As discussed in “Note (2) Summary of Significant Accounting Policies; (b) Revision of Previously Issued Interim Financial Statements,” in preparing the Consolidated Financial Statements as of and for the three and six months ended June 30, 2026, we identified errors in our previously issued interim financial statements related to the overstatement of ending inventory and understatement of cost of revenue at Alfamation™, which is a part of our Electronic Test segment, along with resultant changes to consolidated gross profit, income tax expense, net income, comprehensive earnings, retained earnings and earnings per share. The following tables reflect the impact of the revision to the specific line items presented in our previously issued interim financial statements.


	March 31, 2026
(in thousands)	As Previously Reported		Revision		As Revised
Consolidated Balance Sheet
Inventories	$	30,451	$	(750)	$	29,701
Total current assets	79,625		(750)		78,875
Total assets	150,767		(750)		150,017

Domestic and foreign income taxes payable	734		(144)		590
Total current liabilities	35,832		(144)		35,688
Total liabilities	46,298		(144)		46,154

Retained earnings	43,349		(606)		42,743
Total stockholders' equity	104,469		(606)		103,863
Total liabilities and stockholders' equity	150,767		(750)		150,017


	Three Months Ended March 31, 2026
(in thousands, except per share amounts)	As Previously Reported		Revision		As Revised
Consolidated Statement of Operations
Cost of revenue	$	18,478	$	750	$	19,228
Gross profit	15,408		(750)		14,658
Operating income	954		(750)		204
Earnings before income tax expense	977		(750)		227
Income tax expense	188		(144)		44
Net earnings	789		(606)		183

Earnings per common share - basic	$	0.06	$	(0.05)	$	0.01
Earnings per common share - diluted	$	0.06	$	(0.05)	$	0.01


	Three Months Ended March 31, 2026
(in thousands)	As Previously Reported		Revision		As Revised
Consolidated Statement of Comprehensive Income
Net earnings	$	789	$	(606)	$	183
Comprehensive earnings (loss)	50		(606)		(556)


	March 31, 2026
(in thousands)	As Previously Reported	Revision	As Revised
Consolidated Statement of Stockholders’ Equity
Net earnings	789	(606)	183

Total retained earnings	43,349	(606)	42,743
Total stockholders' equity	104,469	(606)	103,863


	Three Months Ended March 31, 2026
(in thousands)	As Previously Reported		Revision		As Revised
Consolidated Statement of Cash Flows
Net earnings	$	789	$	(606)	$	183
Change in Inventories	621		750		1,371
Change in Domestic and foreign income taxes payable	858		(144)		714