Revenue: As of FY2025 Q3, the actual value is USD 11.87 M.

EPS: As of FY2025 Q3, the actual value is USD -0.25.

EBIT: As of FY2025 Q3, the actual value is USD -23.28 M.

Segment Revenue

• Hardware Revenue: $10.5 million for the three months ended September 30, 2025, compared to $23,000 for the same period in 2024. For the nine months ended September 30, 2025, hardware revenue was $11.6 million, compared to $28,000 in 2024.
• Software Revenue: $0 for the three months ended September 30, 2025, and $300,000 for the nine months ended September 30, 2025.
• Hardware Revenue - Related Party: $1.1 million for the three months ended September 30, 2025, and $2.5 million for the nine months ended September 30, 2025.
• Software Revenue - Related Party: $215,000 for the three months ended September 30, 2025, and $478,000 for the nine months ended September 30, 2025.

Operational Metrics

• Net Loss: - $26.3 million for the three months ended September 30, 2025, compared to - $25.6 million for the same period in 2024. For the nine months ended September 30, 2025, net loss was - $203.6 million, compared to - $54.5 million in 2024.
• Gross Profit: $1.8 million for the three months ended September 30, 2025, compared to $305,000 for the same period in 2024. For the nine months ended September 30, 2025, gross profit was $3.6 million, compared to $514,000 in 2024.
• Operating Expenses: $24.4 million for the three months ended September 30, 2025, compared to $11.7 million for the same period in 2024. For the nine months ended September 30, 2025, operating expenses were $86.1 million, compared to $31.2 million in 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $57.3 million for the nine months ended September 30, 2025, compared to - $35.8 million in 2024.
• Net Cash Used in Investing Activities: - $707,000 for the nine months ended September 30, 2025, compared to - $1.2 million in 2024.
• Net Cash Provided by Financing Activities: $31.8 million for the nine months ended September 30, 2025, compared to $102.4 million in 2024.

Unique Metrics

• Committed Equity Facility: Entered into a $50.0 million common stock purchase agreement with B. Riley Principal Capital II, LLC on July 14, 2025.

Future Outlook and Strategy

• Core Business Focus: The company plans to use proceeds from the Committed Equity Facility to accelerate commercialization of its South Asia smart infrastructure contract and invest in its next-generation chip, as well as for working capital and general corporate purposes.
• Non-Core Business: The company entered into a Securities Purchase Agreement with Polar Asset Management Partners Inc. for a private placement of $30.0 million, intended for general corporate and working capital purposes.