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 -26.93 M.

Segment Revenue

• Total Revenue: $11.9 million, reflecting a 499% sequential growth and a 1,419% year-over-year increase.

Operational Metrics

• Gross Profit: $1.8 million, up from $1.2 million in the previous quarter and $0.3 million in the same quarter last year.
• Gross Margin: 15%, down from 59% in the previous quarter and 39% in the same quarter last year.
• Research and Development (GAAP): $9.7 million, a 1% increase from the previous quarter and a 67% increase year-over-year.
• Selling, General and Administrative (GAAP): $14.3 million, a 10% increase from the previous quarter and a 158% increase year-over-year.
• Net Loss: - $26.3 million, compared to - $29.6 million in the previous quarter and - $25.6 million in the same quarter last year.
• Adjusted EBITDA Loss: - $11.1 million, compared to - $12.9 million in the previous quarter and - $10.5 million in the same quarter last year.

Cash Flow

• Net Cash Used in Operating Activities: - $57.3 million for the nine months ended September 30, 2025, compared to - $35.8 million for the same period in 2024.
• Net Cash Used in Investing Activities: - $0.7 million for the nine months ended September 30, 2025, compared to - $1.2 million for the same period in 2024.
• Net Cash Provided by Financing Activities: $31.8 million for the nine months ended September 30, 2025, compared to $102.4 million for the same period in 2024.

Unique Metrics

• Hardware Revenue: $10.5 million, up from $57 thousand in the previous quarter and $23 thousand in the same quarter last year.
• Software Revenue: $0.3 million, consistent with the previous quarter and the same quarter last year.
• Hardware Revenue (Related Party): $1.1 million, down from $1.4 million in the previous quarter and up from $0 in the same quarter last year.
• Software Revenue (Related Party): $0.2 million, down from $0.3 million in the previous quarter and up from $0 in the same quarter last year.
• Engineering Services Revenue (Related Party): $0, consistent with the previous quarter and down from $0.8 million in the same quarter last year.

Outlook / Guidance

• Revenue Guidance for Q4 2025: $21.1 million to $23.1 million.
• Revenue Guidance for FY 2025: $36.0 million to $38.0 million.
• Adjusted EBITDA Loss Guidance for Q4 2025: $15.6 million to $18.6 million.
• Adjusted EBITDA Loss Guidance for FY 2025: $55.0 million to $58.0 million.