Financial insights of VSEC

MyFinsight

For the quarter ending 2026-03-31.

Income Statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Earn-out receivable fair value adjustments	-	-40,700*	23,300	-
Total revenues	324,580	301,182	282,909	272,139
Lease abandonment and termination costs	-	0*	0	0
Costs and operating expenses-Product	164,292	213,098*	147,682	144,828
Costs and operating expenses-Service	112,289	87,761*	94,486	89,795
Selling, general and administrative expenses	6,201	1,846	667	8,516
Amortization of intangible assets	9,050	6,687	6,687	6,487
Total costs and operating expenses	291,832	268,691	272,822	249,626
Operating income	32,748	32,491	10,087	22,513
Interest expense, net	-	1,833	4,339	6,445
Interest (income) expense, net	1,402	-	-	-
Income from continuing operations before income taxes	34,150	30,658	5,748	16,068
Provision for income taxes	5,095	8,362	2,157	2,430
Net income from continuing operations	29,055	22,296	3,591	13,638
Revenues	-	75,358*	-	-
Costs and operating expenses	-	71,811*	-	-
Income from discontinued operations	-	3,547*	-	-
Other impairment	-	15,827*	-	-
Gain on the sale of discontinued operations	-	6,303*	-	-
(loss) income from discontinued operations before income taxes	-	-5,977*	-	-
(benefit) provision for income taxes	-	2,752*	-	-
Loss from discontinued operations, net of tax	0	-8,729	321	-10,441
Net income (loss)	29,055	13,567	3,912	3,197

Basic EPS	1.06	0.601	0.19	0.15
Diluted EPS	1.04	0.597	0.19	0.16
Basic Average Shares	27,497,210	22,585,373	20,681,203	20,670,239
Diluted Average Shares	27,834,475	22,726,648	20,756,508	20,731,397

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.