Core Viewpoint - The company has a positive outlook for 2026, driven by expected growth in its CCAS (Cybersecurity as a Service) business and a strong order backlog [1][2] Performance Strategy - Management highlighted that the CCAS business is anticipated to accelerate in growth, with a robust channel and sufficient backlog of orders [2] - The company will continue to advance product innovation, including further application of the Offnet Secure solution and deployment of the Terra3 product to expand market reach and enhance customer success [2] - The company's financial position is strong, providing resources to support its long-term growth strategy [2]

Core Insights - The company is experiencing significant growth in its Cybersecurity as a Service (CCAS) business, with a 60% year-over-year increase in revenue for Q3 2025, reaching $7.3 million, which constitutes 28% of total quarterly revenue [2] - The company has launched a new product, Offnet Secure, aimed at extending security protections to users outside the operator's network, and has already secured its first customer [2] - The company has raised its full-year revenue guidance to between $100 million and $103 million, reflecting a 14% year-over-year increase in total revenue for Q3 2025, amounting to $26.4 million [3] Business Progress - The CCAS business is expected to account for 30% of total revenue by the end of 2025, with management projecting a more than 60% year-over-year growth in Annual Recurring Revenue (ARR) [2] - The company is investing in technology upgrades, including products like Terra3, to strengthen its competitive advantage through generative AI and network intelligence [2] Financial Performance - The company reported a non-GAAP net profit of $4.6 million for Q3 2025, with earnings per share of $0.10 [3] - As of September 30, 2025, the company had cash and investments totaling $81 million, with no debt and positive operating cash flow for three consecutive quarters [3] Future Development - The company anticipates continued acceleration in CCAS business growth in 2026, driven by a "cybersecurity-first" strategy and increasing market penetration [4] - The demand for network intelligence and security is closely linked to advancements in 5G, AI computing power, and the Internet of Things [4]