GUER — what changed in the latest 10-Q
A section-by-section comparison of GUER'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 · 2026-08-12 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +41 | −22 | ~12 | 66 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| 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): 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 · 2026-08-12
SECOND QUARTER AND FIRST HALF FISCAL 2026 FINANCIAL HIGHLIGHTS
● Revenue for the second quarter of fiscal 2026 increased approximately 49% to $8.0 million, compared with $5.4 million for the second quarter of fiscal 2025. The increase was driven by growth of 142% in our catalog category and 97% in our infrastructure category, partially offset by a 28% decrease …
● Gross margin for the second quarter of fiscal 2026 was approximately 70.9%, compared with 64.9% in the prior year period. The improvement was primarily attributable to higher sales volumes, favorable product mix, including a greater contribution from aerospace & defense applications, and improved …
● Operating income was $1.0 million for the second quarter of fiscal 2026, compared with an operating loss of $1.4 million for the second quarter of fiscal 2025. The $2.3 million improvement in operating results was primarily attributable to the increase in revenue and gross profit, together with co…
● Net cash provided by operating activities during the second quarter of fiscal 2026 was $2.4 million, compared with net cash used in operating activities of $1.2 million during the prior year period. For the six months ended June 30, 2026, net cash provided by operating activities was $1.2 million,…
Text removed vs the prior filing · source: 10-Q · 2026-05-13
● our inability to remediate the material weakness identified in internal controls over financial reporting relating to certain control processes;
● Revenue for the first quarter of fiscal 2026 increased approximately 48% as compared to the first quarter of fiscal 2025, from approximately $4.4 million to $6.5 million. The increase was primarily driven by continued strength in the Company’s core product shipments, reflecting ongoing demand acro…
● Gross margin for the first quarter of fiscal 2026 was approximately 69.9% of revenues, as compared to 61.1% in the prior year period. The improvement in gross margin was primarily driven by higher production volumes, improved manufacturing efficiencies, and favorable product mix. Contribution marg…
● Operating loss was approximately $0.04 million for the first quarter of fiscal 2026, as compared to an operating loss of $3.16 million in the first quarter of fiscal 2025, bringing the Company near operating breakeven. The substantial reduction in operating loss was primarily driven by the increas…
● Net income for the first quarter of fiscal 2026 was approximately $1.1 million, compared to a net loss of $3.5 million in the prior-year period. The year-over-year improvement reflects stronger operating performance, as well as the impact of certain non-cash and non-operating items, including appr…
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