TAYD — what changed in the latest 10-Q
A section-by-section comparison of TAYD's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-02 vs the prior 10-Q · 2026-03-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −21 | ~12 | 7 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-02
A summary of the period-to-period changes in the principal items included in the unaudited condensed consolidated statements of income is shown below:
Summary comparison of the three months ended August 31, 2026 and 2025
Sales under certain fixed-price contracts, in which the product has no alternative use to the Company and the Company has enforceable rights to payment for progress completed to date, inclusive of profit, are recognized over time, whereby revenues are based on estimates of completion prepared on a r…
The gross profit as a percentage of net sales of 30% in the quarter ended August 31, 2026 is 15 percentage points lower than the same period of the prior year (45%). The decrease in gross profit percentage is attributed to lower revenue and shift in sales mix.
At August 31, 2025, the Company had 127 open sales orders in its backlog with a total sales value of $27.9 million. At August 31, 2026, the Company had 151 open sales orders in its backlog, with a total sales value of $55.2 million. The backlog at August 31, 2026 includes a $19.0 million non-project…
Text removed vs the prior filing · source: 10-Q · 2026-03-31
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Information in this Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in this Form 10-Q that does not consist of historical facts…
A summary of the period-to-period changes in the principal items included in the condensed consolidated statements of income is shown below:
Summary comparison of the nine months ended February 28, 2026 and February 28, 2025
Sales under certain fixed-price contracts, in which the product has no alternative use to the Company and the Company has enforceable rights to payment for progress completed to date, inclusive of profit, are recognized over time whereby revenues are based on estimates of completion prepared on a ra…
The gross profit as a percentage of net revenue of 44% in the nine-month period ended February 28, 2026 is one percentage point lower than the same period of the prior year (45%).
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice