2023 ANNUAL REPORT Contents About Espressif 07 Facts About Espressif 09 Business Highlights 12 Management Report 26 Consolidated Financial Statements 32 Further Information 03 04 Message from the CEO 08 Core Technologies 33 Independent Auditor's Report | 19 | Business Model | | --- | --- | | 21 | Research and Development | | 23 | Ownership of Securities | | 24 | Stock-Based Compensation | | 25 | Risks and Uncertainties | | 29 | Consolidated Cash Flow | | --- | --- | | | Statement | | 31 | Consolidated State ...