Exyn Tech | 8-K: FY2026 Q1 Revenue: USD 1.19 M

Revenue: As of FY2026 Q1, the actual value is USD 1.19 M.

EPS: As of FY2026 Q1, the actual value is USD -2.45.

EBIT: As of FY2026 Q1, the actual value is USD -2.88 M.

Revenue

Revenue for the first quarter of 2026 was $1.19 million, reflecting a decrease of approximately $27 thousand or 2.3% compared to $1.22 million in the first quarter of 2025, primarily due to the timing of customer project activity and product deliveries .

Gross Profit

Gross profit increased by 16% to $0.50 million in the first quarter of 2026, up from $0.43 million in the prior-year period, driven by a more favorable revenue mix and lower product and service delivery costs .

Gross Margin

Gross margin improved to 42.2% in the first quarter of 2026 from 35.6% in the prior-year period, representing an improvement of 660 basis points .

Total Operating Expenses

Total operating expenses were $3.38 million, compared to $2.95 million in the prior-year period, mainly due to higher selling, general, and administrative expenses associated with the company’s transition to public-company operations .

Net Loss

Net loss was - $3.24 million, or - $2.45 per basic and diluted share, in the first quarter of 2026, compared to a net loss of - $2.58 million, or - $1.96 per basic and diluted share, in the first quarter of 2025 .

Cash and Cash Equivalents

Cash and cash equivalents were approximately $1.1 million as of March 31, 2026, an increase from $0.8 million as of December 31, 2025 . As of July 6, 2026, cash and cash equivalents were approximately $7.4 million, reflecting net proceeds from Exyn Technologies, Inc.’s initial public offering after repaying outstanding obligations .

Outlook

Exyn Technologies, Inc. views its successful IPO as a transformative milestone, strengthening its balance sheet and expanding capital access to execute its long-term growth strategy through product innovation, commercial expansion, and strategic initiatives . The company believes it is uniquely positioned to capitalize on the growing demand for autonomous robotics and AI-powered navigation across commercial and defense markets . Exyn Technologies, Inc. anticipates driving long-term growth and creating lasting value for customers and shareholders .