I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 950 K.
EPS: As of FY2026 Q2, the actual value is USD -1.55.
EBIT: As of FY2026 Q2, the actual value is USD -6.9 M.
Revenue
Revenue for the second quarter of 2026 was $950 thousand, a decrease compared to $1.4 million in the prior-year period, primarily due to the timing of customer deployments and project revenue recognition .
Cost of Revenues
Cost of revenues decreased by 37.4% to $504 thousand in the second quarter of 2026, down from $806 thousand in the second quarter of 2025 .
Gross Profit and Margin
Gross profit was $445 thousand, compared with $552 thousand in the prior-year period . Gross margin increased by 630 basis points to 46.9% in the second quarter of 2026, up from 40.6% in the second quarter of 2025, driven by an improved project mix and lower cost of revenues relative to revenue .
Net Loss
Net loss was - $6.9 million, or - $1.55 per basic and diluted share, compared with a net loss of - $2.9 million, or - $2.22 per basic and diluted share, in the prior-year quarter .
Cash and Cash Equivalents
Cash and cash equivalents were approximately $7.8 million as of June 30, 2026, significantly higher than $812 thousand as of December 31, 2025 .
Operational Metrics
EXYN TECHNOLOGIES, INC. announced leadership changes, appointing Benjamin Williams as Interim Chief Executive Officer and Gregory McNeal as Chairman of the Board of Directors, following the resignation of Brandon Torres Declet . The company continued to increase the contribution of higher-margin software and subscription revenue, which contributed to gross margin expansion . EXYN TECHNOLOGIES, INC. expanded into the multibillion-dollar defense sustainment market and strengthened its position within the U.S. government market with new customer contracts across mining, infrastructure, and U.S. government sectors . The company has completed thousands of autonomous missions in various GPS-denied environments globally, including underground mines, tunnels, and industrial facilities, demonstrating the battle-tested nature of its ExynAI autonomy platform .
Outlook / Guidance
EXYN TECHNOLOGIES, INC. expects commercial execution, expanding software and subscription revenue, and continued momentum in its defense initiatives to support revenue growth in the second half of the year, while also anticipating further improving the quality of its revenue mix . The company is focused on executing its growth strategy by expanding software and subscription revenue and scaling its ExynAI platform across both commercial and defense markets . Additionally, EXYN TECHNOLOGIES, INC. aims to strengthen its internal controls, financial procedures, and oversight functions to align with its new public company status, though it acknowledges risks related to its ability to continue as a going concern and the need to remediate material weaknesses in internal control over financial reporting .