Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $21.1 million, a decrease of 16% from $25.2 million in Q3 2024 [18] - Net income for Q3 2025 was $9.3 million, compared to $3.4 million in the same period of 2024 [20] - Gross profit was $11.3 million in Q3 2025, down from $12.2 million in Q3 2024, but gross margins improved to 53.6% from 48.4% [19][20] - Revenue from service was $17 million, a slight decrease of 1.4% from $17.3 million in Q3 2024, contributing 80.6% of total revenue [19] Business Line Data and Key Metrics Changes - GlocalMe LINE business line saw average monthly active terminals reach 3,903, an increase of 408.2% year-over-year [8] - GlocalMe IoT recorded a year-over-year increase of 583.0% in average monthly active terminals [10] - GlocalMe SYNC surpassed 400,000 cumulative cars sold, with a 269.5% year-over-year increase in average monthly active terminals [11] - Average monthly active users (MAUs) for GlocalMe IoT, GlocalMe SYNC, and GlocalMe Life increased by 593.3%, 188.2%, and 382.3%, respectively [18] Market Data and Key Metrics Changes - Geographically, Japan contributed 33.2%, Mainland China 35.1%, North America 15.4%, and other regions 16.3% to total revenue in Q3 2025 [19] - The revenue from Mainland China has increased significantly, becoming the largest market due to the recovery of Chinese outbound travel [27][28] Company Strategy and Development Direction - The company is focused on overcoming digital divides through innovative connectivity solutions and plans to invest in R&D and marketing to accelerate growth [6][14] - New product lines such as GlocalMe LINE, GlocalMe SYNC, and GlocalMe IoT are expected to drive future growth, with strong user adoption and positive feedback [6][10] - The company aims to establish a new operational structure and raise additional capital to support global expansion, particularly in the pet tech sector [9][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex macroeconomic and trade environment but emphasized maintaining operational profitability and stable margins [5] - For Q1 2025, the company expects total revenues to be between $22 million and $26.5 million, indicating a potential decrease of 15.4% to an increase of 1.9% compared to Q1 2024 [15] - The company is revising its full-year 2025 revenue guidance to a range of $81.3 million to $85.8 million due to ongoing macroeconomic challenges [16] Other Important Information - The company maintained a solid balance sheet with cash and cash equivalents of $28.5 million as of September 30, 2025 [21] - Average daily active terminals (DATs) were 332,674, reflecting a 3.8% increase from Q3 2024 [17] Q&A Session Summary Question: Sources of $9 million in other income - Management clarified that the $9 million gain was from the fair values of other investments, identified as a change in fair values [23] Question: Reasons for decline in product sales - The decline was attributed to a $2.6 million decrease in low-margin product sales and a $1.1 million decrease due to delayed orders from a Japanese customer [24] Question: Drivers behind revenue increase in Mainland China - The growth was driven by the recovery of Chinese outbound travel and increased adoption of 5G services [27][28] Question: Impact of trade tensions on the market - Management believes the trade war has limited impact on the business, especially for new product launches in the US market [31] Question: Details on NCAR infotainment system orders - The company has secured orders from multiple providers, covering a significant portion of the market, indicating strong future growth potential [39]

Core Points - Cycurion, Inc. has been awarded a contract by a major telecommunications company for network deployment services aimed at modernizing a significant federal government agency's infrastructure [1][2] - The project will replace outdated infrastructure with a secure and flexible communication network, enhancing emergency warning capabilities across over 1,300 sites in all 50 states and U.S. territories [2] - The contract has a potential total value exceeding $1 million and is expected to last between 24 to 36 months [2] Company Background - Cycurion is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI, focusing on delivering secure and innovative services to various clients, including government and healthcare sectors [4] - The company has a long-standing partnership with the telecommunications provider, spanning over 20 years, and has consistently met stringent government standards [3] - Cycurion utilizes its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations [4]