ADDED
The number of outstanding shares of the registrant s common stock as of February 5, 2026 was 84,913,639 .
Through extreme reliability, custom engineering, and scalable manufacturing, our high-performance capacitors, radio frequency ( RF ) filters, advanced microphones, and balanced armature speakers enable and enhance the most demanding applications across medtech, defense, industrial, and electrification/energy markets with the power to change, improve, and save lives.
Our Strategy The Company is focused on leveraging its unique technologies to design custom engineered solutions and then deliver them at scale for customers in high growth markets that value our solutions.
Our reportable segments are as follows: PD Segment Our PD segment specializes in the custom design and delivery of high performance capacitor products and RF solutions primarily serving the defense, industrial, medtech, and electrification/energy markets.
MSA Segment Our MSA segment designs and manufactures balanced armature speakers and microphones used in hearing health and specialty audio applications that serve the medtech and industrial markets.
We sell our products directly to original equipment manufacturers ("OEMs") and through sales representatives and distributors worldwide.
Many suppliers that provide technical, engineering, and manufacturing services for the defense sector are located in, or have facilities located in, countries that are viewed as potential strategic adversaries.
As a result, there is a rising demand for supply partners throughout the value chain that can reliably and rapidly deliver custom solutions with strong domestic manufacturing footprints.
Within PD, the demand for high performance capacitors, including specialty film, is seeing potentially large growth as alternative technologies emerge to address the accelerating demand for power.
The trend toward domestic manufacturing footprints in the PD segment is amplified and extends across many of the markets we serve by the recent rise of trade barriers, including tariffs, as companies seek to mitigate the effect on their costs and the prices passed through to their customers.
REMOVED
The number of outstanding shares of the registrant s common stock as of February 11, 2025 was 87,663,173 .
Our high-performance capacitors, radio frequency ("RF") and microwave filters, advanced medtech microphones, balanced armature speakers, and miniaturization products enable and enhance the performance of technologies with the power to change, improve, and save lives.
Our Strategy The Company is focused on delivering high value, differentiated solutions to a diverse set of end markets.
Our expertise in the traditional hearing aid market enables us to capitalize on emerging markets like Over the Counter ("OTC") hearing aids.
Our reportable segments are as follows: PD Segment Our PD segment specializes in the design and delivery of high performance capacitor products and RF solutions primarily serving the defense, medtech, electrification, and industrial markets.
MSA Segment Our MSA segment designs and manufactures balanced armature speakers and microphones used in applications that serve the hearing health and premium audio markets.
We sell our products directly to original equipment manufacturers ("OEMs"), their contract manufacturers and suppliers, and through sales representatives and distributors worldwide.
Portions of this segment face much greater exposure to capital investment cycles and government spending, both direct and indirect, as some of these end markets are largely dependent on project upgrades, expansion, and government contracts.
We have been experiencing increased demand for our products driven by the upgrading of large rotary radar and deployment of communication satellites.
In addition, demand has increased as a result of the expansion of small implantable devices to monitor and correct a host of chronic health issues.