Developing computer vision AI for driving cabin sensing.
Cipia exited 2025 with a smaller net loss, but the remaining business is small, highly concentrated, and gross-margin negative, so the thesis has shifted from internal recovery to timely completion of the Harman and Tomer paths before cash tightens further.
After Harman, Cipia's Aftermarket activity looks more like a limited commercial tail than a new revenue engine: continuing revenue is only $1.456 million, almost all of it comes from unit sales, and by early 2026 the route had narrowed to selling existing inventory that the comp…
The Tomer transaction is effectively a control transfer and business replacement executed through dilution, not a small acquisition; legacy holders are left with 25.01%, and the real risk has shifted to closing the deal without funding stress or a surprise in Tomer's 2025 number…
