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Sunday, 06/22/2025 10:17:36 AM

Sunday, June 22, 2025 10:17:36 AM

Post# of 189
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Net revenue decreased $9.0 million, or 56%, in the first quarter of 2025 compared to the first quarter of 2024.Revenue recorded in the first three months of 2025 consisted of $7.1 million in revenue from the sale of integrated circuit ("IC") products and negligible revenue related to engineering services, license revenue and other. Revenue recorded in the first three months of 2024 consisted of $15.4 million in revenue from the sale of IC products and $0.7 million in revenue related to engineering services, license revenue and other. The decrease in IC revenue in the first quarter of 2025 compared to the first quarter of 2024 is due to the following factors:•Sales into the Mobile market decreased approximately $7.9 million or 86% primarily due to decreased units sold associated with a delayed transition to our latest generation mobile products.•Sales into the Home & Enterprise market decreased approximately $0.4 million or 7%...
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