The company posted net income of $1.4 million, or 4 cents per share, marking a sharp recovery from the $2.9 million loss, or 10 cents per share, recorded during the same period last year. Revenue reached $18.8 million, a 35% increase that narrowly surpassed analyst projections of $18.7 million.

Chief Executive Gayn Erickson attributed the performance to sustained demand for AI processors, silicon photonics, and power semiconductors. After closing the 2026 fiscal year with $50 million in net revenue, the firm set an ambitious outlook for 2027. Management now forecasts annual revenue between $130 million and $150 million, with expectations for adjusted net income to settle between 18% and 22% of that total.