Financial Data and Key Metrics Changes - For Q2 2025, the company reported revenue of $4.4 million, a decrease of 14% compared to $5.1 million in Q2 2024 [9] - Year-to-date revenue through June 30, 2025, was $9 million, down 17% from $10.9 million in the same period last year [10] - GAAP net loss for Q2 2025 was $15.1 million, or $0.78 loss per share, compared to a GAAP net loss of $6.9 million, or $0.66 loss per share in Q2 2024 [15] - Non-GAAP net loss for Q2 2025 was $2.8 million, or $0.14 loss per share, compared to a non-GAAP net loss of approximately $4 million, or $0.38 loss per share in Q2 2024 [16] Business Line Data and Key Metrics Changes - Family Safety revenue for Q2 2025 was $3.6 million, a decrease of 14% compared to the same quarter last year [10] - CommSuite revenue increased to $777,000 in Q2 2025, up $246,000 from Q2 2024 [10] - ViewSpot revenue was nominal for Q2 2025, declining by $371,000 compared to Q2 2024, with the product line sold for $1.3 million [11] Market Data and Key Metrics Changes - The company is actively engaged in discussions with mobile operators in North America and Europe, focusing on the SafePath platform [5] - The SafePath OS for kids and seniors is positioned to capture significant market opportunities, aligning with carrier partners' long-term strategies [20][27] Company Strategy and Development Direction - The company is focused on expanding its portfolio with significant upgrades to the SafePath platform, including the AI-enabled SafePath 8 [19] - The launch of SafePath OS for seniors is expected by the end of the quarter, targeting an underserved market [26] - The company aims to leverage AI solutions to enhance family safety offerings, including social media intelligence and AI blocking functionalities [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a meaningful turnaround, with expectations for sequential quarterly revenue growth in Q4 2025 [32] - The family safety market is seen as entering a new phase of relevance, with opportunities for growth as carriers seek to attract family subscribers [38] - Management believes the senior market could be larger than the kids' market, indicating a significant untapped opportunity [39] Other Important Information - The company completed a follow-on offering of approximately 1.6 million shares, resulting in proceeds of about $1.5 million before fees [9][18] - GAAP operating expenses for Q2 2025 were $18.2 million, an increase of 73% compared to Q2 2024, primarily due to a goodwill impairment charge [13] Q&A Session Summary Question: Can you comment on any change in the size of the family safety market? - Management noted that the family safety market is entering a new time of relevance, with growth opportunities as carriers seek to attract family subscribers [38] Question: What are you seeing in terms of in-house development at the MNOs? - Management observed that MNOs are focused on expanding their subscriber base, particularly targeting family subscribers, which tend to churn less and spend more [38]

Financial Data and Key Metrics Changes - For Q1 2025, the company recognized revenue of $4.6 million, a decrease of approximately 20% compared to $5.8 million in Q1 2024 [9] - Family Safety revenues were $3.8 million, down approximately 15% year-over-year, primarily due to the decline in legacy Sprint safe and found revenue [9] - Gross profit for Q1 2025 was approximately $3.4 million, down from $3.8 million in the same period of the prior year, with a gross margin of 73% compared to 66% in Q1 2024 [11] - GAAP net loss for Q1 2025 was $5.2 million or $0.28 loss per share, significantly improved from a GAAP net loss of $31 million or $3.28 loss per share in Q1 2024 [12][13] Business Line Data and Key Metrics Changes - CommSuite revenue was approximately $700,000, an increase of $100,000 compared to Q1 2024, but decreased by $400,000 compared to Q4 2024 [10] - ViewSpot revenue was approximately $100,000, down $600,000 year-over-year, primarily due to the end of a contract [10] Market Data and Key Metrics Changes - The company expects consolidated revenues for Q2 2025 to be in the range of approximately $4.4 million to $4.8 million [11] - The company reported $2.3 million in cash and cash equivalents as of March 31, 2025, and filed a new shelf registration with $75 million capacity [15] Company Strategy and Development Direction - The company is focusing on SafePath OS for kids and senior phones, aiming to align with mobile operators' core business strengths [5] - SafePath eight, the next generation of the SafePath platform, will introduce AI-centric features to enhance family safety solutions [8][16] - The company is optimistic about closing new customer deals and expanding agreements with current customers [5][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong global demand for digital family safety solutions, viewing it as an immense opportunity for growth [7] - The company is seeing positive shifts in conversations with current and prospective customers regarding their latest solutions [24] - Management remains optimistic about the company's prospects for a return to growth and profitability [28] Other Important Information - The company has engaged in extensive discussions with mobile operator partners regarding new initiatives [5] - The new SafePath eight platform will include features such as social media intelligence and a family AI assistant [18][21] Q&A Session Summary Question: Metrics on SafePath 2.0 performance - Management indicated that SafePath 2.0 is off to a strong start with good adoption expected to improve during the summer and back-to-school period [31] Question: Engagements and pilots for SafePath Kids - Management confirmed expectations for meaningful launches in Q3, aligning with back-to-school opportunities [34] Question: Visibility on SafePath Seniors pilots and pricing thoughts on SafePath eight - Management noted that the first trial for SafePath Seniors has already occurred, with a potential launch in Q4 [38] Question: Relevance of tablets and potential impacts from global disruptions - Management stated that the SafePath OS solution will run on tablets and is compatible with existing carrier offerings [51]

Financial Data and Key Metrics Changes - The company recognized revenue of $4.6 million for Q1 2025, a decrease of approximately 20% compared to $5.8 million in Q1 2024 [8] - Family Safety revenues were $3.8 million, down 15% year-over-year, primarily due to the decline in legacy Sprint safe and found revenue [9] - Gross profit for Q1 2025 was approximately $3.4 million, a decrease of $400,000 from the same period last year, with a gross margin of 73% compared to 66% in Q1 2024 [10] - GAAP net loss for Q1 2025 was $5.2 million, or $0.28 loss per share, compared to a GAAP net loss of $31 million, or $3.28 loss per share in Q1 2024 [11] Business Line Data and Key Metrics Changes - CommSuite revenue was approximately $700,000, an increase of $100,000 compared to Q1 2024, but decreased by $400,000 from Q4 2024 [9] - ViewSpot revenue was approximately $100,000, down $600,000 year-over-year, primarily due to the end of a contract last year [9] Market Data and Key Metrics Changes - The company expects consolidated revenues for Q2 2025 to be in the range of approximately $4.4 million to $4.8 million [10] Company Strategy and Development Direction - The company is focusing on SafePath OS for kids and senior phones, and SafePath Kids rate plan solutions, which align with mobile operators' core business strengths [5] - The upcoming release of SafePath eight will introduce AI-centric features aimed at enhancing family safety solutions [7][15] - The company is optimistic about closing new customer deals and expanding agreements with current customers [5][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong global demand for digital family safety solutions, viewing it as an immense opportunity for growth [6] - The company is optimistic about returning to growth and profitability, particularly with the upcoming product innovations [26] Other Important Information - The company filed a new shelf registration to replace the expiring one, maintaining a capacity of $75 million [13][14] Q&A Session Summary Question: Metrics on SafePath 2.0 performance - Management indicated that SafePath 2.0 is off to a strong start with good adoption expected to improve during the summer and back-to-school period [28][30] Question: Engagements and pilots for SafePath Kids - Management confirmed expectations for meaningful launches in Q3, aligning with back-to-school opportunities [31][32] Question: Visibility on SafePath Seniors pilots and pricing thoughts on SafePath eight - Management stated that the first trial for SafePath Seniors has already occurred, with a potential launch in Q4 [34][36] Question: Relevance of tablets and competitive landscape - Management noted that their OS solution is compatible with existing devices, including tablets, and emphasized the importance of family safety features in attracting loyal customers [42][48]

Financial Data and Key Metrics Changes - For Q4 2024, revenue was $5 million, a decrease of approximately 42% from $8.6 million in Q4 2023, but an increase of about $300,000 or 7% compared to Q3 2024 [17] - Total revenue for 2024 was $20.6 million, down 50% from $40.9 million in 2023, primarily due to the conclusion of the Verizon Family Safety Contract and a decline in Safe and Found Family Safety revenue [18] - Gross profit for Q4 2024 was approximately $3.8 million, down from $6.4 million in Q4 2023, while gross margin improved to 76% from 75% [21] - GAAP net loss for Q4 2024 was $4.4 million or $0.25 loss per share, compared to a net loss of $6.7 million or $0.74 loss per share in Q4 2023 [25] Business Line Data and Key Metrics Changes - Family Safety revenues in Q4 2024 were $3.8 million, a decrease of approximately 49% compared to Q4 2023, primarily due to the end of the Verizon Family Safety Contract [18] - CommSuite revenues for Q4 2024 were $1.1 million, an increase of approximately $600,000 compared to Q4 2023, driven by subscriber growth [19] - ViewSpot revenue was nominal in Q4 2024, declining by approximately $500,000 compared to Q4 2023 due to the end of a contract [19] Market Data and Key Metrics Changes - The company is experiencing strong interest in its SafePath offerings, particularly SafePath Kids, which has shown significant appeal to parents seeking safer mobile experiences for their children [14][38] - The senior safety market is identified as a rapidly growing segment, with the population aged 65 and older growing at a rate up to four times faster than younger populations [33] Company Strategy and Development Direction - The company is shifting focus towards three family safety offerings: SafePath Kids, SafePath OS for kids' phones, and SafePath OS for seniors [31] - The strategy includes leveraging existing phone inventory from popular manufacturers to deliver SafePath OS products quickly to market [40] - The company aims to align its innovations with the core business objectives of mobile operators, focusing on adding new subscribers and selling more devices [41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to growth and profitability in the second half of 2025, driven by new customer offerings and market demand [73] - The company is confident in its ability to capitalize on the growing interest in its SafePath products, indicating a strong pipeline of opportunities [41][52] Other Important Information - The company reported cash and cash equivalents of $2.8 million as of December 31, 2024 [28] - There were payment delays from a major customer due to a change in their payment platform, but this issue has been resolved [29] Q&A Session Summary Question: How will success be framed for the TuYo service? - Management noted that Orange Spain's success with TuYo is attracting interest from other carriers, with a significant portion of sign-ups coming from competitors [60] Question: What is the timeline for bringing new carriers on board? - Management indicated that there is strong interest among carriers for a summer launch, with ongoing demos and trials [64] Question: What is the status of the senior safety phone product? - Management confirmed that the core SafePath OS product is ready, and there is strong interest from carriers for launching this offering [70] Question: What are the expectations for sequential growth in 2025? - Management anticipates a return to growth and profitability in the back half of the year, driven by new customer offerings [73]