Total Revenue

+10% (from $22.1M in Q1 2024 to $24.2M in Q1 2025)

Total Revenue increased by 10% YoY, driven in part by a robust rise in the Licensing and Related segment and strong performance in key regions. This growth reflects the company’s sustained efforts to secure higher value agreements that build on previous period momentum. " "

Licensing and Related Segment

+32% (from $11.4M in Q1 2024 to $15.0M in Q1 2025)

Licensing revenue surged by 32% YoY, benefiting from strategic deals such as the integration of Wi-Fi 7 and Bluetooth 7 IP and the high-profile NeuPro‑M edge AI NPU agreement, enhancing customer engagements compared to Q1 2024. " "

Royalties

−14% (from $10.7M in Q1 2024 to $9.2M in Q1 2025)

Royalty revenue declined by 14% YoY, primarily due to the absence of a prior year’s one-off $1.0M audit adjustment, along with the impact of soft low-cost smartphone shipments, slower industrial ramp-ups, and a shift in customer mix from Q1 2024. " "

Asia Pacific Revenue

+6% (from $18.0M in Q1 2024 to $19.1M in Q1 2025)

Asia Pacific revenue improved by about 6% YoY, suggesting a modest regional rebound despite ongoing market challenges. This incremental increase builds upon previous period performance, reflecting sustained local demand. " "

U.S. Revenue

+38% (from $2.6M in Q1 2024 to $3.6M in Q1 2025)

U.S. revenue jumped nearly 38% YoY, indicating a significant boost likely driven by new licensing agreements and enhanced market penetration, further leveraging successful strategic initiatives from the prior period. " "

Net Loss

−39% (from $(5,448)K in Q1 2024 to $(3,327)K in Q1 2025)

Net loss improved by approximately 39% YoY, reflecting a marked reduction in losses due to improved revenue mix and cost efficiencies, building on operational improvements seen in previous quarters. " "