Customer Concentration and Revenue Sources - As of September 30, 2025, two customers represented 15% and 13% of accounts receivable, indicating a concentration risk in customer relationships [103]. - In 2025, 71% of net revenue came from international customers, with Asia contributing 55% (including China at 22%) and Europe at 15% [107]. - The company relies on a limited number of customers, which poses a financial risk if any major customer reduces orders or cancels agreements [101]. Market and Economic Risks - The semiconductor equipment industry is highly cyclical and volatile, affecting demand and profitability significantly [86]. - The company faces significant risks from economic downturns and political instability in key markets such as China, Russia, and Ukraine, which could adversely affect capital equipment investment patterns [108]. - Uncertain global economic conditions, particularly slowing growth in China, Europe, and the U.S., may lead to reduced customer orders and negatively impact net sales and backlog [111]. Competition and Industry Challenges - The company faces intense competition from larger manufacturers with greater resources, which may impact its market position [89]. - Competition from Asian suppliers presents challenges due to their lower operating and shipping costs, as well as favorable government policies [108]. - The company must continually innovate to meet customer requirements in the rapidly changing semiconductor industry, which involves long development cycles [144]. Financial and Operational Risks - The company terminated its existing credit facility in September 2024, raising concerns about future financing availability [90]. - Manufacturing interruptions or delays could lead to higher costs and affect the ability to meet customer demand [104]. - Supplier capacity constraints and production disruptions could increase operating costs and impact the competitive position of the company's products [113][114]. - The company identified material weaknesses in internal controls over financial reporting, particularly in IT general controls and non-routine transactions, which could lead to misstatements in financial statements [119][120]. - The company maintains cash deposits exceeding federally insured limits, exposing it to liquidity risks in the event of bank failures or adverse developments affecting financial institutions [116][118]. Regulatory and Compliance Risks - The company is subject to various tax regulations, including potential increases in tax rates and disputes over transfer pricing, which could adversely affect earnings and cash flows [117]. - Compliance with evolving corporate governance and regulatory requirements may increase operational costs and scrutiny, impacting the company's ability to attract qualified board members and executives [122]. - The company operates in high-risk jurisdictions, particularly in Asia, where anti-corruption laws may raise legal compliance risks and impact business operations [126][127]. - The company is subject to expanded export control restrictions that could negatively impact its business in China, particularly in the semiconductor industry [136]. Intellectual Property and Litigation Risks - The company has significant investments in proprietary rights, including various U.S. and international patents, but faces risks of costly litigation and potential loss of value [145]. - The company may be involved in securities litigation due to market price volatility, which could result in substantial costs and divert management's attention [138]. - Intellectual property litigation could result in substantial damages, including treble damages for willful infringement, and may divert management's attention from business operations [148]. - The company has received claims regarding potential intellectual property infringements that could lead to costly litigation [149]. Shareholder and Governance Issues - The influence of major shareholders may conflict with the interests of other shareholders, potentially impacting corporate decisions [153]. - Provisions in the company's governing documents may deter takeovers and limit shareholder influence over management changes [155]. - The company is governed by Arizona law, which may delay or prevent changes in control and affect the stock price [157]. - The common stock price has experienced significant volatility, ranging from $10.25 to $3.20 over the two-year period ended September 30, 2025 [150]. Environmental and Social Responsibility Risks - The company faces inherent risks of liability under environmental laws, which may result in material costs for compliance and remediation [130]. - The company may face difficulties in satisfying customer demands related to corporate social and environmental responsibility, potentially harming sales [140].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Delaware 22-3415036 (State or other jurisdiction of incorporation or organization) 520 Broad Street, Newark, New Jersey 07102 (Address of principal executive offices) (Zip Code) (973) 438-1000 (Registrant's telephone number, including area code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...

Financial Performance - Net sales for the thirteen weeks ended November 1, 2025, increased to $197,091,000, up from $179,066,000 for the same period in 2024, representing a growth of 10.3%[10] - For the thirty-nine weeks ended November 1, 2025, net sales reached $589,569,000, compared to $541,907,000 in 2024, marking an increase of 8.8%[12] - The company reported a net loss of $6,894,000 for the thirteen weeks ended November 1, 2025, slightly improved from a net loss of $7,152,000 in the same period last year[10] - The net income for the third quarter of 2025 was $871,000, compared to a net loss of $3.426 million in the same quarter of 2024[16] - The company’s net loss for the thirty-nine weeks ended November 1, 2025, was $2.2 million, a significant improvement compared to a net loss of $29.0 million for the same period in 2024[50] Operational Metrics - The loss from operations for the thirty-nine weeks ended November 1, 2025, was $3,338,000, significantly better than the loss of $40,690,000 reported in the same period of 2024[12] - Selling, general and administrative expenses for the thirteen weeks ended November 1, 2025, were $79,346,000, an increase from $74,730,000 in the same period last year[10] - Cost of sales (exclusive of depreciation) rose by $12.7 million, or 11.7%, to $120.5 million in Q3 2025, with cost of sales as a percentage of sales increasing to 61.1%[65] - Selling, general and administrative expenses increased by $4.6 million, or 6.2%, to $79.3 million in Q3 2025, with expenses as a percentage of sales decreasing to 40.3%[66] Cash and Liquidity - Cash and cash equivalents decreased to $51,098,000 as of November 1, 2025, down from $61,085,000 at the beginning of the period[8] - The company has a $75 million revolving credit facility, with no borrowings as of November 1, 2025, and $2.2 million in letters of credit outstanding[27] - Cash provided by operating activities was $1.5 million in the first thirty-nine weeks of 2025, compared to cash used of $32.3 million in the same period of 2024[82] Inventory and Assets - Inventory levels rose slightly to $123,536,000 as of November 1, 2025, from $122,640,000 as of February 1, 2025[8] - The quarter-end inventory balance was $123.5 million, down 3.1% from $127.5 million at the end of the third quarter last year[78] Store Operations - As of November 1, 2025, the company operated 593 stores across 33 states, focusing on off-price value retail for apparel and home trends[17] - The company operated 593 stores across 33 states as of November 1, 2025[56] Shareholder Returns - The company returned $6.3 million to stockholders through share repurchases in the first thirty-nine weeks of fiscal 2025[80] - The company has $40.0 million remaining under its stock repurchase authorization as of November 1, 2025[36] - The company did not repurchase any shares in the third quarter of 2025; $40.0 million remains under stock repurchase authorization[96] Tax and Legal Matters - The company expects to benefit from new tax legislation effective in 2025, which includes immediate expensing of domestic R&D expenditures and reinstatement of 100% bonus depreciation[32] - The company maintains a valuation allowance for deferred tax assets due to insufficient positive evidence for realization[31] - The company has established reserves for legal proceedings once it becomes probable that costs will be incurred[33] - No material adverse legal proceedings are expected to affect the company's financial condition or results of operations[94] Future Commitments - The company’s total future minimum lease payments as of November 1, 2025, are projected to be $315.8 million[46] - The weighted average remaining lease term for operating leases was 6.95 years as of November 1, 2025[47] Other Financial Information - The company recorded a gain on the sale of a building amounting to $10,960,000 during the thirty-nine weeks ended November 1, 2025[12] - The company reported a non-cash impairment expense of $0.3 million related to underperforming stores in the first three quarters of 2025, compared to $1.8 million in the same period of 2024[28] - There have been no material changes to the Risk Factors since the last Annual Report[95] - No changes in internal control over financial reporting during the fiscal quarter ended November 1, 2025[92]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number: 001-42935 Elauwit Connection, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction o ...

Revenue Performance - Revenue for the third quarter of fiscal 2026 was $39.2 million, a 3.1% decrease compared to $40.4 million in the prior year[139]. - Domestic revenue for the third quarter was $24.1 million, reflecting a 2.4% increase from $23.5 million in the prior year, while international revenue decreased by 10.7% to $15.1 million[139]. - Revenue for the first nine months of fiscal 2026 was $113.0 million, a 0.8% decrease from $113.9 million in the prior year[148]. - Hardware revenue for the first nine months increased by 6.4% to $34.9 million, driven by a 15.3% increase in the Product ID segment[149]. - Supplies revenue for the first nine months decreased by 1.2% to $61.1 million, with declines in both Product ID and Aerospace segments[150]. - Revenue from the Product ID segment increased by $1.2 million or 1.6% to $77.9 million in the first nine months of the current year compared to $76.7 million in the prior year[160]. - Aerospace segment revenue for the first nine months was $35.1 million, a decrease from $37.3 million in the prior year[156]. Profitability - Gross profit for the third quarter was $14.2 million, a 3.5% increase from $13.7 million in the prior year, with a gross profit margin of 36.2%[143]. - Gross profit for the first nine months was $38.5 million, a 3.8% decrease from $40.0 million in the prior year, with a gross profit margin of 34.1%[152]. - The Product ID segment recognized an operating income of $6.6 million, reflecting a profit margin of 8.5%, down from $7.2 million and a margin of 9.4% in the prior year[160]. - Aerospace segment operating profit increased to $9.7 million from $8.8 million[156]. - Net income for the third quarter was $0.4 million, or $(0.05) per diluted share, impacted by restructuring and legal fees totaling $0.7 million[147]. - The company reported a net loss of $1.2 million, or $0.16 per diluted share, for the first nine months of the current year, impacted by various non-recurring costs related to the MTEX acquisition[155]. Operating Expenses - Operating expenses for the current quarter were $12.9 million, a 3.7% increase from $12.5 million in the prior year, including $0.3 million in goodwill impairment charges[144]. - Operating expenses for the first nine months of the current fiscal year were $37.3 million, a 2.7% increase from $36.3 million in the prior year[153]. - Selling and marketing expenses decreased by 11.8% to $16.9 million compared to $19.1 million in the previous year, with a 14.7% decrease when excluding certain non-recurring costs[153]. - G&A expenses increased by 22.7% to $15.1 million from $12.3 million in the prior year, primarily due to increased employee benefits and insurance expenses[153]. - R&D spending was $5.0 million, a 3.3% increase from $4.9 million in the prior year, representing 4.4% of revenue compared to 4.3% in the previous year[153]. Cash Flow and Financial Position - Net cash provided by operating activities was $8.1 million for the first nine months of fiscal 2026, compared to $2.3 million for the same period in the previous year[181]. - Cash position at October 31, 2025 was $3.6 million, down from $5.1 million at year end, primarily due to cash outflows of $8.6 million for long-term debt and capital expenditures[183]. - The remaining balance for the MTEX Term Loan was EUR 1.4 million ($1.6 million) as of October 31, 2025[178]. - Accounts receivable balance decreased to $20.4 million at the end of Q3 FY 2026 from $21.2 million at year end[182]. - Inventory balance decreased to $45.1 million at the end of Q3 FY 2026 from $47.9 million at year end, reflecting a strategic decision to reduce advance purchasing[182]. - Cash outflows included $1.0 million for guaranteed royalty obligations and $0.2 million for capital expenditures[183]. Taxation - The effective tax rate for the first nine months was 28.9%, influenced by various tax expenses and benefits, compared to an effective tax rate of (14.3)% in the prior year[154]. Foreign Currency Exposure - Foreign currency translation exposure primarily relates to subsidiaries with functional currencies in Danish Kroner and Euro[191]. - A hypothetical 10% change in foreign currency rates would result in a net income impact of less than $0.5 million for Q3 FY 2026[191]. - Foreign exchange losses from transactional exposure were less than $0.1 million for the nine months ended October 31, 2025[192]. Acquisition and Integration - The integration of MTEX has been more resource-intensive than anticipated, with ongoing investigations into potential breaches of representations and warranties from the acquisition[157].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 1, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___. Commission File Number: 001-38747 Daktronics, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 46-0306862 (State or Other Ju ...

Exhibit 99.1 Energy Services of America Reports Fourth Quarter and Full Year Fiscal 2025 Results Fourth Quarter Fiscal 2025 Financial Results Records 16.8% Annual Revenue Increase and Highest Quarterly Revenue in Company History HUNTINGTON, W.Va., December 9, 2025 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its fourth quarter and fiscal year ended September 30, 2025. Fourth Quarter Highlights All comparisons are ...

Financial Performance - Operating profit for Q2 2026 was $22 million, a 36.7% increase year-over-year, with an operating margin of 9.4%[1] - Sales reached $229.3 million, up 10.0% from Q2 2025, marking the third consecutive quarter of revenue growth[5] - New orders for products and services increased to $199.1 million, a 12.1% rise compared to Q2 2025[11] - Net income for Q2 2026 was $17.5 million, down from $21.4 million in Q2 2025, with earnings per diluted share at $0.35 compared to $0.22 a year ago[19] - Gross profit for the six months ended November 1, 2025, was $126.897 million, up 9.8% from $115.561 million for the same period in 2024[35] - Operating income for the three months ended November 1, 2025, increased to $21.563 million, representing a 37.0% rise from $15.770 million in the same quarter of 2024[35] - Net income for the six months ended November 1, 2025, was $33.951 million, compared to $16.460 million for the same period in 2024, reflecting a significant increase of 106.5%[35] - Net income for the three months ended November 1, 2025, was $17,481,000, a decrease from $21,406,000 in the same period in 2024[50] - Adjusted net income for the six months ended November 1, 2025, was $33,951,000, compared to $30,532,000 for the same period in 2024[50] Profitability and Margins - Gross profit margin improved to 27.0% from 26.8% in the previous year, driven by order growth and operational efficiencies[14] - Operating expenses slightly increased to $40.3 million, primarily due to higher tariffs and investments in technology[15] - Daktronics aims for 7-10% CAGR in revenue growth, 10-12% operating margin, and 17-20% ROIC over the next three years[8] Orders and Backlog - Product backlog grew to $320.6 million, up 36% from $236.0 million in Q2 2025[5] - Orders for Live Events increased by 26.5% to $89,228,000 for the three months ended November 1, 2025, compared to $70,524,000 in the prior year[43] - The company reported a decrease in Commercial orders by 5.1%, totaling $42,281,000 for the three months ended November 1, 2025[43] - The company experienced a decline in Transportation sales by 0.9%, with revenues of $21,274,000 for the three months ended November 1, 2025[43] Cash and Assets - Cash, restricted cash, and marketable securities totaled $149.6 million, with a working capital ratio of 2.2 to 1[20] - Total current assets as of November 1, 2025, were $430.230 million, an increase from $381.451 million as of April 26, 2025[37] - Cash and cash equivalents increased to $149.604 million as of November 1, 2025, compared to $127.507 million at the end of the previous fiscal year[37] - The company’s total assets increased to $548.394 million as of November 1, 2025, compared to $502.892 million as of April 26, 2025[39] Liabilities and Debt - Total liabilities as of November 1, 2025, were $250.943 million, up from $230.961 million as of April 26, 2025[39] - Long-term debt net as of November 1, 2025, was $9,799,000, a decrease from $10,487,000 as of April 26, 2025[52] Future Plans - The company plans to open a new facility in Mexico by the end of fiscal 2026 to enhance manufacturing capabilities[8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-38936 Delaware 90-1020167 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identific ...

Revenue and Income - Revenue for the third quarter of fiscal 2026 was $39.2 million, reflecting an 8.5% sequential growth compared to the previous quarter[4] - Net income was $0.4 million, or $0.05 per diluted share, while non-GAAP net income was $1.5 million, or $0.20 per diluted share[4] - Adjusted EBITDA for the quarter was $4.2 million, representing 10.7% of sales, an increase from the previous quarter[4] - Revenue for the three months ended October 31, 2025, was $39,169,000, a decrease of 3.1% compared to $40,422,000 for the same period in 2024[32] - Net income for the three months ended October 31, 2025, was $378,000, representing a significant increase of 57.3% compared to $240,000 in the same period last year[32] - The company reported a total revenue of $112,979,000 for the nine months ended October 31, 2025, slightly down from $113,922,000 for the same period in 2024[38] Segment Performance - Product Identification (Product ID) segment revenue was $26.8 million, up 2.0% year-over-year and 8.5% sequentially[11] - Aerospace segment revenue decreased by 12.7% to $12.3 million due to atypical orders in the prior-year period[13] - Operating income for the Product ID segment was $1.9 million, with a non-GAAP operating income of $2.9 million, up 50% year-over-year[12] - Segment operating income for Product ID was $1,878,000 with a segment operating margin of 7.0%, while Aerospace segment operating income was $4,531,000 with a margin of 36.8%[38] - The segment gross profit for the Aerospace division was $6,391,000, resulting in a gross profit margin of 51.9% for the three months ended October 31, 2025[58] - Non-GAAP segment gross profit for the Aerospace division was $14,126,000 for the nine months ended October 31, 2025, with a non-GAAP gross profit margin of 40.3%[58] Cash Flow and Debt - The company generated $3.4 million in operating cash during the quarter, totaling $8.1 million year-to-date[15] - Debt was reduced by $3.2 million in the quarter, bringing total debt down to $40.3 million[16] - Cash and cash equivalents decreased to $3,606,000 as of October 31, 2025, down from $5,050,000 at the beginning of the period[34] - The company reported a net cash provided by operating activities of $8,057,000 for the nine months ended October 31, 2025, compared to $2,324,000 in the prior year[36] Guidance and Future Outlook - The company expects fiscal 2026 revenue to be in the range of $149 million to $154 million, with fourth-quarter revenue projected between $36 million and $41 million[21] - Bookings for the Product ID segment were $22.5 million, down $4.3 million year-over-year, while Aerospace segment orders increased by 23.7% to $13.4 million[18][19] - New bookings during the fourth quarter of FY 2025 totaled $38,576,000, contributing to a total of $145,112,000 for the fiscal year[46] - The backlog at the end of the period was $25,291,000, down from $28,307,000 at the beginning of the period[46] Impairments and Provisions - Goodwill impairment of $297,000 was recorded in the three months ended October 31, 2025, compared to no impairment in the same period last year[32] - The company incurred restructuring charges of $338,000 for the three months ended October 31, 2025[59] - Inventory provisions amounted to $360,000 for the three months ended October 31, 2025, reflecting adjustments in inventory valuation[58] Corporate Expenses and Interest - Corporate expenses increased to $(5,122,000) for the three months ended October 31, 2025, compared to $(3,855,000) in the prior year[38] - Interest expense for the three months ended October 31, 2025, was $827,000, a decrease from $944,000 in the same period last year[38]