Core Insights - The wavelength business is experiencing strong demand for circuit connections, but this has not yet translated into significant revenue growth [1] - The company's 3Q wavelength revenue increased by $1 million sequentially to $10 million, which annualizes to $40 million, falling short of the previous goal of $100 million annualized by year-end [2] Group 1 - The company has a key customer that has not yet been ready to accept the installed circuits, impacting revenue realization [1] - The current annualized revenue from the wavelength business is significantly below expectations, indicating potential challenges in scaling the business [2]