Fourth quarter 2025 revenues totaled approximately $198,000, representing a 219% increase year-over-year. Full-year 2025 revenues reached $682,000, up from $373,000 in 2024. The net loss for Q4 2025 was $1.6 million, a substantial improvement from a $51.2 million net loss in Q4 2024. Full-year 2025 net loss improved to $18.7 million from $68.5 million in 2024. Total assets at December 31, 2025, increased to $1.6 billion from $153.6 million at December 31, 2024. Cash and cash equivalents grew by $658.9 million to $737.9 million at year-end 2025, with total investments reaching $783 million. The company completed the acquisition of Luminar Semiconductor, Inc. for $110 million in an all-cash transaction on February 2, 2026. During Q4 2025, $750 million in gross proceeds were raised through an oversubscribed private placement of 37,183,937 shares of common stock. Fab 1, the TFLN chip manufacturing facility in Tempe, Arizona, is ramping small-batch manufacturing and has begun contributing revenue. Dr. Yuping Huang was confirmed as Chief Executive Officer, effective January 1, 2026. QCi debuted Neurawave, a new photonics-based reservoir computer, at SuperCompute25. A strategic collaboration was announced with POET Technologies to develop 400G/Lane TFLN modulator-based 3.2Tbps engines.