0001493152-26-023667
SEC filingQ1 revenue surged 59% YoY on sensor shipments, but operating losses widened as acquisition-related costs rose.
Revenue for Q1 2026 was $935.0K, a 58.7% increase from $589.0K in Q1 2025. The growth was primarily due to shipments of our long-range IRIS sensors to automotive and industrial customers and shipments of our short-range MOVIA L sensors to a security and defense customer, among others.
Net loss improved to -$25.3M from -$28.8M, a 12.1% improvement. The reduction was aided by an unrealized gain on warrant liability, driven by a decrease in our stock price during the quarter. Diluted EPS improved to -$0.08 from -$0.12.
The company's outlook depends on continued sensor shipments and cost management. Risks include potential revenue shortfalls, product mix changes, and expense overruns. The company's investment policy focuses on principal preservation, liquidity, and return.