Financial Performance & Outlook - Q2 2025 revenue reached $193 million, a 9% increase compared to Q1 2025[11] - Home & Life revenue in Q2 2025 was $83 million[11, 14], representing a 45% year-over-year growth[15] - Industrial & Commercial revenue in Q2 2025 was $110 million[11, 18], a 25% year-over-year growth[18] - GAAP gross margin improved to 56.1% in Q2 2025, up from 55.0% in Q1 2025[22, 23] - Non-GAAP gross margin improved to 56.3% in Q2 2025, up from 55.4% in Q1 2025[22, 23] - GAAP loss per share was $(0.67) in Q2 2025, compared to $(0.94) in Q1 2025[26, 28] - Non-GAAP earnings per share improved to $0.11 in Q2 2025 from $(0.08) in Q1 2025, a 238% increase[27, 28] - Q3 2025 revenue is projected to be between $200 million and $210 million[6, 32] - The company forecasts a 15-25% revenue growth, which is 3x the semiconductor market growth rate[44] Market & Strategy - The company aims to be the undisputed leader in embedded wireless[8] - The company estimates the IoT market will reach >10 Billion devices per year by 2035[9]

Financial Performance & Outlook - Q1 2025 revenue reached $178 million, a 7% increase quarter-over-quarter[11, 12] - Home & Life revenue in Q1 2025 was $82 million, a 99% year-over-year growth[11, 15] - Industrial & Commercial revenue in Q1 2025 was $96 million, a 47% year-over-year growth[11, 17] - GAAP gross margin improved to 55% in Q1 2025 from 543% in Q4 2024[22] - Non-GAAP loss per share improved by 27% to $(008) in Q1 2025 from $(011) in Q4 2024[27] - Q2 2025 revenue is projected to be between $185 million and $200 million[30] - The company anticipates non-GAAP earnings per share to be between $(001) and $019 for Q2 2025[30] Market & Growth Strategy - The company forecasts a 15-25% revenue growth, which is 3x the semiconductor market growth rate[42] - The IoT market is expected to grow at a CAGR of 10-15%, with an incremental 5-10% CAGR specific to the company[41] - The company has captured $10 billion in design wins, which are now converting to revenue[43] Customer Base - The largest customer accounts for less than 10% of the company's revenue[40] - The company has approximately 125 customers with $1 million in revenue[40]