For 2026 and 2027, we expect mid-single-digit revenue growth to outpace increases in operating expenses, supporting our estimates for EPS of $0.74 and $1.12, respectively. At the end of 2Q:25, SGC had $21 million in cash and $99 million in total debt. The company has bought back $8 million in common stock in 2025 and is authorized to buy back an additional $12 million in shares. We maintain our moderate risk rating and $20 price target, which is based on 18x our 2027 EPS estimate of $1.12.