Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-04321 ____________________________ Movella Holdings Inc. (Exact name ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ (State or other jurisdiction of incorporation or organization) Su ...

Financial Performance - Movella's total revenues for the year ended December 31, 2022, were $40.5 million, up from $34.4 million in 2021, reflecting a growth of approximately 3.1% year-over-year[39]. - Legacy Movella reported revenues of $40.5 million for the year ended December 31, 2022, compared to $34.4 million in 2021, with net losses of $36.2 million and $20.2 million respectively[124]. - The company expects to continue incurring operating and net losses for the foreseeable future due to anticipated increases in costs and expenses[125]. - Historical financial results may not be indicative of future performance, with potential fluctuations in revenues and operating results expected[129]. - The company faces risks related to its financing arrangements, including restrictive debt covenants that may limit operational flexibility and growth opportunities[130]. Market Opportunity - The addressable market opportunity for Movella's current products is approximately $14 billion today, expected to scale to $20 billion in the next five years, indicating a growth potential of about 43%[36]. - The Metaverse and next-generation gaming markets are projected to reach $856 billion and $457 billion, respectively, by 2025, highlighting significant growth opportunities for Movella's technologies[37]. - The current Total Addressable Market (TAM) for entertainment motion capture, health and sports motion capture and analytics, sports data services, and automation and mobility sensors is approximately $14 billion[53]. - The estimated TAM is projected to reach $20 billion over the next five years, influenced by factors such as macroeconomic conditions and technological changes[53]. Product Development and Innovation - The company is transitioning from a one-time license model to an annual subscription model, aiming to enhance recurring revenue streams[38]. - The company plans to ramp up visibility and sales of newer products, including Motion Cloud Reports for advanced movement analytics[72]. - The company is investing significantly in its Metaverse strategy, which is expected to be a complex and long-term initiative, but market acceptance remains uncertain[138]. - Significant investments in new product development are necessary, but there is no assurance that these products will achieve market acceptance or profitability[137]. - The timing of the commercial launch of the OBSKUR software is scheduled for the first half of 2023, but its success and market acceptance remain uncertain[135]. Intellectual Property - Movella's full-stack product portfolio includes 161 issued patents and 15 pending patent applications, showcasing a strong intellectual property position[34]. - The company holds a robust IP portfolio with 161 issued patents and 15 pending applications, creating a significant competitive advantage[59]. - The company relies on a combination of patents, copyrights, and trademarks to protect its intellectual property, which is crucial for maintaining competitive advantage[190]. Customer Base and Sales Channels - Movella serves over 2,000 customers, including major brands like Electronic Arts and Netflix, across entertainment, health and sports, and automation markets[33]. - Approximately 39% of Legacy Movella's revenues in 2022 were generated from channel partners, with both sales channels contributing GAAP gross margins of approximately 50% and non-GAAP gross margins of approximately 65%[38]. - The geographic revenue split for Legacy Movella in 2022 was 38% from EMEA, 27% from the Americas, and 35% from the Asia-Pacific Region[73]. - The entertainment end market accounted for 40% of Legacy Movella's revenues in 2022, while health and sports accounted for 32%, and automation and mobility accounted for 28%[73]. Compliance and Regulatory Risks - The company is subject to evolving data privacy laws, including the GDPR, which can impose fines up to €20 million or 4% of total global turnover for non-compliance[111]. - The company continues to monitor its products and services for compliance with applicable laws and regulations, including potential FDA requirements[99]. - The company is committed to complying with anti-corruption laws, including the U.S. Foreign Corrupt Practices Act, to mitigate legal risks[103]. - Government regulations, including export controls and economic sanctions, may limit the company's ability to distribute products and services internationally[225]. Operational Challenges - The ongoing semiconductor supply shortage may negatively impact the company's ability to maintain timely and cost-effective production of its products[185]. - Global supply chain constraints, including geopolitical factors, may negatively impact the availability and cost of components and raw materials essential for production[186]. - The company faces risks related to third-party manufacturing, including potential delays, quality control issues, and price volatility for components[177]. - The company is dependent on third-party suppliers for critical components, and any disruptions in supply could seriously harm production capabilities[179]. Strategic Initiatives - The company plans to expand its market presence through global channel expansion and the development of its independent application developer platform, which currently supports over 700 third-party developers[36]. - The company has pursued strategic acquisitions, such as the acquisition of OBSKUR Inc. in January 2022, to enhance its product offerings and market position[144]. - The independent app developer ecosystem around the low-cost DOT sensor product family has grown to over 700 developers, driving scalability and ubiquity of the technology[67]. Risks and Uncertainties - Customer renewal rates for the company's SaaS applications, which currently comprise less than 10% of its business, are at risk of non-renewal, potentially impacting revenues[155]. - The maturation or contraction of the wearable device market could adversely affect the company's revenues and profits, especially if overall market sales decline significantly[164]. - The company faces potential compliance challenges due to various local, state, national, and international laws regarding data protection and privacy[105]. - The company acknowledges that customer adoption of new products may be hindered by design or pricing constraints, impacting future revenues[137].

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 For the transition period from________ to________ OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Not Applicable (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: | | | Name of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 | Cayman Islands | 001-40074 | 98-1575384 | | --- | --- | --- | | (State or other jurisdiction of | (Commission File Number) | (IRS Employer | | incorporation or organization) | | Identification No.) | | 1950 University Avenue, Suite 350 | | | | Palo Alto, CA | | 94303 | | (Address Of Principa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to PATHFINDER ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | Cayman Islands | 001-40074 | 95-15753584 | | --- | --- | --- | | (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to________ PATHFINDER ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | Cayman Islands | 001-40074 | 98-1575384 | | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to________ PATHFINDER ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 001-40074 98-1575384 (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to________ (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trad ...