With 66 design wins, Cipia’s metrics are now more competitive. Our previous benchmark analysis indicated that if Cipia were valued in a similar manner to its competitors, it should be 3.72X to 5.62X its current market cap. With the updated model count, Cipia’s potential valuation range now increases to 4.03X to 6.14X, which translates to a potential market cap range of approximately $71.7M to $109.3M. The average benchmarked valuation is approximately $90.5M, positioning Cipia as a formidable player in the automotive monitoring and safety sector.