Business Outlook Dean Butler, Chief Financial Officer of Synaptics, added, "Our total channel inventories continued to decline in the December quarter and we anticipate a significant topline revenue increase for our Core IoT products in the coming quarter. While some products are beginning to return to growth, others are still suffering from prolonged inventory accumulation, declines in demand, and seasonal effects. As a result, we expect the company's consolidated March quarter revenue to be flat relative to the December quarter. Synaptics generates strong positive cash flows and maintains a healthy balance sheet, enabling us to continually invest in our technology roadmaps." For the third quarter of fiscal year 2024, the company expects: *Projected Non-GAAP gross margin excludes $18.0 million of intangible asset amortization and $1.0 million of share-based compensation.