Reports Q3 revenue $83.1M, consensus $83.02M. "Our Q3 results were mostly as expected, despite the material headwinds from the semiconductor industry cyclical downturn," said Fermi Wang, president and CEO. "We maintained a high level of focus on developing our edge AI endpoint products which we see continuing to offer very favorable secular growth opportunities. Continental AG was the first company to announce the integration of CV3 into their ADAS product lines, and more CV3 updates are anticipated in the next several quarters. Our projected automotive revenue funnel grew approximately 28% from a year ago."
Published first on TheFly
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