Exyn Technologies, Inc. reported results for the quarter ended 2026 with revenue of $1.19M and a diluted loss per share of ($2.45), as the company recorded a net loss of ($3.24M) compared with the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$1.19M$1.22M(2.3%) | Net income²($3.24M)($2.58M)(25.6%) | Diluted EPS³($2.45)($1.96)(25%) |
¹ Reported as “Revenues, net”. ² Reported as “Net loss”. ³ Reported as “Diluted loss per share”.
Business Highlights
- Revenue was relatively stable at about $1.19M, down 2.3% year over year, with timing of project activity and deliveries cited as drivers of the slight decline.
- Sales mix skewed toward direct sales (68%) with channel partners contributing 32%; the Nexys product accounted for roughly 82% of revenue.
- Gross profit improved about 16% due to a more favorable revenue mix and lower delivery costs, supporting better unit economics.
- SG&A increased to support public-company operations and go-to-market expansion, while R&D spending was modestly reduced.
- Management is prioritizing high-revenue segments and seeking near-term funding as limited cash flow constrains growth investments.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.