Revenue: $2.4 million, YoY decrease of 23.41% (from $3.1 million) and QoQ decrease of 22.94% (from $3.1 million).
Gross Profit: $1.2 million; Gross Margin: 51%, declining from 73% YoY due to lower-margin contracts.
Net Loss: $14.8 million or $0.08 per share, improving from a net loss of $22.2 million YoY.
Operating Expenses: $18.6 million, down from $19.1 million YoY, attributing partly to the end of certain contractual obligations.
Cash and Cash Equivalents: $92.6 million.
Current Ratio: 4.84, indicating strong coverage of current liabilities.
These metrics illustrate a company adjusting strategically while navigating evolving market dynamics, with a focus on long-term technological advancements.