Significant Revenue Growth
Total revenue increased more than 45% sequentially, driven by record quarterly revenue from millimeter wave products.
Gross Margin Improvement
Gross margin increased to 56.2% in the third quarter from 48.3% in the prior quarter.
Strong Market Recovery and Demand
A steady recovery in market demand and customer orders, particularly for 60 gigahertz wireless solutions, contributed to the quarter's results.
Strategic Wins and Partnerships
Partnerships with Tachyon Networks and Wheeling Communications, and a new OEM customer, are expected to drive broader use of millimeter wave solutions.
Expansion into New Markets
Emerging markets for millimeter wave solutions include tactical communications, with successful initial field trials promising significant long-term revenue opportunities.