Financial Data and Key Metrics Changes - Q3 fiscal year 2025 revenue was approximately $1.4 million, a 25% decrease compared to $1.9 million in Q3 fiscal year 2024, primarily due to revenue recognition timing [9] - Gross margin for Q3 fiscal year 2025 was approximately 72%, up from 70% in Q3 fiscal year 2024, with expectations for future gross margins to be in the 65% to 75% range [10] - Net operating cash provided for operations in Q3 fiscal year 2025 was a positive cash gain of approximately $130,000, compared to a net operating cash loss of approximately $920,000 in Q3 fiscal year 2024 [11] - The company's cash and equivalents position as of March 31, 2025, was approximately $7 million, with no debt or convertible debt [12] Business Line Data and Key Metrics Changes - SpatialCore, led by BrightLine Interactive, is a significant growth driver, with a $4 million Department of Defense contract expected to be delivered [6] - Hotel Reality entered into several contracts for its AI-driven immersive training product, while Sector Five Digital secured follow-on agreements with major companies [7] - Glimpsed Lens's Snap revenues grew significantly from the prior quarter, and Glimps Learning entered into multiple software license contracts in healthcare and education [8] Market Data and Key Metrics Changes - The U.S. government's continuing resolution and lack of a federal budget for 2025 have delayed potential awards for multiple government and DoD opportunities, but the company remains well-positioned for future contracts [7] Company Strategy and Development Direction - The company is focused on leveraging its SpatialCore technology to capitalize on immersive opportunities, with a strong emphasis on cost control and operational efficiency [5][13] - The company may utilize its $2 million common share buyback plan to protect its stock value if circumstances warrant [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming quarter, expecting it to be the highest revenue quarter in the past two fiscal years, driven by strong demand in the enterprise segment [4] - The company anticipates a revenue range of $10 million to $11 million for fiscal year 2025, representing a 15% to 25% increase despite divestments [10] Other Important Information - The company has maintained a clean capital structure with no debt, convertible debt, or preferred equity, positioning itself for future growth [12] Q&A Session Summary - There were no questions from the phone lines during the Q&A session, and the management thanked participants for their interest and support [16][17]

Financial Data and Key Metrics Changes - Q3 fiscal year 2025 revenue was approximately $1.4 million, a 25% decrease compared to $1.9 million in Q3 fiscal year 2024, primarily due to revenue recognition timing [9] - Gross margin for Q3 fiscal year 2025 was approximately 72%, up from 70% in Q3 fiscal year 2024, with expectations for future gross margins to be in the 65% to 75% range [10] - Net operating cash provided for operations in Q3 fiscal year 2025 was approximately $130,000, a significant improvement from a net operating cash loss of approximately $920,000 in Q3 fiscal year 2024 [11] - The company expects Q4 fiscal year 2025 revenues to be in the range of $3.2 million to $3.8 million, indicating a profitable quarter [10] Business Line Data and Key Metrics Changes - SpatialCore, led by BrightLine Interactive, is a key growth driver, with a $4 million Department of Defense contract expected to be delivered this month [6] - Hotel Reality has entered into several contracts for its AI-driven immersive training product, while Sector Five Digital has secured follow-on agreements with major companies [7] - Glimpsed Lens's Snap revenues grew significantly from the prior quarter, and Glimps Learning entered into multiple software license contracts in healthcare and education [8] Market Data and Key Metrics Changes - The US government's continuing resolution and lack of a federal budget for 2025 have delayed potential awards for multiple government and DoD opportunities, but the company remains well-positioned for future contracts [7] - Despite a strong pipeline of revenues across various business segments, there is a disconnect between the company's intrinsic value and its current public valuation [8] Company Strategy and Development Direction - The company is focused on capitalizing on immersive opportunities, with a solid balance sheet and profitable operations [13] - The strategic emphasis on SpatialCore and AI-driven solutions is expected to drive future growth [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming quarter, anticipating it may be the highest revenue quarter in the past two fiscal years [4] - The company is positioned to confirm additional seven-figure Special Core opportunities in the coming months [7] - Management acknowledged the need for patience as SpatialCore continues to develop [13] Other Important Information - The company maintains a clean capital structure with no debt, convertible debt, or preferred equity, and had approximately $7 million in cash and equivalents as of March 31, 2025 [12] Q&A Session Summary - There were no questions from the phone lines or written questions during the Q&A session, and the call concluded without addressing any inquiries [16][17]

Core Insights - BILT Incorporated's case study demonstrates the effectiveness of spatial computing and extended reality (XR) in enhancing trade school education, particularly in a 12-week electrical contracting certification program [1][2] Group 1: Study Findings - The integration of BILT's immersive training modules resulted in students completing the course nearly 24% faster than those using traditional methods [4] - 76% of students were tracked to be at least 3 weeks ahead of schedule, while 88% were 2.5 weeks ahead [4] - Errors related to reverse polarity and sheathing were completely eliminated, dropping from 18% and 20% to 0% [4] - Errors in connecting traveler wires to 4-way switches decreased by 90%, from 50% to 5% [4] - 93% of students reported feeling ready to apply their new skills in real-world scenarios [4] - Student engagement increased by 50%, facilitated by early access to immersive content that allowed hands-on practice without risks [4] Group 2: Company Overview - BILT provides 3D Intelligent Instructions for a wide range of products, enhancing professional training and user experience in assembly, installation, maintenance, and repair [3] - The platform is recognized for its efficiency and sustainability, offering interactive instructions across various operating systems, including immersive instructions for Apple Vision Pro [3]

Core Insights - Lowe's is launching the Lowe's Style Studio™, an immersive 3D experience designed for Apple Vision Pro, allowing customers to visualize kitchen renovations in real time starting April 26, 2025 [1][4] - The service is available for free appointments at five locations in Northern California, enabling customers to explore design options without financial commitment [7] Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company with over 1,700 stores and approximately 300,000 employees, serving around 16 million customer transactions weekly [7] - The company reported total sales exceeding $83 billion for the fiscal year 2024 [7] Product Features - Lowe's Style Studio™ allows customers to focus on specific kitchen elements or redesign the entire space, providing a full-scale visualization of countertops, backsplashes, and appliances [2][4] - The experience utilizes spatial computing to blend digital content with physical spaces, enhancing customer interaction through intuitive controls [5] Customer Engagement - Customers are encouraged to bring family or professionals to their sessions, which can be mirrored on an iPad for collaborative design [6] - At the end of the session, customers can save and share their design choices digitally, with options to store selections in their Lowe's account for future reference [6] Market Positioning - The introduction of Lowe's Style Studio™ reflects a trend towards personalized, immersive retail experiences powered by technology, aiming to enhance customer confidence in home renovation decisions [4][5]

Core Insights - Lowe's has launched Lowe's Style Studio™ for Apple Vision Pro, allowing customers to visualize and design their dream kitchens in an immersive 3D experience [1][2] - The pilot program will begin on March 15, 2025, in five stores across Austin, Texas, and will feature 45-minute consultations with Lowe's associates [2][3] - The technology utilizes spatial computing to blend digital content with physical space, enhancing customer interaction and experience [2][4] Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company, serving approximately 16 million customer transactions weekly in the U.S. [6] - The company reported total fiscal year 2024 sales exceeding $83 billion and operates over 1,700 home improvement stores with around 300,000 employees [6] Technology and Features - Lowe's Style Studio™ incorporates a teleport feature, allowing users to view their kitchen from different angles with a simple finger flick [4] - The app is available in the App Store for Apple Vision Pro and complements other Lowe's technologies, such as MyLowe's Home and Style Your Space [5] Community Engagement - Lowe's is committed to supporting communities through initiatives focused on safe housing, community space improvement, and skilled trade development [6][8]