The biggest changes in the 10-K filed 2025-12-11, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Cash from operations
-966.2% Big change FY to 2025-09-30 vs 2024-09-30The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Operating margin
-10.8% → -46.1% (-35.4 pts) Big change FY to 2025-09-30 vs 2024-09-30The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Gross margin
25.9% → 28.5% (+2.6 pts) Big change FY to 2025-09-30 vs 2024-09-30“a reduction in gross margin from 25.9% in Fiscal 2024 to 5.7% in Fiscal 2025, driven by lower utilization rates, partially mitigated by”
Read it in the 10-K ↗
Revenue
-9.0% FY to 2025-09-30 vs 2024-09-30“Fiscal 2024 to Fiscal 2025 resulted from a $6,385,000 decline in design segment revenue, primarily attributable to the loss of a major”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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