Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $4 million, a decrease of 20% compared to Q1 2024, which was $5 million [4][18] - Gross margin for Q1 2025 was 50.4%, slightly down from 51% in Q1 2024 [4][18] - Operating loss for Q1 2025 was $900,000, compared to a loss of $500,000 in Q1 2024 [4][18] - Adjusted EBITDA loss for Q1 2025 was $485,000, down from a positive EBITDA of $40,000 in Q1 2024 [18] - Diluted loss per share in Q1 2025 was $0.13, compared to $0.07 in Q1 2024 [18] Business Line Data and Key Metrics Changes - The industrial segment showed initial positive signs, with increased interest from various sectors including warehousing, logistics, and manufacturing [5][10] - The company launched the Xtreme iXG and iXS Series, entering the $27 billion mobile handheld computing market [12][14] Market Data and Key Metrics Changes - The company sources approximately 30% of materials from Mexico, 20% from Taiwan, and 10% from China, indicating a significant international supply chain [6][7] - Retail business is expected to remain stable until market conditions improve, while industrial business is anticipated to grow primarily in the U.S. [8][5] Company Strategy and Development Direction - The company aims to diversify its business beyond retail by expanding into the ruggedized scanning market [11][12] - Investments in customer and developer experience are expected to enhance partnerships and broaden the customer base [15] Management's Comments on Operating Environment and Future Outlook - Management noted that uncertainty in the market has hindered deployments and routine business, impacting revenue [5] - The company anticipates achieving positive EBITDA results for Q2 and profitable operating levels in the second half of the year [9] Other Important Information - The company ended Q1 2025 with a cash balance of $1.7 million and renewed a $3 million domestic bank credit line [19] Q&A Session Summary - There were no questions during the Q&A session [20]