Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $19.4 million, a decrease of 13.3% from $22.4 million in Q2 2024 [23] - Net income in Q2 2025 was $0.7 million compared to $2.2 million in Q2 2024 [24] - Overall gross margin increased to 52.8% from 49.2% in the same period of 2024 [24] - Average daily active terminals (DAT) increased by 3.8% to 317,957 from 306,289 in 2024 [21] Business Line Data and Key Metrics Changes - Average monthly active terminals (MAT) for GlobalMe IoT business increased by 791% to 42,095 from 4,725 in 2024 [22] - MAT for GlobalMe's SIM business rose by 120.1% to 42,271 from 19,208 in 2024 [22] - MAT for Glucomi Life business increased by 105.2% to 2,633 from 1,283 in 2024 [22] - MAT for Glucomi mobile fixed broadband business decreased by 4.4% to 576,198 from 602,909 in 2024 [22] Market Data and Key Metrics Changes - Revenue from services was $14.6 million in Q2 2025, an increase of 3.3% from $14.2 million in Q2 2024 [23] - Geographically, Japan contributed 33.6%, Mainland China 33.2%, and North America 15.3% to total revenue in Q2 2025 [23] Company Strategy and Development Direction - The company is focusing on three transformative growth plans: Glucomine Life, Glucomine SIM, and Glucomine IoT, with significant investments in R&D and marketing [6][7] - The company aims to strengthen its legacy mobile broadband business while expanding its market share in the IoT sector [6] - The launch of several groundbreaking products is anticipated, with a robust pipeline and positive market feedback [7][8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic challenges and global trade headwinds impacting revenue guidance for 2025, revising expectations to a range of $22 million to $26 million [18] - Despite challenges, the company remains committed to executing its strategic investments for sustainable growth [17] Other Important Information - The company had 183 patents as of June 30, 2025, with 167 approved and 16 pending [22] - Operating cash outflow was recorded at $0.2 million compared to an inflow of $4.7 million in the same period of 2024 [25] Q&A Session Summary Question: Growth expectations for the GlocalMe ecosystem - Management expects strong growth in the IoT, SIM, and LIVE businesses, with significant increases in average monthly active terminals [27][28] Question: Reasons for below-expectation product sales - The delay of orders from Japan and macroeconomic trade headwinds were cited as primary reasons for lower-than-expected sales [37][38] Question: Impact of industrial headwinds on upcoming products - Management expressed confidence in the new products, citing positive feedback from trials and a strong marketing strategy [41][42]