Financial Performance - The company reported total revenue of approximately $19.4 million for Q2, a decrease of about 13.3% compared to $22.4 million in Q2 2024, and $3.6 million below market expectations [1] - Gross profit for Q2 was approximately $10.2 million, down 7.0% from $11.0 million in Q2 2024 [1] - Operating profit for Q2 was approximately $0.8 million, compared to $2.3 million in Q2 2024 [1] - Net profit for Q2 was approximately $0.7 million, down from $2.2 million in Q2 2024 [1] - Under Non-GAAP standards, adjusted net profit for Q2 was about $0.5 million, compared to $2.6 million in Q2 2024 [1] Operational Metrics - Total data consumption through the company's platform in Q2 was 45,441 TB, an increase of 7.9% from 42,133 TB in Q2 2024 [2] - Average daily active terminals (DAT) for Q2 was 317,957, up 3.8% from 306,289 in Q2 2024 [2] - Average DAT from GlocalMe IoT business increased by 1,078.9% to 8,610 from 730 in Q2 2024 [2] - Average DAT from GlocalMe SIM business grew by 164.0% to 5,979 from 2,265 in Q2 2024 [2] - Average monthly active terminals (MAT) for Q2 was 663,197, a 5.6% increase from 628,125 in Q2 2024 [3] Future Outlook - For Q3 2025, the company expects total revenue to be between $22 million and $26 million, below the market expectation of $26.5 million, indicating a potential decline of 12.7% to an increase of 3.2% compared to the same period in 2024 [3] - The company anticipates total revenue for 2025 to be between $85 million and $95 million, lower than the market expectation of $96.25 million, and revised from a previous range of $95 million to $130 million [3] - The company is adjusting its performance guidance due to ongoing macroeconomic challenges and global trade headwinds that may continue to impact various industries [3]