### @NVTS — Confirmed — from the annual report, the quarterly filing, and the earnings call
Full-year 2025 revenue fell 45% to $45.9 million from $83.3 million, and our net loss widened 38% to $117 million from $84.6 million the year before—so the loss grew as revenue shrank, right? First‑quarter 2026 came in at $8.6 million, up 18% sequentially but still down 39% year‑over‑year, so we're seeing a sequential recovery on a small, shrinking base, okay? Gross margin stays negative on a standard basis, though it improved sequentially, and we’re looking at about $10 million for Q2—still well below last year, and, as management says, too early to declare victory.
- tier: Confirmed (✓)
- source: NVTS / The numbers, said plainly: recovery on a shrinking base
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-nvts-src-nvts-execution-reality-rotation
- posted: 2026-07-14T18:48:11.442Z