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| Statement |
|---|
| As we continue to navigate into the next fiscal year, we are confident in our ability to execute our strategic plans and deliver the growth and value that you expect of us |
| The -- we do expect that CDI is going to really be able to move this MMICs in a very good way for us |
| In addition to all this, we expect that our soon to be released advanced 5G MIMO, CAT B, ORAN radios will be pivotal products that provide the industry with unparalleled and true 5G data transfer speed |
| I hope I’ve conveyed that we have a pipeline full of exciting new products targeting explosive growth markets, from which we expect to provide a considerable boost to our revenue |
| Our product development roadmap remains as strong as ever |
| Financially, our position remains strong |
| These new offerings have been designed to enhance our existing product lines and provide high performance, reliability and cost efficiency to meet the evolving needs of the RF industry |
| We’re excited about the progress we’ve made and the plan we have to further our company’s mission of providing the communication systems of tomorrow today |
| Since becoming public, we have completely transformed our organization and now boast a total of five different divisions, all with symbiotic products and very promising sales pipelines |
| So once again, we’re following our symbiotic and complementing product line strategy, where we cross-pollinate all divisions, yielding higher overall revenues and capabilities |
| The websites have been updated and we expect a good contribution from CDI to start materializing Q1 2024 for all of the MMIC SKUs that we have already released to the market |
| This ongoing growth in wireless network usage underpins our strategic focus and aligns with our product development initiatives |
| During these initial two years, we’ve put the necessary infrastructure in place, increased our brand awareness and are poised to begin the monetization of our strategic plan in 2024 |
| The wrap-up of telecom spending for next-generation cellular networks is expected to contribute to growth across all our divisions |
| We believe in 2024 will be a revenue transformative year for us and we look forward to sharing that success with you |
| Despite near-term industry challenges, we remain steadfast and on track with our five-year strategic plan |
| This trend is reflective of broader adjustments across the entire semiconductor industry and in line with the industry estimates, we anticipate an uptick in semiconductor material sales beginning in 2024 |
| As of September 30th, our cash and liquid marketable securities totaled $8.6 million, which is ample capital to execute our strategic growth initiatives, because the bulk of our R&D expenses will be completed by the end of this year |
| In these initial two years, we have been diligent in the execution of our five-year plan by introducing new products that fully complement our business |
| This is a market study that indicates growth in the next year for all semiconductor sales |
| Thank you and be well |
| That’s why we made a good agreement with CDI |
| And this concludes the call and we appreciate your presence |
| We’re setting up a new website to increase our sales exposure |
| They also have the RF engineering knowledge to be able to drive our customers into the different SKUs that we have already available in our MMIC line |
| This quarter, we announced the introduction of our latest product lines, including new Low Noise Amplifiers, Coaxial In-Line LNAs, Coaxial In-Line Band Pass Filters, leveraging our state-of-the-art PHEMT MMIC Technology designed by our AmpliTech Group Microwave Design Center in Texas |
| On the LNA side, Wells Fargo analysts recently highlighted the continual need for carriers to invest in higher capacity networks driven by the growth -- growing mobile data consumption and the rapid proliferation of additional 5G devices |
| And then, kind of on that 100% revenue growth, I think, you guys also provided, there was a potential for kind of quarterly revenue in order of like $4 million to 5 million for 4Q 2023 and then the growth being largely driven by increased pipeline conversion |
| Thanks to everyone who joined today’s call |
| Thank you |
| Statement |
|---|
| Our gross profit margin was 43.8%, slightly lower than the previous quarter, primarily due to lower sales volumes on our semiconductor package distribution side |
| Right now, though, we are fighting the headwinds from the semiconductor material industry, which the lower demand though, is definitely softening ourselves in this division |
| I apologize, I lost Jack here |
| These forward-looking statements are subject to various risks that could cause actual results to be materially different than expected, and such risks include, among many others, matters that the company has described in its press releases and in its filings with the Security and Exchange Commission |
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