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SMR Revenue

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As of the latest data point for Q4'25, SMR reported revenue of USD 1.8M, representing a sharp decline from the previous quarter. The year-over-year revenue growth for this period stands at -94.7%, indicating a significant contraction compared to Q4'24. Over the period from Q1'23 to Q4'25, SMR's revenue trend has been highly volatile. After moderate growth in 2023, revenue dropped sharply throughout 2024, reaching a low of USD 475K in Q3'24, before surging to a peak of USD 34.2M in Q4'24. This spike was followed by another period of elevated revenue in early 2025, but the trend reversed again by Q4'25. The YoY growth line mirrors this volatility, with extreme swings from deep negative territory in 2024 to triple-digit positive growth in 2025, before plummeting back into negative growth at the end of the period.