Trend
Revenue & Adjusted EBITDA — 24 months
All Subsidiaries
February 2026
Attainment vs Plan
Revenue96.8%
Gross Margin %101.2%
Adj. EBITDA101.4%
Sales Orders82.0%
Headcount108.9%
Plan Prior year
Cash cycle
Working Capital Efficiency
Inventory watch
DSO
Days Inventory on Hand
DPO
Cash conversion cycle
272 days
CGEP reporting
Covenant Compliance
Fixed Charge Coverage2.54xPass
min 1.20x · threshold placeholder
Senior Leverage1.35xPass
max 3.00x · threshold placeholder
Total Leverage2.37xPass
max 3.50x · threshold placeholder
Trailing twelve months
Growth Scorecard
| YoY Revenue Growth | +14.6% | |
| QoQ Revenue Growth | +6.3% | |
| Customer Growth Rate | +8.2% | |
| Headcount Growth Rate | +25.6% | |
| HC Growth vs Rev Growth | +11.0 pts | Watch |
Narrative
CFO Commentary — February 2026
- February revenue of $2.00M landed $397.7K under forecast, effectively all of it Pumps timing at Integrity — three shipments slipped past the 28th and are already invoiced in March.
- Margin held: gross margin of 49.6% to net sales beat the 48.9% forecast on favorable overhead absorption, and Adjusted EBITDA of $441.9K carries a 22.1% margin despite the revenue miss.
- Inventory days at 285 remain the primary working-capital drag — $8.02M tied up against a 272-day cash conversion cycle. This is the single largest lever available to us in FY26.
Last edited by D. Stauffer · Mar 6