Sees Q4 cost of revenues $4.3M compared with $10.4M last year, a year-on-year decrease of 59%; gross profit ($1.1M) compared with $4.7M vs. last year, a year-on-year decrease of 123%; gross profit margin (33%) compared with 31% last year; and net loss $15.8M compared with $4.5M last year, a year-on-year increase of 250%. The company commented, “Our expectations with respect to our revenue, cost of revenues, gross profit, gross profit margin and net loss for the fourth quarter and year ended December 31, 2025 discussed below are based upon management estimates for the period. Our expectations are subject to the completion of our financial closing procedures and any adjustments that may result from the completion of the audit of our consolidated financial statements for the year ended December 31, 2025. Following the completion of our financial closing process and the audit of our consolidated financial statements, we may report revenue, cost of revenues, gross profit, gross profit margin and net loss for the year ended December 31, 2025 that could differ from our expectations, and the differences could be material.”
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