Q1 2025 Report Q&A
We regret that a technical issue during the webinar prevented us from viewing incoming questions in real time. However, we have since reviewed and addressed your inquiries as thoroughly as possible in the Q&A section below.
Do you have guidance on growth in 2025?
We do not provide forward looking guidance. As mentioned in the webinar, we continue to see strong customer interest, order intake and execution to support our growth plans in FY25 and beyond.
When are the All.Space and Thorium ramps happening?
We do not provide forward looking guidance or customer forecast details. All.Space and Thorium are at different stages in the product development cycle. We expect our lead customer to drive 2026 growth as their pipeline and deployment volumes continue to expand.
What is the status of F100, wearable healthcare, LIDAR customer etc.?
Our focus is on customers in our two momentum markets, namely AI datacenters and SATCOM. We maintain carefully selected outpost engagements in other segments and will provide more details if/when those materialize and become meaningful.
Why are personnel costs higher in Q1?
Q1 includes merit increases, new FTE hires, and full provisioning for bonuses and share programs.
Is the O-Net partnership limited to China customers?
O-Net supports customers worldwide and brings us access to a variety of customers ranging from chipset vendors to hyperscalers.
Can you provide more details on the debt financing?
Please refer to our PR about the recent debt refinancing.
How are your Chips Act projects progressing?
We have received first half funding for the US Chips Act project for the first year and are on -track with our execution towards key milestones in FY25.
Can you tell us more about your Capital Markets Day?
Details of the CMD event to be held on 27th of May, will be published shortly.
How do you plan to achieve 80% sales from products, other geographies of interest?
US is the top geography for our focus markets with Europe being a significant second geography. We will have engagements in Asia as well as part of our partnerships and customer development. As mentioned in the webinar, our focus is on product proliferation and as we execute to this plan, the portion of product revenues will continue to grow as part of our overall revenues