Total revenues for the fourth quarter of 2025 were $1.9 million, an increase from $1.8 million in the fourth quarter of 2024. Gross profit margins improved to 24.2% in Q4 2025, up from 15.8% in Q4 2024. Cash operating losses were reduced to $1.5 million in Q4 2025, a significant improvement from $4.9 million in Q4 2024. Operating expenses, excluding cost of sales and inventory impairment, decreased by $2.2 million to $3.7 million in Q4 2025. Cash and cash equivalents stood at $5.5 million as of December 31, 2025, compared to $0.4 million at December 31, 2024. The company raised $8.1 million in gross proceeds during Q4 2025 through a private preferred stock offering, warrant exercises, and debt obligations. A significant inventory impairment charge of $3.47 million was recognized in Q4 2025 for 125 kW V2G DC Chargers deemed not conforming to commercial product reliability standards. Full-year 2025 total revenue decreased to $4.79 million from $5.29 million in 2024. Full-year 2025 net loss significantly widened to $31.55 million, compared to $17.43 million in 2024. Nuvve has pivoted its business strategy towards stationary storage aggregation services due to a slowdown in EV adoption in the school bus market and a decline in 2025 revenues. Megawatts under management increased 7.2% over Q3 2025 to 28.3 megawatts, but decreased 7.8% compared to Q4 2024.