Financial Performance & Targets - FY24 revenue was $402 million[8] - FY24 gross margin was approximately 45%[8] - The company targets a mid-term (3-5 years) revenue of $600-$800 million[15, 47] - The mid-term gross margin target is 48-50%[47] - The company has an effective capital allocation strategy with R&D investment and share repurchase[49] Market & Growth Opportunities - The company estimates its serviceable addressable market (SAM) to be approximately $2 billion in 2024[13] - The company is expanding its market opportunities from $2 billion to $3 billion SAM[20] - The company estimates the HBM market to be approximately $4 billion in 2024 with a CAGR of 68% through 2030[22] - The company estimates the SiC market to be approximately $3.6 billion in 2024 with a CAGR of 14% through 2030[27] Recurring Revenue - Approximately 65% of total revenue for FY24 is recurring revenue[8] - The annual renewal rate on service contracts is approximately 93%[45]