Significant Revenue Growth
Revenue for Q3 2025 was $28.0 million, a 56% increase from Q2 2025 and an 18% increase year-over-year.
Indium Phosphide Demand Surge
Indium phosphide revenue reached its highest level since 2022, contributing $13.1 million, driven by data center applications.
Substantial Improvement in Operating Loss
Non-GAAP operating loss improved to $384,000 in Q3 2025 from $6.1 million in Q2 2025.
Gross Margin Improvement
Non-GAAP gross margin improved to 22.4% in Q3 2025 from 8.2% in Q2 2025.
Record Indium Phosphide Backlog
The indium phosphide order backlog has grown to more than $49 million.