Financial Data and Key Metrics Changes - Revenue for Q3 was $3,100,000, a decrease of 20% compared to Q3 2024, and down 23% sequentially from $4,000,000 in Q2 2025 [3][13] - Q3 expenses were $2,500,000, which is 16% lower than the $2,900,000 in Q3 2024 [3][14] - Operating loss was $1,100,000, similar to the loss reported in Q3 2024 [3][14] - Gross margin for the quarter was 47.7%, down from 49% in Q3 2024 and 49.9% in Q2 2025 [14] - Adjusted EBITDA for Q3 was a loss of $540,000 compared to a loss of $510,000 in Q3 2024 [15] - Cash totaled $2,000,000 as of September 30, down from $2,600,000 at June 30 [16] Business Line Data and Key Metrics Changes - Sales to distribution partners were weaker than expected, leading to lower revenue [4] - The company successfully delivered Capture SDK 2.0, which supports new Bluetooth low energy products and is compatible with existing devices [5] Market Data and Key Metrics Changes - The company is seeing interest from various sectors, including warehousing, logistics, manufacturing, mining, energy, and construction [9][10] - Initial rollouts in the industrial scanning market have been successful, with ongoing projects expected to continue into 2026 and beyond [10] Company Strategy and Development Direction - The company is focusing on expanding into the industrial scanning and handheld computing markets [9] - Continued investment in product lines designed for iPhone, which is expected to open new customer segments [11] - The strategy includes managing expenses tightly while pursuing opportunities related to Apple products [6] Management's Comments on Operating Environment and Future Outlook - Management noted that Q3 was a difficult quarter with uncertainty causing delays and cancellations of projects [4] - The expectation for Q4 is to be EBITDA neutral, with a stronger outlook for 2026 [6] Other Important Information - The company is managing inventory levels to avoid excess stock in a slower demand environment [16] Q&A Session Summary Question: Will the company need to do any more convertible debt soon? - Management stated there are currently no plans to do convertible debt and believes they can achieve profitable operating levels if they get through Q4 at EBITDA neutral [20][21] Question: Is there enough cash to move forward without raising more? - Management confirmed that there is enough cash to proceed without the need for additional fundraising [21]

Financial Data and Key Metrics Changes - Revenue for Q2 was $4 million, a decrease of 20% compared to Q2 2024, reflecting continued softness in customer demand [3][12] - Gross margin for Q2 was 50%, down slightly from 51% in Q2 2024, but consistent with Q1 2025 [12] - Operating loss was $700,000 for Q2, compared to a loss of $500,000 in Q2 2024 and a loss of $900,000 in Q1 2025 [3][13] - Adjusted EBITDA for Q2 was a loss of $100,000, compared to positive EBITDA of $8,000 in Q2 last year and a loss of $480,000 in Q1 [14] - Cash balance as of June 30 was $2.6 million, supported by $1.5 million in convertible note financing [14] Business Line Data and Key Metrics Changes - The company experienced weakness in both domestic and international businesses, leading to lower-than-expected revenue [4] - The deployment of the ExtremeScan products to a large industrial customer was successful, although a significant portion of the deployment has been delayed to 2026 [4][5] Market Data and Key Metrics Changes - Interest in the ruggedized scanning market is growing, with purchase orders received from multiple Fortune 50 companies [8] - The company is diversifying its business beyond retail into industrial scanning and handheld computing markets [9][10] Company Strategy and Development Direction - The company plans to control costs while sustaining investments in research and development, particularly related to Apple sales opportunities [6] - The strategy includes entering the ruggedized mobile handheld computing market to reduce dependence on retail [10] Management's Comments on Operating Environment and Future Outlook - Management noted that the business environment remains uncertain, leading to delays in projects and a slowdown in deployments [4] - The outlook has changed to expect EBITDA neutrality rather than profitability for 2025 [6] Other Important Information - Operating expenses for Q2 were $2.7 million, down from $3.1 million in the same quarter last year [13] - Inventory as of June 30 was $4.8 million, down from $5.3 million at the end of Q1, reflecting tighter inventory management [15] Q&A Session Summary Question: No questions were asked during the Q&A session - There were no questions from participants during the call [16]

Financial Data and Key Metrics Changes - Revenue for Q1 was $4,000,000, a decrease of 20% compared to Q1 2024 [3][11] - Gross margin for Q1 was 50.4%, slightly down from 51% in Q1 2024 [3][11] - Operating loss was $900,000, compared to a loss of $500,000 in Q1 2024 [3][12] - Adjusted EBITDA loss was $485,000, compared to a positive EBITDA of $40,000 in Q1 2024 [12] - Diluted loss per share in Q1 was $0.13, compared to $0.07 in Q1 2024 [12] Business Line Data and Key Metrics Changes - The industrial segment showed initial positive signs, with increased interest from various sectors including warehousing, logistics, and manufacturing [4][7] - The company launched new products in the ruggedized scanning market, which is expected to diversify its business beyond retail [8][10] Market Data and Key Metrics Changes - The company sources approximately 30% of materials from Mexico, 20% from Taiwan, and 10% from China, indicating a significant international supply chain [5] - The retail market is expected to remain stable until there is more certainty in the economic environment [6] Company Strategy and Development Direction - The company is focusing on expanding into the industrial scanning and handheld computing markets, which is expected to yield positive results in 2025 [7][10] - Investments in customer and developer experience are aimed at enhancing product integration and support, thereby diversifying the customer base [10] Management's Comments on Operating Environment and Future Outlook - Management noted that Q1 was a difficult start to the year due to uncertainty affecting deployments and routine business [4] - The company anticipates achieving positive EBITDA results for Q2 and profitable operating levels for the second half of the year [6] Other Important Information - The company ended Q1 with a cash balance of $1,700,000 and renewed a $3,000,000 domestic bank credit line [13] Q&A Session Summary - There were no questions during the Q&A session [14]