Exhibit $1-$ Financial Statements

$($All figures in thousands of dollars, except per share figures$)$

Consolidated Income Statements, $2022-2025$

$12/31/2312/31/2412/31/1925$

NET SALES $$134,366$ $$233,633$ $$406,650$

COST OF GOODS $60,939108,057198,841$

GROSS PROFIT $73,427125,576207,809$

R & D $16,39628,22353,841$

SG&A $46,76173,941125,865$

NON$-$OPERATING EXP $($INC$)1,865(1,801)4,076$

INTEREST EXPENSE $94126$

PRE$-$TAX INCOME $8,31125,08724,027$

TAXES $2,2097,2948,588$

NET INCOME $$6,102$ $$17,793$ $$15,439$

OUTSTANDING SHARES $15,21617,92120,165$

Earnings per share $$0\mathrm{.}40$ $$0\mathrm{.}99$ $$0\mathrm{.}77$

Consolidated Balance Sheets, $2022-2025$

$12/31/2312/31/2412/31/1995$

CASH & MKTABLE SECURITIES $$38,933$ $$51,891$ $$80,492$

RECEIVABLES $26,33354,805107,859$

INVENTORIES $18,26732,40163,387$

OTHER CURRENT ASSETS $7,51214,55521,317$

CURRENT ASSETS $91,045153,652273,055$

NET PLANT, PROP & EQUIP. $14,31626,37748,992$

Other Long Term Assets $-2,1459,557$

TOTAL ASSETS $$105,361$ $$182,174$ $$331,604$

NOTES PAYABLE $$1,090$ $$-$

CURRENT PORTION OF LTD $$1,7870$

ACCOUNTS PAYABLE $4,30716,072$ $$31,617$

ACCRUED EXPENSES & OTHER $17,94234,05949,076$

CURRENT LIABILITIES $23,33951,91880,693$

LONG TERM DEBT $5452,3692,945$

TOTAL LIABILITIES $23,88454,28783,638$

PREFERRED STOCK $--$

COMMON STOCK $82,859107,751209,127$

RETAINED EARNINGS & OTHER EQ$.**(1,382)20,13638,839$

SHAREHOLDER EQUITY $81,477127,887247,966$

TOT LIAB & NET WORTH $$105,361$ $$182,174$ $$331,604$

Ratio Analysis

$12/31/2312/31/2412/31/1925$

ROS $4\mathrm{.}5\%7\mathrm{.}6\%3\mathrm{.}8\%$

Sales$/$Assets $127\mathrm{.}5\%128\mathrm{.}2\%122\mathrm{.}6\%$

ROA $5\mathrm{.}8\%9\mathrm{.}8\%4\mathrm{.}7\%$

Assets$/$Equity $129\mathrm{.}3\%142\mathrm{.}4\%133\mathrm{.}7\%$

ROE $7\mathrm{.}5\%13\mathrm{.}9\%6\mathrm{.}2\%$

Inventory days $109\mathrm{.}4109\mathrm{.}4116\mathrm{.}4$

AR days $71\mathrm{.}585\mathrm{.}696\mathrm{.}8$

AP days $25\mathrm{.}854\mathrm{.}358\mathrm{.}0$

FA$/$ Assets $13\mathrm{.}6\%14\mathrm{.}5\%14\mathrm{.}8\%$

FA$/$ Sales $10\mathrm{.}7\%11\mathrm{.}3\%12\mathrm{.}0\%$

Gross Margin $54\mathrm{.}6\%53\mathrm{.}7\%51\mathrm{.}1\%$

Ebit Margin $7\mathrm{.}6\%10\mathrm{.}0\%6\mathrm{.}9\%$

First Quarter $2026$ Results

$($All figures in thousands of dollars, except per share figures$)$

Quarterly Results Annual results

$3/31/19253/31/9612/31/192512/31/1924$

NET SALES $$109,931$ $$92,039$ $$406,650$ $$233,633$

COST OF GOODS $$54,72252,456198,841108,057$

GROSS PROFIT $$55,20939,583207,809125,576$

R & D EXPENDITURES $$15,65717,61653,84128,223$

SELL GEN & ADMIN EXP $$38,20835,931125,86573,941$

NONRECURRING COSTS $20,150$

MERGER COSTS $$--5,456-$

TOTAL OPERATING EXPENSES $$1,34473,697185,162102,164$

NON$-$OPERATING INCOME $($LOSS$)$ $$1,4965871,3801,675$

PRE$-$TAX INCOME $$2,004(33,527)24,02725,087$

PROVISION FOR $($BENEFITS FROM $)$ $$491$

INCOME TAXES $$-(10,729)8,5887,294$

NET INCOME $$1,513$ $$(22,798)$ $$15,439$ $$17,793$

OUTSTANDING SHARES $$22,19621,01920,16517,921$

Earnings per share $$0\mathrm{.}07(1\mathrm{.}08)0\mathrm{.}770\mathrm{.}99$

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