Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $15 million, a 4% increase from $14.5 million in Q2 2024 [20] - Gross profit was $4.8 million, with a gross margin of 31.9%, compared to $4.3 million and 29.7% in the previous year [21] - Operating loss remained at $2.4 million, with a net loss of $2 million compared to a net loss of $900,000 in Q2 2024 [22][23] Business Line Data and Key Metrics Changes - The company secured three significant design wins across its major product lines, including FPGA SmartNICs and high-performance NICs, indicating strong performance across all sectors [10][11] - The design wins reflect the breadth of the product portfolio and the depth of customer relationships, contributing to a solid growth foundation [11][14] Market Data and Key Metrics Changes - Geographical revenue breakdown showed North America at 74%, Europe and Israel at 16%, and the Far East and rest of the world at 10% [20] - The company reported a 110% plus customer contributing about 15% of revenues, indicating strong customer retention and growth potential [20] Company Strategy and Development Direction - The company aims for double-digit revenue growth in 2026 and beyond, supported by a robust pipeline of design wins and strong cash flow [9][18] - The focus on core product lines and deepening customer relationships is expected to create reliable and diversified revenue streams [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the cybersecurity market's growth and its impact on business opportunities, indicating no negative effects from market consolidation [26][27] - The company is also exploring opportunities in the AI infrastructure market, with products designed for new AI architectures [31][32] Other Important Information - The company maintains a strong balance sheet with $80 million in cash and no debt, allowing for continued investment in growth [10][23] - The expected revenue range for 2025 is between $15 million and $16 million, with growth anticipated in the low single digits for the year [17][18] Q&A Session Summary Question: Changes in the security market and impact on opportunities - Management noted that the cybersecurity market continues to grow, with no negative impacts from recent consolidations [26][27] Question: Impact of ADC market shifts towards hardware solutions - Management acknowledged the trend towards hardware solutions and highlighted upcoming products for the ADC market [28][29] Question: Effects of AI on market opportunities - Management indicated that AI could significantly affect market opportunities, with ongoing discussions about products tailored for AI architectures [31][32] Question: Competitive environment and gross margin expectations - Management reported no significant shifts in the competitive environment affecting gross margin expectations [33]