Financial Performance - GCT Semiconductor reported initial 5G product revenue of $0.4 million in Q3 2025, an 84.0% decrease from $2.6 million in Q3 2024[11] - Total operating expenses increased by 9.0% to $8.2 million in Q3 2025, compared to $7.5 million in Q3 2024[11] - GCT's net loss for Q3 2025 was $13.8 million, compared to a net loss of $7.1 million in Q3 2024[11] - The gross margin for Q3 2025 is negative, as current product revenue is insufficient to cover production overhead costs[11] 5G Product Development - The company has received over 2,500 initial 5G chipset orders, indicating strong early demand as it prepares for commercialization[5] - GCT expects to improve operational efficiencies as volume shipments of 5G products begin in late Q4 2025 or early Q1 2026[3] - The company anticipates commercial shipments of 5G chipsets to commence late in Q4 2025[7] Financial Position - As of September 30, 2025, GCT had cash and cash equivalents of $8.3 million, net accounts receivable of $3.7 million, and inventory of $1.9 million[6] - GCT's total assets increased to $24.3 million as of September 30, 2025, up from $19.9 million at the end of 2024[15] - The company secured $10.7 million in debt financing in September 2025 to accelerate production readiness for 5G chipsets[5]
cord Acquisition III(CNDB) - 2025 Q3 - Quarterly Results