Revenue: As of FY2025 Q3, the actual value is USD 887 K.

EPS: As of FY2025 Q3, the actual value is USD -0.12.

EBIT: As of FY2025 Q3, the actual value is USD -16.69 M.

Segment Revenue

• Total Revenue: $887,000 for the three months ended September 30, 2025, compared to $1,607,000 for the same period in 2024, representing a decrease of 44.8%.

Operational Metrics

• Operating Loss: $19,865,000 for the three months ended September 30, 2025, compared to $13,852,000 for the same period in 2024.
• Net Income (Loss): $483,000 for the three months ended September 30, 2025, compared to a net loss of $13,609,000 for the same period in 2024.
• Research and Development Expenses: Increased by 45.4% to $5,153,000 for the three months ended September 30, 2025, from $3,545,000 for the same period in 2024.
• Selling, General and Administrative Expenses: Increased by 24.9% to $10,012,000 for the three months ended September 30, 2025, from $8,016,000 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: $34,668,000 for the nine months ended September 30, 2025, compared to $26,060,000 for the same period in 2024.
• Net Cash Used in Investing Activities: $34,969,000 for the nine months ended September 30, 2025, compared to $17,662,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: $120,077,000 for the nine months ended September 30, 2025, compared to $29,736,000 for the same period in 2024.

Unique Metrics

• Change in Fair Value of Derivative Liability: $36,407,000 for the nine months ended September 30, 2025.
• Debt Extinguishment Loss: $14,434,000 for the nine months ended September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on evolving its PNT solutions to use 5G New Radio technologies, which is expected to improve operational efficiency and scale. The company is also pursuing regulatory changes to the Lower 900 MHz band to facilitate this transition.
• Non-Core Business: The company is expanding its services in Japan through MetCom, Inc., and expects to increase the number of customers on its Pinnacle network.