Question · Q4 2024
Sought details on the future OpEx run rate, asked about order improvement in Q1, and questioned the progress in expanding to non-automotive verticals. Followed up on the significance of tracking adapter sales and whether this was a previously missed opportunity.
Answer
Management aims to keep expenses low while making strategic investments, noting Q1 is typically higher. They confirmed Q1 bookings are trending better than Q4's low mark. Progress in new verticals is evidenced by a 20% increase in adapter activity with service providers. They clarified that focusing on service providers is a strategic shift to grow their device library, which is critical for long-term growth and was a 'defocus' in the past.