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 - In Q4 2024, revenue was $5 million, down approximately 42% from $8.6 million in Q4 2023, but up 7% from Q3 2024 [10][11] - Total revenue for 2024 was $20.6 million, a 50% decline from $40.9 million in 2023 [10][11] - Gross profit for Q4 2024 was approximately $3.8 million, down from $6.4 million in Q4 2023, with a gross margin of 76% compared to 75% in the prior year [14][15] - GAAP net loss for Q4 2024 was $4.4 million or $0.25 loss per share, compared to a loss of $6.7 million or $0.74 loss per share in Q4 2023 [17] Business Line Data and Key Metrics Changes - Family safety revenues in Q4 2024 were $3.8 million, a decrease of 49% compared to the same quarter last year, primarily due to the end of the Verizon Family Safety contract [11] - CommSuite revenues increased to $1.1 million in Q4 2024, up approximately $600,000 from Q4 2023, driven by subscriber growth [11] - ViewSpot revenue was nominal in Q4 2024, declining by approximately $500,000 compared to the prior year due to the end of a contract [12] Market Data and Key Metrics Changes - The company is focusing on the family safety market, particularly with the launch of SafePath Kids and SafePath OS, targeting both children and seniors [21][22] - The senior safety market is identified as a fast-growing segment, with the population aged 65 and older growing significantly [22][23] Company Strategy and Development Direction - The company is shifting its focus to align its offerings with mobile operators' core business, emphasizing integrated solutions rather than just value-added services [6][26] - Plans to launch SafePath OS for seniors, targeting an underserved market, are underway, with features tailored to senior users [22][24] - The company aims to leverage existing phone inventory from manufacturers to expedite market entry [26] 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 [56] - The company is experiencing strong interest from carriers for its new SafePath products, indicating a positive market reception [25][30] Other Important Information - Cash and cash equivalents as of December 31, 2024, were $2.8 million, with payment delays from a major customer affecting accounts receivable [20] - The company expects first-quarter 2025 revenues to range from $4.6 million to $5 million, influenced by new opportunities and anticipated declines in CommSuite revenues [13] Q&A Session Summary Question: How will the company measure success with Twilio and the timeline for new carrier launches? - Management noted strong interest from carriers and significant sign-ups from competitors, indicating a positive market response [41][42] - The goal is to have new launches ready for the summer, with ongoing demos and trials being conducted [46][48] Question: What is the timeline for commercialization of the senior safety phone? - The core SafePath OS product is ready, and there is strong interest from carriers, with discussions ongoing for simultaneous launches of both kids' and seniors' offerings [50][52] Question: What are the expectations for sequential growth in the upcoming quarters? - Management anticipates a return to growth in the back half of the year, driven by new customer offerings and resolution of product issues [56]