OEM Decision DelaysDecisions by OEMs continue to be delayed, however; as such management now expects 4 OEM design-wins within the next 12 months versus previous guidance of securing these wins by the end of 2025.
Revenue ChallengesRevenue for the second quarter was reported at $0.3 million, down 33% year-over-year, reflecting the company's pre-production stage and pending decisions from automotive OEMs.
Timeline DelaysMacro environment delays have pushed the timeline for company goals further out, impacting design-ins originally planned for 2025 now expected in 2026.