Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $21.1 million, a decrease of 16% from $25.2 million in Q3 2024 [21] - Net income for Q3 2025 was $9.3 million, compared to $3.4 million in the same period of 2024 [23] - Gross profit was $11.3 million in Q3 2025, down from $12.2 million in Q3 2024, but gross margins improved to 53.6% from 48.4% [22] - Adjusted EBITDA was $1.4 million in Q3 2025, down from $4.4 million in Q3 2024 [23] Business Line Data and Key Metrics Changes - Glaucoma Life business line saw average monthly active terminals (MAT) reach 3,903, an increase of 408.2% year over year [9] - Glaucoma IoT recorded a year-over-year increase of 583% in average daily active terminals [12] - Glaucoma SIM surpassed 400,000 cumulative cars sold, with a 269.5% year-over-year increase in average MAT [13] - Average monthly active users (MAUs) for Glaucoma IoT, Glaucoma Sync, and Glaucoma Life increased by 593.3%, 188.2%, and 382.3% respectively [20] Market Data and Key Metrics Changes - Revenue from Japan contributed 33.2%, Mainland China 35.1%, North America 15.4%, and other regions 16.3% in Q3 2025 [22] - The company reported a significant increase in revenue from Mainland China, driven by the recovery of Chinese outbound travelers [34][36] Company Strategy and Development Direction - The company is focused on overcoming digital divides through innovative connectivity solutions and strategic investments in R&D and marketing [7] - Plans to develop pet tech as a standalone application and expand distribution channels in North America and Europe [11] - The launch of new products like the Miracle G40 Pro and Miracle G50 MAX is expected to drive future growth [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged persistent macroeconomic challenges and global trade headwinds impacting revenue guidance for 2025 [17] - The company expects total revenues for 2025 to be between $81.3 million and $85.8 million, reflecting a potential decrease of 15.4% to an increase of 1.9% compared to 2024 [17] - Management expressed confidence in the ability to scale user base and expand global partnerships despite external challenges [16] Other Important Information - The company maintained a solid balance sheet with cash and cash equivalents of $28.5 million as of September 30, 2025 [24] - The average daily data usage per terminal was reported at 1.57 gigabytes in September 2025 [19] Q&A Session Summary Question: Sources of $9 million in other income - The $9 million gain was primarily from the fair values of other investments [26] Question: Reasons for decline in product sales - Product sales decreased by $4 million, attributed to low-margin products and delays in orders from Japanese customers [27][28] Question: Drivers behind increased revenue from Mainland China - Growth driven by Chinese outbound travelers and the company's strong 5G offerings [34][36] Question: Impact of trade tensions on the market - Management believes trade tensions have limited impact, with expectations for recovery in sales as new products launch [41][44]