WolfSpeed, Inc. (Wolf): ANSOFF Matrix Analysis [Jan-2025 Mis à jour]

Dans le paysage rapide de la technologie des semi-conducteurs en évolution, WolfSpeed, Inc. (Wolf) est à l'avant-garde de l'innovation, naviguant stratégiquement des complexités du marché avec une matrice ANSOff dynamique qui promet une croissance transformatrice. En tirant parti de sa technologie de carbure de silicium (SIC) de pointe, la société est prête à révolutionner l'automobile, l'électronique de puissance et les secteurs de la technologie émergente grâce à une approche multidimensionnelle qui couvre la pénétration du marché, le développement, l'innovation des produits et la diversification stratégique. Préparez-vous à plonger dans une exploration convaincante de la façon dont Wolfpeed ne s'adapte pas seulement aux changements technologiques, mais remodelant activement l'avenir de l'industrie des semi-conducteurs.

WolfSpeed, Inc. (Wolf) - Matrice Ansoff: pénétration du marché

Développez les ventes d'appareils semi-conducteurs aux clients de l'automobile et de l'électronique d'alimentation existants

WolfSpeed ​​a déclaré 228,4 millions de dollars de revenus pour le T2 2023, avec des segments de puissance et de RF générant 205,4 millions de dollars. Les ventes de semi-conducteurs automobiles ont augmenté de 34% en glissement annuel.

Segment de clientèle	Contribution des revenus	Taux de croissance
Électronique automobile	98,7 millions de dollars	34%
Électronique électrique	106,7 millions de dollars	28%

Augmenter les efforts de marketing pour mettre en évidence les performances technologiques du silicium Carbide (SIC)

WolfSpeed ​​détient 40% de part de marché dans les appareils semi-conducteurs SIC Power. L'investissement en R&D a atteint 62,3 millions de dollars au cours de l'exercice 2022.

• Amélioration de l'efficacité technologique SIC: 30% par rapport aux appareils en silicium traditionnels
• Efficacité de conversion de puissance: jusqu'à 99,2%

Offrir des stratégies de tarification compétitives

Prix ​​de vente moyen pour les plaquettes SIC: 1 200 $ par tranche équivalente de 150 mm. Objectif de réduction des coûts de production: 15% d'ici 2024.

Renforcer les relations de vente directes

Fabricant clé	Valeur du contrat	Durée
Tesla	340 millions de dollars	3 ans
BMW	275 millions de dollars	4 ans

Optimiser l'efficacité de la production

Capacité de fabrication actuelle: plaquettes de 200 mm SIC à 10 000 plateaux par mois. Coût de production par tranche: 850 $. Réduction des coûts cible: 170 $ par tranche d'ici 2024.

• Investissement d'expansion de la capacité de fabrication: 320 millions de dollars
• Augmentation de la capacité projetée: 50% d'ici 2025

WolfSpeed, Inc. (Wolf) - Matrice Ansoff: développement du marché

Marchés géographiques émergents en Asie-Pacifique pour l'expansion des semi-conducteurs SIC

Wolfpeed a ciblé le marché des semi-conducteurs en Asie-Pacifique, qui était évalué à 184,66 milliards de dollars en 2022. La Chine représentait 31,4% de la demande régionale de semi-conducteurs. Le marché des semi-conducteurs japonais a atteint 47,3 milliards de dollars en 2022.

Pays	Potentiel de marché	Taux d'adoption sic
Chine	57,9 milliards de dollars	18.2%
Japon	22,6 milliards de dollars	12.7%
Corée du Sud	35,4 milliards de dollars	15.5%

Cibler les nouveaux secteurs industriels

Wolfpeed s'est concentré sur l'expansion dans les secteurs industriels clés avec un potentiel de croissance important.

• Infrastructure d'énergie renouvelable: le marché mondial devrait atteindre 1,99 billion de dollars d'ici 2030
• Applications du centre de données: taille du marché projetée de 287,4 milliards de dollars d'ici 2026
• Charge des véhicules électriques: devrait croître à 32,7% de TCAC de 2022 à 2030

Partenariats stratégiques avec les fabricants internationaux d'électronique

WolfSpeed ​​a établi des partenariats avec les principaux fabricants internationaux, notamment:

Partenaire	Focus de la collaboration	Valeur de partenariat estimé
Mitsubishi Electric	Modules de puissance SIC	45 millions de dollars
Infineon Technologies	Conception de semi-conducteurs	62 millions de dollars

Bureaux de vente régionaux sur les marchés technologiques émergents

WolfSpeed ​​a élargi sa présence mondiale avec les bureaux régionaux stratégiques:

• Shanghai, Chine: établie en 2022
• Tokyo, Japon: ouvert en 2023
• Séoul, Corée du Sud: lancé en 2023

Adaptation des spécifications du produit

WolfSpeed ​​a investi 38,7 millions de dollars dans la conformité réglementaire régionale et l'adaptation technique pour 2023-2024.

Région	Investissement de conformité réglementaire	Coût de modification du produit
Chine	15,2 millions de dollars	8,6 millions de dollars
Japon	12,5 millions de dollars	7,3 millions de dollars

WolfSpeed, Inc. (Wolf) - Ansoff Matrix: Développement de produits

Investissez dans la recherche et le développement semi-conducteurs avancés

WolfSpeed ​​a investi 285 millions de dollars dans la R&D au cours de l'exercice 2022. Des recherches se sont concentrées sur les technologies semi-conductrices en carbure de silicium (sic) et nitrure de gallium (GAN).

Métrique de R&D	Valeur
Dépenses de R&D (FY 2022)	285 millions de dollars
Personnel de R&D	Plus de 500 ingénieurs
Portefeuille de brevets	237 brevets actifs

Concevoir des dispositifs de puissance SIC de nouvelle génération avec une efficacité énergétique améliorée

WolfSpeed ​​a développé des dispositifs SIC avec des pertes de commutation inférieures à 90% par rapport aux semi-conducteurs traditionnels à base de silicium.

• L'efficacité de la conversion de puissance s'est améliorée de 3 à 5%
• Taille réduite de l'appareil de 40%
• La plage de température de fonctionnement s'est étendue à 175 ° C

Créer des solutions semi-conductrices personnalisées pour des besoins verticaux spécifiques de l'industrie

Industrie	Solution personnalisée	Pénétration du marché
Automobile	Modules de puissance EV	12% de part de marché
Industriel	Onduleurs à haute tension	8% de part de marché
Énergie renouvelable	Chips d'onduleur solaire	15% de part de marché

Développer des technologies de modules d'alimentation intégrés pour les applications de véhicules électriques

Les revenus du module électrique EV de WolfSpeed ​​ont atteint 127 millions de dollars en 2022, ce qui représente une croissance de 35% en glissement annuel.

• La densité de puissance est passée à 25 kW / litre
• L'efficacité de la gestion thermique s'est améliorée de 40%
• Fiabilité du module étendu au cycle de vie de 15 ans

Améliorer les gammes de produits existantes avec des performances plus élevées et des configurations de coûts plus faibles

Gamme de produits	Amélioration des performances	Réduction des coûts
Appareils SIC de la série x3	Vitesse de commutation 20% plus élevée	12% de réduction des coûts de fabrication
Wolfspeed Gen 3 Wafers	99,99% de pureté des matériaux	15% de baisse des coûts d'unité

WolfSpeed, Inc. (Wolf) - Matrice Ansoff: diversification

Enquêter sur les acquisitions potentielles dans les domaines de la technologie des semi-conducteurs complémentaires

En 2022, WolfSpeed ​​a terminé l'acquisition de Silex Microsystems AB pour 225 millions de dollars, élargissant son portefeuille de technologies semi-conducteurs. L'investissement en R&D de la société a atteint 272 millions de dollars au cours de l'exercice 2022, en se concentrant sur les acquisitions de technologie stratégiques.

Cible d'acquisition	Domaine technologique	Coût d'acquisition	Justification stratégique
Silex Microsystems	Fabrication de semi-conducteurs	225 millions de dollars	Extension de la technologie du carbure de silicium

Explorez les opportunités d'intégration verticale dans l'équipement de fabrication de semi-conducteurs

WolfSpeed ​​a investi 700 millions de dollars dans une nouvelle installation de fabrication de semi-conducteurs à Chatfield, Minnesota, démontrant l'engagement envers l'intégration verticale. Les dépenses en capital de la société pour la fabrication d'équipements ont atteint 412 millions de dollars au cours de l'exercice 2022.

• Investissement des installations de fabrication: 700 millions de dollars
• Dépenses en capital: 412 millions de dollars
• Expansion de la capacité de production: augmentation de 200% planifiée

Développer de nouvelles gammes de produits pour les secteurs de la technologie émergente comme l'informatique quantique

WolfSpeed ​​a alloué 45 millions de dollars spécifiquement pour la recherche sur les semi-conducteurs de calcul quantique en 2022. Les revenus des matériaux semi-conducteurs de la société dans les secteurs de la technologie émergente ont augmenté de 37% d'une année à l'autre.

Domaine de recherche	Investissement	Croissance des revenus
Matériaux informatiques quantiques	45 millions de dollars	37% de croissance en glissement annuel

Investissez dans des collaborations de recherche avec les universités pour les innovations de semi-conducteurs révolutionnaires

WolfSpeed ​​a créé des partenariats de recherche avec 5 grandes universités, investissant 22 millions de dollars dans des programmes collaboratifs d'innovation de semi-conducteurs en 2022.

• Partenariats de recherche universitaire: 5 institutions
• Investissement de collaboration de recherche: 22 millions de dollars

Envisagez des investissements stratégiques sur les marchés adjacents des technologies de l'énergie propre

Les solutions de semi-conducteurs à énergie propre de WolfSpeed ​​ont généré 678 millions de dollars de revenus en 2022, ce qui représente une augmentation de 52% par rapport à l'année précédente. La société a investi 95 millions de dollars dans l'élargissement de ses technologies de semi-conducteur de véhicules électriques et d'énergie renouvelable.

Segment de l'énergie propre	Revenu	Investissement	Taux de croissance
Solutions de semi-conducteurs à énergie propre	678 millions de dollars	95 millions de dollars	52% en glissement annuel

Wolfspeed, Inc. (WOLF) - Ansoff Matrix: Market Penetration

You're looking at how Wolfspeed, Inc. (WOLF) plans to capture more of the existing Silicon Carbide (SiC) market, which is all about maximizing output from current facilities and winning market share from rivals. This strategy is critical, especially coming out of the restructuring process completed in September 2025.

Aggressively ramp Mohawk Valley Fab to reduce underutilization costs and improve the 2% non-GAAP gross margin.

The pressure on margins from the Mohawk Valley Fab (MVF) ramp is clear. For the fourth quarter of fiscal year 2025, the non-GAAP gross margin actually dipped to (1)%. That quarter alone, the underutilization costs at MVF were reported at $23.6 million. Still, the full fiscal year 2025 non-GAAP gross margin landed at 2%, which is a significant drop from the 13% seen in fiscal year 2024. The MVF revenue contribution in Q4 FY2025 was $94.1 million, more than doubling the $41 million from the prior year's fourth quarter, showing the volume is increasing, but cost control is the immediate hurdle. It's a classic case of needing volume to absorb fixed costs.

Metric	Q4 FY2025 Value	FY2025 Full Year Value	FY2024 Full Year Value
Non-GAAP Gross Margin	(1)%	2%	13%
MVF Revenue Contribution (Q4 Only)	$94.1 million	N/A	$41 million
MVF Underutilization Cost (Q4 Only)	$23.6 million	N/A	N/A

Leverage the $4.6 billion debt reduction to offer more competitive pricing against Chinese SiC rivals.

Emerging from Chapter 11 protection in September 2025, Wolfspeed, Inc. successfully reduced its total debt by approximately 70%, which amounts to a reduction of about $4.6 billion. This financial deleveraging also cut the annual cash interest expense by roughly 60%, and maturities are now extended to 2030. With this improved financial footing, the company has the flexibility to adjust pricing. For context, the full fiscal year 2025 consolidated revenue was $758 million, down from $807 million in FY2024, so gaining share through pricing power is a necessary lever.

Deepen long-term supply agreements with existing automotive Tier 1s to secure a larger share of the EV market.

Securing volume commitments is key to justifying the capital expenditure on the 200mm expansion. The Power Products segment, which serves the EV market, saw Q4 FY2025 revenue of $118.6 million, a 13.4% increase year-over-year for that quarter. These agreements lock in future demand, which helps stabilize the revenue base against the Materials Products revenue, which was $78.4 million in Q4 FY2025, down 18.4% year-over-year.

Increase utilization of the 200mm SiC materials portfolio, commercially launched in September 2025.

The commercial launch of the 200mm SiC materials portfolio on September 10, 2025, is the direct enabler for higher utilization and better yields across the board. The new 200mm SiC bare wafers are offered at 350µm thickness. This material innovation is designed to help device makers improve MOSFET yields and accelerate time-to-market, which directly addresses the underutilization issue at MVF.

• Commercial launch date: September 10, 2025.
• Wafer thickness offered: 350µm.
• Targeted benefit: Improved MOSFET yields.

Target competitors' customers with Gen 4 MOSFETs, emphasizing the 21% on-resistance reduction benefit.

The new Gen 4 MOSFETs provide a tangible performance advantage to pull customers from rivals. The key selling point is the reduction in high-temperature on-state resistance by up to 21%. Furthermore, these devices show up to a 15% lower switching energy loss compared to Gen 3. The devices are available in 750V, 1200V, and 2300V classes. The improved switching performance also results in a 75% lower voltage overshoot during switching events, and they maintain a short-circuit withstand time of up to 2.3 µS for better system reliability.

Here's a quick look at the Gen 4 performance gains:

• On-resistance reduction: Up to 21%.
• Switching energy reduction: Up to 15%.
• Voltage overshoot reduction: 75% lower.
• Short-circuit withstand time: Up to 2.3 µS.

Finance: draft 13-week cash view by Friday.

Wolfspeed, Inc. (WOLF) - Ansoff Matrix: Market Development

You're looking at how Wolfspeed, Inc. (WOLF) plans to take its existing Silicon Carbide (SiC) power devices into new, high-growth markets. This is about expanding the customer base for what they already make well.

Prioritizing AI Data Center Infrastructure Sales

The push into AI data centers is a direct market development play for existing SiC power devices. These facilities demand immense, efficient power management, which is where SiC excels. For context, Wolfspeed's Power Products segment generated $414.0 million in revenue for the full fiscal year 2025. The success of the 200mm transition is key here, as the Mohawk Valley Fab, which produces these larger devices, contributed $94.1 million in revenue in fiscal Q4 2025 alone, more than doubling its contribution from the prior year's $41 million.

Expanding Industrial Channels for Renewables

Wolfspeed, Inc. is actively looking beyond its core automotive base to capture more industrial market share, specifically within renewable energy systems. This means pushing current power devices into new customer segments like wind energy inverters, where Hopewind selected Wolfspeed technology. The company's overall revenue for fiscal year 2025 was $757.6 million.

Leveraging U.S. Vertical Integration for Defense and Aerospace

Your strategic advantage here is the company's status as one of the only vertically-integrated U.S. manufacturers of SiC semiconductors for power devices. This domestic control over the supply chain is critical for securing high-trust government contracts. Wolfspeed has a history of working with key U.S. agencies:

• Direct contracts with U.S. military branches like the Air Force, Army, and Navy.
• Work with government research institutions including NASA and DARPA.
• Engagement with the Missile Defense Agency (MDA).

Converting 150mm Customers to the 200mm Platform

This is a crucial operational market development step: migrating existing customers from older technology to a more cost-effective platform. The older 150mm wafer production at the Durham, North Carolina fab is scheduled to close permanently by December 2025. The new 200mm platform at the Mohawk Valley Fab offers significant cost advantages because a 200mm wafer has roughly 1.7x the surface area of a 150mm wafer, meaning more chips per run. Here's a quick look at the transition status:

Metric	150mm Platform (Durham Fab)	200mm Platform (Mohawk Valley Fab)
Status	Scheduled to close permanently by December 2025.	Contributed $94.1 million in Q4 FY2025 revenue.
Wafer Size Area Ratio	Baseline (1.0x)	Approximately 1.7x the surface area of 150mm.
FY2025 Power Products Revenue	Part of the segment that totaled $414.0 million.	Its revenue more than doubled year-over-year from $41 million in Q4 FY2024.

Focusing on New Industrial Segments like High-Power Charging

Beyond the core Electric Vehicle (EV) platform, Wolfspeed, Inc. is targeting new industrial applications, such as high-power charging infrastructure. The strong demand pipeline supports this focus, with Power Device Design-Ins reaching $1.5 billion in fiscal Q1 2025, and Design-Wins at $1.3 billion in the same period. This indicates strong future revenue potential across all power applications, including these new industrial segments.

Wolfspeed, Inc. (WOLF) - Ansoff Matrix: Product Development

You're looking at the core of Wolfspeed, Inc. (WOLF)'s future growth-new products built on their silicon carbide (SiC) foundation. This is where they take their material science and turn it into tangible performance gains for customers, even while navigating a tough financial period.

The push to accelerate the Gen 4 MOSFET roadmap is already showing results in the product specifications. For instance, the Gen 4 platform delivers up to a 21% reduction in on-resistance at operating temperatures. For hard-switching applications, you're seeing up to 15% lower switching losses. These devices are designed for durability, featuring a short-circuit withstand time of up to 2.3 µs and the ability to tolerate junction temperatures up to 200°C. You can find these new components across the 750V, 1200V, and 2300V classes, with more footprints and R_DS(on) ranges rolling out through 2025 and into early 2026.

For the utility and grid modernization space, the development of ultra-high voltage SiC modules is a big step. Wolfspeed, Inc. (WOLF) unveiled its 2300V baseplate-less SiC power modules, built on their 200mm SiC wafers, specifically targeting 1500V DC Bus applications. These modules offer 15% greater voltage headroom compared to similar SiC parts. The performance gain is stark when compared to older technology: the 2300V module achieves a 77% reduction in switching losses over IGBTs and a 2-3x reduction in switching losses compared to other SiC devices aimed at 1500V use. This design supports a building-block approach to scale power tenfold, moving from kilowatts to megawatts.

The success of getting these new products into the market is visible in the revenue mix. For the full fiscal year 2025, Power Products revenue hit $414.0 million. The Mohawk Valley Fab, which is central to scaling these advanced devices, contributed $94.1 million in Q4 fiscal 2025 revenue alone, more than doubling its contribution from $41 million in the prior year period. Still, the company's total revenue for fiscal 2025 was $758 million, with a GAAP loss per share of ($11.39).

Investment in these future products is reflected in the operating expenses. For fiscal year 2025, total operating expenses reached $374.4 million, which included $141.9 million specifically allocated to Research & Development (R&D). Looking ahead, Wolfspeed, Inc. (WOLF) reaffirmed its capital expenditure (CapEx) guidance for fiscal 2026 to be approximately $150 million to $200 million, signaling continued, albeit more disciplined, investment in manufacturing and product scaling.

The introduction of integrated power modules (IPMs) is aimed directly at simplifying design for existing industrial customers, which should help drive adoption of the $414.0 million Power Products segment. The launch of a new line of SiC Schottky diodes optimized for EV auxiliary power systems is part of this overall product push. The focus remains on translating R&D spend into revenue streams that can eventually overcome the current financial reality, where the company posted a Q4 fiscal 2025 GAAP net loss of $669.30 million.

Here are some key figures related to the product development focus areas:

Product/Metric	Performance/Value	Context/Availability
Gen 4 RDS(on) Improvement	Up to 21% reduction	At operating temperatures
Gen 4 Switching Loss Reduction	Up to 15% lower	In hard-switching applications
2300V Module Switching Loss Reduction vs. IGBTs	77% reduction	For utility/grid applications
2300V Module Voltage Headroom	15% greater	Compared to similar SiC modules
FY2025 R&D Expense	$141.9 million	Part of $374.4 million total operating expenses
FY2025 Power Products Revenue	$414.0 million	Largest revenue segment for the year
FY2026 Reaffirmed CapEx	$150 million to $200 million	Post-restructuring investment plan

You'll want to track the utilization rates at the Mohawk Valley Fab, as underutilization costs impacted the Q4 fiscal 2025 non-GAAP gross margin of (1)%.

• Gen 4 SiC MOSFETs available in 750V, 1200V, and 2300V nodes.
• Gen 4 short-circuit withstand time is up to 2.3 µs.
• 2300V modules enable power scaling from kilowatts to megawatts.
• FY2025 Total Revenue was $758 million.
• FY2025 GAAP Net Loss was $1.61 billion, including a $359.2 million goodwill impairment charge.

Finance: draft 13-week cash view by Friday.

Wolfspeed, Inc. (WOLF) - Ansoff Matrix: Diversification

You're looking at Wolfspeed, Inc. (WOLF) moving beyond its core EV and industrial SiC power device focus, using its recent financial flexibility to push into entirely new product/market combinations. This is where the real strategic risk-and potential reward-lies, so let's look at the numbers supporting these diversification plays.

The immediate financial catalyst for this aggressive stance is the $698.6 million cash tax refund received in December 2025 from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D. This single event bolstered the cash balance to approximately $1.5 billion, providing the agility to explore these new avenues, even as the company navigates the headwinds that saw fiscal year 2025 revenue settle at $758 million.

Here's how Wolfspeed, Inc. (WOLF) can deploy that capital and expertise for diversification:

• Commercialize Gallium Nitride (GaN)-on-SiC devices for new, high-frequency RF applications like 6G telecommunications.
• Use the financial flexibility from the $698.6 million tax refund to acquire a complementary software or control systems company.
• Form a joint venture to develop complete power management subsystems, moving beyond component sales to a system solution.
• Target the defintely new market of high-reliability, radiation-hardened SiC devices for low-earth orbit (LEO) satellite power.
• Explore non-semiconductor applications for SiC material, such as high-performance industrial ceramics or optics.

Targeting New High-Frequency RF Markets

The move into next-generation RF, like 6G, leverages Wolfspeed, Inc. (WOLF)'s existing GaN-on-SiC platform, which offers superior efficiency and bandwidth over traditional silicon. While the company divested its RF business in 2023, the material science expertise remains. The broader GaN RF device market was estimated at $1.2 billion in 2024 and is projected to reach $2.0 billion by 2030. Specifically, GaN-on-SiC growth in Europe is projected at a 6% Compound Annual Growth Rate (CAGR) from 2025 to 2030, showing a steady, albeit slower, expansion compared to GaN-on-Si in that segment. This is a market where higher performance justifies a premium, a key factor when considering the inherent cost of SiC substrates.

Strategic Use of Cash for M&A and System Solutions

The $698.6 million refund is a significant liquidity event. Wolfspeed, Inc. (WOLF) has already earmarked $192.2 million of this to retire approximately $175 million of outstanding debt, strengthening the balance sheet post-restructuring. The remaining funds, plus the overall $1.5 billion cash position, provide the war chest for acquisitions. Integrating software or control systems would move Wolfspeed, Inc. (WOLF) up the value chain from a component supplier to a more integrated technology provider. Similarly, a joint venture for power management subsystems moves them from selling a chip to selling a tested, validated solution, capturing more margin per watt delivered.

Entering the LEO Satellite Power Market

Targeting radiation-hardened SiC for LEO satellites means entering a market with high barriers to entry but significant long-term demand for reliable, high-efficiency power. The global LEO satellite market size was projected to be $7.93 billion in 2025. Radiation-hardened components command a significant price premium over commercial-grade parts. This diversification play is capital-intensive but aligns with the company's core competency in wide-bandgap materials, which inherently offer better performance in harsh environments than silicon.

Exploring Non-Semiconductor Material Applications

This is the furthest out-of-market diversification, exploring the base material itself. While no specific revenue figures are attached to this exploration, the foundation is Wolfspeed, Inc. (WOLF)'s leadership in SiC crystal growth. The company commercially launched its 200mm SiC Materials Portfolio in September 2025, which enhances the material quality for existing customers, but the same material science can be applied elsewhere. This strategy relies on the material's superior hardness and thermal properties translating to non-electronic uses like advanced ceramics or optics, a pure materials play.

The required capital expenditure for core operations is already being managed, with guidance for fiscal year 2026 CapEx set between $150 million and $200 million, dropping sharply to $30 million to $50 million in fiscal year 2027, suggesting that the major 200mm fab build-out costs are being managed, freeing up capital for these diversification efforts.

Metric	Value (FY2025/Latest)	Context
Section 48D Tax Refund Received	$698.6 million	December 2025 cash infusion.
Total Accrued Section 48D Refunds	Approximately $1 billion	Total expected monetization from the credit.
Cash Balance Post-Refund	Approximately $1.5 billion	Enhanced financial flexibility.
Debt Repayment Allocation	$192.2 million	Allocated from the refund to retire debt.
Debt Retired	Approximately $175 million	Debt reduction target using refund proceeds.
FY2025 Total Revenue (Continuing Ops)	$758 million	Revenue for the fiscal year ending June 2025.
FY2025 Non-GAAP Gross Margin	2%	Down from 13% in FY2024.
FY2025 GAAP Net Loss Per Share	($11.39)	Reflecting operational challenges.
Projected FY2026 CapEx Guidance	$150 million to $200 million	Planned capital spending post-restructuring.
Projected FY2027 CapEx Guidance	$30 million to $50 million	Significantly reduced spending planned for FY2027.
Projected LEO Satellite Market Size (2025)	$7.93 billion	Market size for the target satellite power application.