Sequential Revenue Growth
Second quarter revenue came in at $13.6 million, up 13% sequentially from the first quarter.
Enterprise Market Performance
Enterprise revenue increased to $7.2 million, driven by strong demand for embedded modems and custom IoT solutions.
AC-Fleet Certification and Deployment
Achieved FirstNet Trusted certification for AC-Fleet in May, opening access to FirstNet's dedicated public safety network.
Lighthouse Platform Expansion
Scheduled for multiple trials by the end of the year across several regions, including the U.S., Latin America, Southeast Asia, Europe, and the Middle East.
Positive Adjusted EBITDA Outlook
Expect positive adjusted EBITDA of approximately $0.2 million and positive non-GAAP EPS of $0.01 per share in Q3.