross margins above 75% reflect strong product economics from proprietary consumables and platform differentiation. High unit economics provide a buffer against input cost pressures, enable reinvestment in product development and commercialization, and support margin resilience over the medium term.
Strong Balance Sheet & Cash GenerationVery low leverage and a strong equity base, combined with improved free cash flow growth (~27.9%) and efficient operating cash conversion, give the company financial flexibility. This supports continued capex for manufacturing, funding of innovation, and insulation against cyclical downturns or tariff shocks.