Earnings DeclineFull-year revenue was down 63.5% year-over-year and below the original $12.5M estimate.
Market ConditionsRevenue was soft due to market overcorrection following pandemic distortions and before new product availability, with preliminary revenue down 63.4% year-over-year.
Revenue PerformancePreliminary revenue was reported below estimates, flat compared to the previous year, indicating a slower than expected start to the year.