Financial Performance - The company reported Q1 2025 revenue of $33 million[9], a 26% increase compared to Q1 2024[24] - GAAP gross margin was 41% in Q1 2025[9, 24], up from 29% in Q1 2024[24, 30] - Non-GAAP gross margin was 46% in Q1 2025[24, 30], compared to 36% in Q1 2024[24, 30] - The company shipped over 4,700 sensors in Q1 2025[24], a 6% increase compared to Q1 2024[24] - The company's cash and equivalents stand at $171 million with no debt[9] Strategic Priorities - The company aims to capture the $19 billion smart infrastructure market opportunity[15] - The company is focused on scaling the software attached business[14] - The company is working to transform the product portfolio with new hardware and software[14, 19] - The company is executing towards profitability, aiming for 30-50% annual revenue growth and maintaining a gross margin of 35-40%[14, 21] Q2 2025 Guidance - The company expects revenue between $32 million and $35 million for Q2 2025[26]