Financial Performance - Q3 2025 revenue reached $123.3 million, a 21.6% year-over-year increase[16] - Q3 2025 gross margin improved to 37.6%, a 4.4 percentage point increase year-over-year[16] - Q3 2025 adjusted net profit was $11.9 million[18,50] - Q3 2025 adjusted EBITDA was $21.9 million[20,50] - The company ended the period with $143 million in cash, including restricted cash, a $33 million increase[59] Business Development and Strategy - The company established a partnership with Škoda Group to develop battery systems for rail applications, with the first prototype expected by the end of 2026[44] - The company is expanding its Huzhou facility with Phase 3.2, expected to provide an additional 2 GWh of capacity annually, with initial production anticipated in Q1 2026[28,33] - The company is focused on product innovation, market capture, and capacity expansion[23,24] Outlook - The company projects revenue growth of 18-25% for 2025, with revenue guidance of $450-475 million[63,64] - The company is targeting a gross margin range of 32%-35% for 2025[65] - The company anticipates over 50% year-over-year revenue growth in the Americas for 2025[67]

Financial Performance - Q2 2025 revenue reached $91.3 million, a 9.2% year-over-year increase[18] - Q2 2025 gross margin improved to 34.7%, a 2.2 percentage point increase year-over-year[18] - Adjusted EBITDA for Q2 2025 was $25.9 million[20] - The company achieved an adjusted net profit of $16.3 million for the quarter after accounting for non-cash items[57] Regional Revenue - APAC revenue for Q2 2025 was $47.658 million, a 34% increase year-over-year[60] - EMEA revenue for Q2 2025 was $38.885 million, a 17% decrease year-over-year[60] - USA revenue for Q2 2025 was $4.796 million, a 276% increase year-over-year[60] Cash Flow and Outlook - The company ended the period with $138.8 million in cash, including restricted cash, a $29.2 million increase[66] - The company is targeting revenue growth of 18-25% for 2025[70] - Revenue guidance for 2025 is $450-475 million[71] - The company is targeting a gross margin of 30-32% for 2025[72]