Backs FY25 revenue view $2.575B-$2.65B, consensus $2.58B. The company’s 2025 outlook assumes gross hardware recognition for the full-year 2025. Upon fully implementing the company’s hardware business transition with Ennoconn later this year, the company’s outlook will be updated to reflect its net hardware commission revenue. At this time, the company’s outlook considers the current estimated impact for the trade tariffs that have been imposed or announced by the U.S. government as well as the offsetting mitigations the company is undertaking as a result. The company’s outlook assumes foreign currency exchange rates remain consistent with rates as of March 2025.
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