Operator

Ladies and gentlemen, good afternoon. At this time, I would like to welcome everybody to QuickLogic Corporation's First Quarter Fiscal 2026 Earnings Results Conference Call. As a reminder, today's call is being recorded for replay purposes. I would now like to turn the conference over to Ms. Alison Ziegler of Darrow Associates.

Ms. Ziegler, you may proceed.

Alison Ziegler
Darrow Associates Inc.

Thank you, Sherry, and thanks to all of you for joining us. Our speakers today are Brian Faith, President and Chief Executive Officer; and Elias Nader, Senior Vice President and Chief Financial Officer.

As a reminder, some of the comments QuickLogic makes today are forward-looking statements that involve risks and uncertainties, including, but not limited to, statements regarding our future profitability and cash flows, expectations regarding our future business and statements regarding the timing, milestones and payments related to our government contracts, statements regarding the expected magnitude of potential contracts and statements regarding expected adoption rates and/or orders by our customers.

Actual results may differ due to a variety of factors, including delays in the market acceptance of the company's new products, the ability to convert design opportunities into customer revenue, our ability to replace revenue from end-of-life products, the level and timing of customer design activity, the market acceptance of our customers' products, the risks that new orders may not result in future revenue, our ability to introduce and produce new products based on advanced wafer