Q4 2025 EARNINGS RESULTS Feb 19, 2026 Financial Profile | Strengthened Foundation & Improving Trajectory Overhauled Capital Structure Scalable Operating Model Strong Gross Margin Profile Consistent Adj. EBITDA Profitability Diversified Hardware & SaaS Revenue Mix Driving Sustainable Revenue Growth 2 Q4 2025 Financial Results | Beat Guidance In the Nov 6, 2025 Q3 2025 Earnings call, the Company issued guidance for Q4 2025. On Feb 19, 2026, financial results for Q4 2025 were reported and represent a 'beat' on ...

Q3 2025 Financial Performance - Total revenue for Q3 2025 reached $45.9 million, exceeding the guidance of $40 million - $43 million[6] - Adjusted EBITDA for Q3 2025 was $5.8 million, also surpassing the guidance of $4 million - $5 million[6] - The implied margin was 12.5%, higher than the guided range of 10-12%[6] - Strong FWA revenue reached $17.7 million, representing an 81% year-over-year growth compared to Q3 2024[8] - Software Services & Other Revenue contributed $12.2 million, accounting for 27% of the total revenue[8] - Non-GAAP Gross Margin was 41.8%, a 700 bps increase compared to Q3 2024[8] - The company closed Q3 2025 with a cash position of $14.6 million, a sequential increase of $1.3 million[8] Business Development and Strategy - A new Tier-1 U S carrier customer was secured for both mobile and FWA next-generation products, with FWA shipments expected in late Q4 2025 and mobile shipments in Q1 2026[9] - The company paid off the remaining $15 million on convertible notes on May 1, 2025[27]