PowerFleet (AIOT) Q1 2025 Earnings Call August 11, 2025 08:30 AM ET Speaker0Greetings. Welcome to PowerFleet's First Quarter twenty twenty six Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded.I will now turn the conference over to your host, David Wilson, PowerFleet's Chief Financial Officer. You may begin.Speaker1Thank you, operator, and I'm delighted to welcome everyone ...

Q1 FY26 Results & Operational Highlights August 2025 Important Disclaimers The contents of this presentation are not to be construed as legal, regulatory, business, accounting or tax advice. You should consult your own attorney, business advisor, accountant and tax advisor as to legal, regulatory, business, accounting and tax advice. This presentation has been prepared exclusively for the internal confidential use of the recipient only. This presentation is confidential. Any reproduction of distribution of ...

Core Viewpoint - The article discusses the strategic shift of GritGene, a 3D graphics engine company, from a heavy reliance on smart city business to focusing on new terminal products like smart vehicles, consumer smartphones, and XR devices, highlighting the challenges and opportunities in the 3D engine market [2][3][30]. Group 1: Business Strategy - GritGene decided to reduce its smart city business, which previously accounted for nearly half of its revenue, to pivot towards new terminal products [2][3]. - The company aims to avoid direct competition with established players like Unreal Engine and Unity in the gaming sector, instead focusing on non-gaming applications where 3D engines can thrive [8][30]. - GritGene's strategy involves deep collaboration with major clients like BYD to create benchmark cases that can help standardize processes and expand market reach [15][14]. Group 2: Market Challenges - The article notes the decline in investment interest during the capital market downturn, which has affected many tech startups, including GritGene [6][5]. - The company faced challenges due to external factors such as U.S. sanctions on Chinese tech firms, impacting its partnerships and project timelines [6][7]. - GritGene's revenue is expected to decline in 2023 but is projected to double by 2024 and potentially double again by 2025, indicating a recovery trajectory [3][30]. Group 3: Technological Innovation - GritGene is focusing on developing a 3D-AI engine that integrates AI capabilities across various subsystems, enhancing flexibility and efficiency in 3D content creation [18][19]. - The company emphasizes a hybrid computing architecture that combines edge and cloud computing to optimize performance for mobile devices and smart vehicles [24][23]. - GritGene's engine architecture allows for modular adjustments, enabling clients to customize functionalities without affecting other components, which is crucial for diverse application needs [25][26]. Group 4: Future Outlook - GritGene plans to leverage its unique engine capabilities to provide customizable 3D data generation tools for the AI industry, aiming to transition from algorithm-driven to data-driven approaches [30][32]. - The company is also considering a return to the gaming sector with innovative concepts that blend elements from successful games, targeting a broad audience [31][32]. - The narrative suggests that GritGene's journey reflects broader trends in the tech industry, emphasizing the importance of long-term vision and technological integration in navigating market challenges [34][33].