EXPOMEDIUM SIGNALOPERATIONAL10-K

EXPO raised billing rates across the board while expanding construction consulting services and shifting client mix slightly toward energy/utilities.

The rate increases from $210-1,050 to $225-1,375 per hour represent meaningful pricing power and should support revenue growth in the coming year. The expansion of construction consulting into new sectors like healthcare and power generation, along with more formalized annual rate increase processes, suggests management is positioning for sustained growth in higher-margin advisory services.

Comparing 2026-02-27 vs 2025-02-28View on EDGAR →
FINANCIAL ANALYSIS

The company increased capital expenditure by 35% to $9.4M while accounts receivable grew 12.5% to $181.5M, suggesting business expansion and potentially higher billing activity. Cash declined modestly to $221.9M from $258.9M, likely reflecting the higher capex spending and normal working capital fluctuations. Overall, the financial picture indicates controlled investment in growth while maintaining a solid cash position.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
+35.3%
$6.9M$9.4M

Capital expenditure jumped 35.3% — major investment cycle underway; assess returns on deployment.

Cash & Equivalents
Balance Sheet
-14.3%
$258.9M$221.9M

Cash decreased 14.3% — monitor burn rate and upcoming capital needs.

Accounts Receivable
Balance Sheet
+12.5%
$161.4M$181.5M

Receivables grew 12.5% — monitor days sales outstanding for collection efficiency.

LANGUAGE CHANGES
NEW — 2026-02-27
PRIOR — 2025-02-28
ADDED
During 2025, we provided services representing approximately 21%, 20%, 16% and 11% of revenues to clients in the consumer products industry, energy and utilities industries, transportation industry and chemical industry, respectively.
Our standard rates for professionals range from $225 to $1,375 per hour.
We implement bill rate increase annually at the start of our fiscal year.
Construction Consulting Our Construction Consulting Practice provides project advisory, risk management, strategic planning, dispute resolution, and delay and damages analysis services on construction and engineering projects.
The practice operates across multiple industry sectors, including utilities, data centers, transportation, infrastructure, oil and gas, power generation, and healthcare.
Our team of advisors and experts is engaged on domestic and international projects, supporting clients throughout the project lifecycle.
Engagements range from establishing construction oversight and risk management processes, to managing programs and projects, and analyzing and resolving cost and schedule impact claims.
The practice is staffed by a multidisciplinary team that includes construction and civil engineers, project and program managers, project controls engineers, schedulers, and cost engineers.
We provide construction consulting services to public and private sector clients, including corporations, law firms, and government agencies.
Data Sciences Our Data Sciences Practice comprises our core capabilities in artificial intelligence, machine learning, statistics, data analytics, and dedicated data collection.
REMOVED
During 2024, we provided services representing approximately 24%, 19%, 16% and 10% of revenues to clients in the consumer products industry, energy and utilities industries, transportation industry and chemical industry, respectively.
Our standard rates for professionals range from $210 to $1,050 per hour.
Construction Consulting Our Construction Consulting Practice provides expertise in the areas of project advisory, risk analysis, strategic planning, dispute resolution, delay analysis and assessment of financial damages.
We have continued to expand the practice by leveraging key client relationships in several industry sectors including utilities, data centers, infrastructure, and oil and gas.
Over the past year, our team of advisors and experts have been retained on numerous complex projects around the world.
Our advisors and experts have successfully collaborated with our clients on numerous assignments, from assisting in establishing best-in-class construction and risk management processes and structures, managing a variety of programs and projects, to providing forensic analysis and expert advice in analyzing and resolving project performance, cost and schedule impact claims in both domestic and international arbitration, and private and public litigation matters.
Our multi-disciplinary staff, which includes engineers, project and program managers, schedulers, quantity surveyors, and cost specialists, provide these services to both the public and private sectors for clients who represent a diverse mix of corporations, law firms, and agencies.
Our projects support many sectors of the construction and engineering industry which include electric and gas utilities, refineries, petrochemical facilities, data centers, building construction, transportation systems, infrastructure, power plants, hospitals, airports, and sporting arenas.
Data Sciences Our Data Sciences Practice comprises our core capabilities in statistics, data analytics, and dedicated data collection.
Our team of interdisciplinary scientists and engineers designs sampling plans, surveys, and experiments to create, manage, and analyze data sets of all sizes and varieties.
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