Financial Data and Key Metrics Changes - Net revenues decreased by $300,000 or 19% from $1,500,000 for the three months ended June 30, 2024, to $1,200,000 for the three months ended June 30, 2025 [7] - Cost of net revenues increased by $300,000 or 47% from $500,000 for the three months ended June 30, 2024, to $2,800,000 for the three months ended June 30, 2025 [8] - Gross margin decreased to 32% for the three months ended June 30, 2025, from 63% for the three months ended June 30, 2024 [8] Business Line Data and Key Metrics Changes - Service revenue decreased by $700,000, partially offset by an increase of $400,000 in product sales driven by four GS chipset sales [7] - Research and development expenses decreased by $700,000 or 16% from $4,200,000 for the three months ended June 30, 2024, to $3,500,000 for the three months ended June 30, 2025 [9] - General and administrative expenses increased by $600,000 or 20% from $2,900,000 for the three months ended June 30, 2024, to $3,400,000 for the three months ended June 30, 2025 [9] Market Data and Key Metrics Changes - The average selling price of the five GS chipset is expected to be roughly four times that of traditional four GS products [6] Company Strategy and Development Direction - The company is focused on the commercialization of its five GS chipset, with initial samples delivered to lead customers and production expected to commence in the third quarter [4][5] - Collaboration with Iridium Communications and G plus D aims to enhance the five G platform and expand into non-terrestrial network space [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a stronger end of the year as five GS chipset sales are expected to commence soon [6] - The company anticipates operational efficiencies to improve as revenue increases with the transition to five GS product sales [8] Other Important Information - The company ended the quarter with cash and cash equivalents of $1,300,000, net accounts receivable of $3,800,000, and net inventory of $3,000,000 [10] - The company received $11,000,000 in gross proceeds from a registered direct offering, primarily used for five GS chipset sampling and debt retirement [10] Q&A Session Summary - No questions were raised during the Q&A session, and the meeting concluded without any inquiries [14]