Financial Data and Key Metrics Changes - The company reported record revenue of $24 million in Q3 2025, an increase from $23 million in Q2 2025, marking seven consecutive quarters of revenue growth from Q1 2024 to Q3 2025 [4][11] - Gross profit for Q3 2025 increased by 8% to $8 million compared to $7 million in Q2 2025, with gross margin rising to 32% from 30% in the previous quarter [13][14] - Net loss per share decreased by 1 cent to 7 cents in Q3 from 8 cents in Q2, while adjusted EBITDA loss per share remained stable at 2 cents [14] Business Line Data and Key Metrics Changes - The company anticipates deploying over 50,000 products into homes and units by the end of Q4 2025, with a focus on retail and professional segments [6][30] - Significant collaborations include supplying technologies to a 278-apartment project in Austin, Texas, and a $3 billion mixed-use urban smart home city project in Miami, with expectations of supplying over 500,000 units [5][6] Market Data and Key Metrics Changes - The company has signed an agreement with Global Venture Group to deploy smart home technologies in Middle Eastern projects, including Saudi Arabia and Egypt, expecting to supply hundreds of thousands of units [4][5] - The company is experiencing growth in deferred revenue, indicating an acceleration of revenues primarily from its e-commerce platform [12] Company Strategy and Development Direction - The company is focused on expanding its market penetration through strategic partnerships and collaborations, particularly in the real estate and hotel segments [4][5][16] - The introduction of AI-driven software for its e-commerce platform is expected to increase conversion rates and sales by 30%, enhancing the overall customer experience [8][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth opportunities, particularly in the Middle East and through collaborations with major developers [16][20] - The company is making progress towards mandatory safety standardization for its products, which is expected to enhance market acceptance and safety [18][60] Other Important Information - The company raised $5 million in additional capital from leading shareholders, reflecting confidence in its strategy and development [9][11] - The upcoming launch of a patented advanced smart turbo heater fan and various plug-and-play ceiling fans is anticipated to contribute significantly to cash flow [7][27] Q&A Session Summary Question: Near-term revenue outlook and product deployment - The company expects to deploy over 50,000 products by the end of Q4, with a mix of higher-ticket items contributing to revenue growth [30][31] Question: Software upgrade impact on revenue - The software upgrade is expected to be completed by Q1 or Q2 of 2026, aiming to increase conversion rates through AI methods [36][38] Question: Current shipping status of projects - The Marriott demo has opened doors for more business, while projects in Austin and Florida are starting to supply soon, with larger projects expected to begin in 2026 [42][64] Question: Middle East opportunities - The company sees significant growth potential in the Middle East, particularly in advanced technology adoption for commercial and residential developments [67] Question: Turbo heater fan sales channels - The turbo heater fan is expected to be sold through the company's websites and potentially through Home Depot, with further announcements to come [70]