Management attributed lower-than-expected 2025 revenue to specific contract delays, but emphasized that 2025 served as a foundational year for technical milestones. The company is transitioning to a 'storefront' business model, leveraging its own discrete FPGA products and chiplets to capture higher-value opportunities beyond pure IP licensing. QuickLogic has positioned itself as the sole source for U.S.-fabricated FPGAs meeting full-spectrum radiation hardness (SRH) requirements via the GlobalFoundri ...