“Consistent with our past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue and net income (loss) guidance for 2025 is not provided. We expect revenue in 2025 will be back-half weighted. Restructuring actions taken in July 2025 may result in revisions to our guidance ranges to be updated at a future date. At this time, Total Operating Expense, excluding restructuring charges, and Capital Expenditure are expected to be at the low end of their respective guidance ranges. With restructuring charges included, Total Operating Expense is expected to be at the high end of the guidance range.”
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