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]