Financial Data and Key Metrics Changes - Revenue for Q1 was $4,000,000, a decrease of 20% compared to Q1 2024 [3][11] - Gross margin for Q1 was 50.4%, slightly down from 51% in Q1 2024 [3][11] - Operating loss was $900,000, compared to a loss of $500,000 in Q1 2024 [3][12] - Adjusted EBITDA loss was $485,000, compared to a positive EBITDA of $40,000 in Q1 2024 [12] - Diluted loss per share in Q1 was $0.13, compared to $0.07 in Q1 2024 [12] 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 [4][7] - The company launched new products in the ruggedized scanning market, which is expected to diversify its business beyond retail [8][10] 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 [5] - The retail market is expected to remain stable until there is more certainty in the economic environment [6] Company Strategy and Development Direction - The company is focusing on expanding into the industrial scanning and handheld computing markets, which is expected to yield positive results in 2025 [7][10] - Investments in customer and developer experience are aimed at enhancing product integration and support, thereby diversifying the customer base [10] Management's Comments on Operating Environment and Future Outlook - Management noted that Q1 was a difficult start to the year due to uncertainty affecting deployments and routine business [4] - The company anticipates achieving positive EBITDA results for Q2 and profitable operating levels for the second half of the year [6] Other Important Information - The company ended Q1 with a cash balance of $1,700,000 and renewed a $3,000,000 domestic bank credit line [13] Q&A Session Summary - There were no questions during the Q&A session [14]