Company Overview & Strategy - The company is a leading provider of Data Center & Edge Computing solutions[4] - The company aims to achieve EPS of $3+ as revenues return to $150-160 million[14] - The company plans to achieve double-digit annual growth rates starting from 2026[14] - The company focuses on Edge Systems, Smart NICs, and FPGAs product lines[14] Financial Performance & Position - Q3 2025 revenues were $15.6 million, with a gross profit of $5.0 million (31.8% of revenues) and a net loss of $2.1 million (13.3% of revenues)[29] - Q1-Q3 2025 revenues totaled $45.0 million, with a gross profit of $14.1 million (31.3% of revenues) and a net loss of $6.1 million (13.7% of revenues)[30] - The company has cash & cash equivalents of $75.8 million and no debt[6, 31] - The company's working capital is $93.0 million, and shareholders' equity is $119.6 million[5, 31] Market Segmentation - North America accounts for 75% of the company's last twelve-month revenues[12, 13] - EMEA accounts for 17% of the company's last twelve-month revenues[12, 13] - APAC accounts for 8% of the company's last twelve-month revenues[12, 13]

Financial Performance - In Q1 2025, revenues were $14.4 million, with a gross profit of $4.4 million representing 30.3% of revenues[27] - Q1 2025 operating loss was $2.4 million, or (16.6)% of revenues, and net loss was $2.1 million, or (14.6)% of revenues, with an EPS (diluted) of $(0.37)[27] - In 2024, revenues reached $58.1 million, with a gross profit of $16.9 million, which is 29.0% of revenues[28] - 2024 operating loss was $10.1 million, or (17.4)% of revenues, and net loss was $10.0 million, or (17.2)% of revenues, with an EPS (diluted) of $(1.66)[28] Financial Position - The company has a strong balance sheet with $77 million in cash and cash equivalents[6,29] - The company's working capital stands at $113.7 million[29] - Total shareholders' equity is $124.7 million[6,29] - The company has no debt[6,29] Strategic Outlook - The company aims to achieve an EPS of $3+ as revenues return to $150-160 million[13] - The company plans to achieve double-digit annual growth rates starting from 2026[13] Market and Customer Base - The company has a large global customer base with 400+ active Design Wins and 200+ customers[7] - North America accounts for 78% of the last twelve-month revenues, followed by EMEA at 14% and APAC at 8%[12]