Financial Data and Key Metrics Changes - The company reported a revenue increase of nearly CHF 60 million compared to the previous year, reflecting a growth of 3.5% in real numbers and 10% quarter on quarter at constant currencies [27][28] - EBITDA improved significantly to CHF 22 million from a loss of CHF 20 million last year, indicating a strong recovery in profitability [30] - The gross margin has been maintained above 50%, attributed to better planning and a larger share of healthcare products, which have higher margins [29] Business Line Data and Key Metrics Changes - The enterprise segment, which constitutes around 75% of the business, saw a revenue increase of approximately 31% year-on-year, driven primarily by retail [14] - The ProAudio segment experienced a decline in revenue to CHF 56 million from CHF 92 million last year, due to a shift from full products to lower-priced modules and longer onboarding times for new customers [17][18] - The healthcare segment reported a positive trend with revenue rising to CHF 52 million from CHF 29 million last year, reflecting growth in infrastructure products [21] Market Data and Key Metrics Changes - The company noted a stabilization in demand patterns across its major customers, indicating a return to normalcy in the enterprise market [10][12] - The impact of a weaker U.S. dollar was acknowledged, with the exchange rate dropping from above seven to around 6.4, affecting results in the current quarter [12] Company Strategy and Development Direction - The company aims to maintain its core strategy of secure and reliable communication while exploring growth opportunities in various segments, particularly in healthcare and first responder applications [42][44] - There is a focus on deepening market understanding and enhancing customer relationships to drive future growth [46][49] - The company plans to invest in technology and market development to achieve its revenue target of CHF 1 billion, although no specific timeline was provided [43][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a normalized fiscal year moving forward, with expectations of stable demand and improved predictability in revenue [76][78] - The company is actively working on diversifying its sourcing strategy to mitigate risks associated with tariffs and supply chain disruptions [104][108] - The outlook for the current financial year remains cautious, with guidance adjusted to reflect uncertainties in customer orders and component availability [36][109] Other Important Information - The company has initiated a share buyback program of CHF 20 million to enhance shareholder value [34] - A significant reduction in component inventory by approximately CHF 35 million was reported, with expectations to decrease further [31] Q&A Session Summary Question: What is the interrelation between segments? - The segments are not heavily interconnected in terms of business, but they share a common technology stack that enhances operational efficiency [62] Question: How sticky is the partnership with Philips? - The partnership is considered fairly sticky due to commitments in the frame agreement, supporting the transition of full ownership [64][65] Question: Can guidance be provided for each segment? - Management acknowledged the request for segment-specific guidance and noted it would be considered for future updates [66] Question: What is the lead time for new client contracts? - The lead time for new client contracts can vary significantly, often taking between nine to eighteen months for full implementation [95] Question: How is the sourcing situation evolving? - The company is accelerating its strategy to diversify sourcing, moving production out of China while maintaining close collaboration with customers [104][106]