BASINGSTOKE, United Kingdom, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Global tech strategists Juniper Research today released its Top 10 Emerging Tech Trends for 2026; revealing how frontier technologies such as post-quantum cryptography, neuromorphic computing, and physical AI are expected to shape enterprise strategy and investment over the coming year. Grounded in independent research and market evidence, the report cuts through industry hype to focus on technologies with credible paths to deployment and adopti ...

Financial Data and Key Metrics Changes - The company reported first quarter revenue of $13.1 million, exceeding the guidance range of $12 million to $13 million, driven by stronger than expected product revenue [5][14] - Non-GAAP EPS for the first quarter was $0.02, above the guidance range of a non-GAAP net loss of $0.05 to breakeven [16] - GAAP gross margin was 51.4%, slightly up from 51.3% in the previous quarter but down from 56.5% in Q1 2024 [15] - Non-GAAP net income was $400,000, compared to $1.5 million in Q1 2024 [16] Business Line Data and Key Metrics Changes - MRAM product sales in Q1 were $11 million, consistent with Q4 2024 and slightly up from $10.9 million in Q1 2024 [14][15] - Licensing, royalty, patent, and other revenue decreased to $2.1 million from $3.6 million in Q1 2024, attributed to lower revenue from the Front Grade project [15] Market Data and Key Metrics Changes - The company continues to see strong engagement in the automotive sector, with MRAM technology being utilized by five companies for data capture [6] - The company attended Embedded World in Germany, marking its largest presence since 2017, indicating strong interest in its products [10] Company Strategy and Development Direction - The company is focused on scaling its business and converting design wins into revenue, with expectations for a stronger second half of 2025 due to typical seasonality [18][19] - New products announced include the Persist EM064LX HR and EM128LX HR, designed for automotive applications, with engineering samples available in June 2025 [11] Management's Comments on Operating Environment and Future Outlook - Management expects 2025 to be weighted more heavily towards the second half, reflecting typical seasonality and no significant impact from tariffs [14][18] - There are signs of cyclical recovery in the industrial segment, with improvements in backlog and traction on STT products [30][42] Other Important Information - The company maintains a strong balance sheet with cash and cash equivalents of $42.2 million, up from $42.1 million in the previous quarter [17] - The company is involved in projects with the Department of Defense and other strategic partners, indicating a focus on high-reliability applications [9][13] Q&A Session Summary Question: Impact of tariffs on products going to China - Management indicated that direct sales to China are not significant, and tariffs would primarily affect the importer, not the company directly [22][24][26] Question: Signs of cyclical recovery in industrial business - Management confirmed improvements in backlog and traction on STT products, indicating a positive trend in the industrial segment [30][32][42] Question: Commentary on second quarter guidance and revenue split - Management expects overall revenue to increase, but did not provide specific guidance on the split between product and licensing revenue [32][34] Question: Dynamics of gross margins - Management stated that gross margins are expected to remain consistent around 51% for the rest of the year [38] Question: Expectations for operating expenses - Management anticipates operating expenses to remain in the same range throughout the year, with some increases due to product development work [48]