Release Date: March 26, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Could you provide a breakdown of the $1.7 million in revenue for the quarter? Was it primarily from commercial shipments or R&D work? A: The $1.7 million in revenue for the fourth quarter was primarily derived from the sale of sensors to our customers, with minimal non-recurring engineering (NRE) revenue. The expected NRE revenue has been pushed to 2025 due to customer decisions. - Anubhav Verma, CFO
Q: Regarding the defense opportunities, are these related to ground-based or aerial objects? A: Our focus is primarily on ground-based vehicles, leveraging our LIDAR products and perception software. We are not involved in missile-related projects. We typically work with partners to be part of larger programs. - Sumit Sharma, CEO
Q: Can you provide more details on the $30 to $50 million demand from the ZF contract over the next 12 to 18 months? A: The $30 to $50 million demand is what we expect from our customers. We have secured production commitments from ZF, our manufacturing partner, to ensure an uninterrupted supply to meet this demand. - Anubhav Verma, CFO
Q: What is the status of the automotive RFQs and when can we expect them to convert into revenue-generating contracts? A: The timelines for automotive RFQs are moving out, with technical evaluations ongoing. However, decisions are not being made as quickly as before, and it's challenging to predict when these will convert into revenue-generating contracts. - Sumit Sharma, CEO
Q: Are there any strategic opportunities for growth through acquisitions, particularly in complementary technologies? A: We have a mature perception core from our previous acquisition of the IBEO team. While we aim to build out internally, we are open to opportunities that could strengthen our company, especially if they allow us to support customers and complete programs faster. - Sumit Sharma, CEO
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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