Mobvoi Inc. reported revenue of RMB178.9 million for the six months ended June 30, 2025, an increase of 10.0% from RMB162.7 million in the same period of 2024. Gross profit was RMB106.3 million, up 0.9% from RMB105.3 million a year earlier. The company reported a net loss of RMB2.9 million for the period, representing a reduction of 99.5% compared to a net loss of RMB578.8 million in the first half of 2024. On a non-GAAP basis, the adjusted net loss was RMB1.4 million, a decrease of 97.5% from RMB55.9 million in the prior-year period. By segment, revenue from AI Software solutions (AI software) was RMB80.6 million, down 21.7% from RMB103.0 million, while Smart Devices and Other Accessories (AI hardware) recorded revenue of RMB98.3 million, up 64.8% from RMB59.6 million. The company stated that the improvement in loss figures was primarily due to the absence of changes in the carrying amount of contingently redeemable preferred shares and ordinary shares in the first half of 2025. Mobvoi attributed the revenue growth to increased strategic investments in marketing and the launch of its new product, TicNote, as well as optimization of its product category inventory structure. The company also reported progress in integrating AI Agent technology into its core business processes and operational management systems, aiming to establish an efficient, flexible, and self-evolving AI-native workflow. Mobvoi expects gross profit to stabilize as the inventory realignment process is completed. The company reiterated its commitment to software and hardware integration and further development of AI capabilities.