Financial Performance4Q23 total revenue of $1.1M, down 63% y/y, was below estimates due to delays in enterprise and OEM customer orders and overall market softness.
Revenue Growth ConcernsSecond consecutive quarter where the company misses the forecasted revenue, raising concerns about future revenue potential.
Sales ForecastPreliminary 4Q23 revenue of $2.1mn, 47.5% lower than forecasted, indicating a significant underperformance in sales.