Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased to $1.7 million from $100,000 in Q3 2024, primarily due to the acquisition of SMCB Solutions Private Ltd [8] - Annualized Revenue Run Rate for SemiCab has tripled to over $7 million since January 2025, with expectations to generate around $2 million in Q4 2025 [8][9] - Gross loss for Q3 2025 increased to $351,000 from $32,000 in Q3 2024, with gross margin percentage improving to -20% from -25% [9][10] - Net loss for Q3 2025 decreased to $1.8 million from $2.1 million in Q3 2024, attributed to cost reduction measures [12] Business Line Data and Key Metrics Changes - The SemiCab business in India contributed $1.7 million in revenue during Q3 2025, while the legacy U.S. business generated $100,000 in Q3 2024 [8] - The company has added four new Fortune 500 clients in India and converted five pilot programs into multi-million dollar contract expansions [4] Market Data and Key Metrics Changes - The global truckload transportation market is approximately $3 trillion per year, with significant inefficiencies leading to over $1 trillion in costs due to empty miles [3] - Truck utilization rates in India improved to approximately 85%, outperforming the industry average by more than 20 percentage points [4] Company Strategy and Development Direction - The company is focused on disrupting freight logistics through AI and network optimization, with the launch of SemiCab APEX as a key initiative [15] - APEX is a high-margin SaaS product designed for rapid scalability and global adaptability, expected to improve overall profitability [15][16] - The go-to-market strategy for APEX targets enterprise shippers, 3PL warehousing customers, and carriers [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of SemiCab, particularly in the U.S. market due to the high margins associated with SaaS [26] - The company anticipates substantial revenue growth over the next 12 months, with expectations for SemiCab's annualized Revenue Run Rate to reach between $15 million and $20 million by the end of next year [9] Other Important Information - The company completed the sale of its legacy Singing Machine business, resulting in a clean financial presentation focused solely on core operations [2][7] - Operating expenses for Q3 2025 decreased to $1.2 million from $1.8 million in Q3 2024 due to cost reduction measures [11] Q&A Session Summary Question: Can you explain the go-to-market strategy for APEX? - The go-to-market strategy includes targeting enterprise shippers, 3PL warehousing customers, and carriers, with a focus on integrating APEX into existing TMS systems [19][20] Question: Is the U.S. market a better immediate target than India? - Management indicated that the U.S. market offers higher margins and easier scalability due to the SaaS model, while India presents significant growth opportunities but requires more operational resources [26][27]