EXYN

Highlights Continued Progress Executing Defense Strategy, Expands U.S. Government Engagement and Continued Commercial Deployment of ExynAI PHILADELPHIA, PA, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Exyn Technologies ("Exyn" or the "Company") (NASDAQ: EXYN, EXYNW), a leader in autonomous mapping and perception-driven navigation for complex, GPS-denied environments, today announced financial results for the second quarter ended June 30, 2026. Recent Strategic Highlights: Advanced its defense strategy by rebranding its government subsidiary as Exyn Defense and initiating the Green UAS certification process for the Nexys autonomous mapping platform, strengthening the Company's position to expand deployments across the U.S. Department of War, federal agencies, and allied organizations. Expanded into the multibillion-dollar defense sustainment market through an agreement supporting autonomous aircraft inspection and digital twin initiatives at the U.S. Air Force's Warner Robins Air Logistics Complex. Strengthened its position within the U.S. government market after Nexys was selected by a leading U.S. government research and engineering organization following a competitive evaluation against commercial LiDAR systems. During the first half of 2026, Exyn secured new customer contracts across mining, infrastructure, and U.S. government sectors spanning three continents, including the U.S. Army Corps of Engineers, reflecting accelerating demand for autonomous mapping in GPS-denied environments. Second Quarter 2026 Financial Results: Revenue was $950 thousand for the second quarter of 2026, compared with $1.4 million in the prior-year period, reflecting the timing of customer deployments and project revenue recognition. Cost of revenues decreased 37.4% to $504 thousand, compared with $806 thousand in the second quarter of 2025. Gross profit was $445 thousand, compared with $552 thousand in the prior-year period. Gross margin increased 630 basis points to 46.9%, compared with 40.6% in the second quarter of 2025, driven by improved project mix and lower cost of revenues relative to revenue. 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 were approximately $7.8 million as of June 30, 2026, compared to $812 thousand as of December 31, 2025. “The second quarter marked an important milestone in Exyn's evolution as we accelerated our expansion into defense while continuing to strengthen the core technology that differentiates our business,” commented Ben Williams, Chief Operating Officer of Exyn Technologies. “Having successfully completed our initial public offering in May 2026, we are now focused on executing our growth strategy, working to expand top-line revenue, increasing software and subscription adoption, and scaling our platform across commercial and defense markets. At the heart of Exyn is ExynAI, our proprietary, hardware-agnostic autonomy platform that enables robots to operate independently in GPS-denied, communications-contested, and other complex environments where traditional systems cannot. We believe this technology represents a significant competitive moat, built through years of real-world deployments and millions of autonomous decisions across demanding industrial applications. That same autonomy engine powers our Nexys platform today and can be licensed to third-party manufacturers through our software development kit and application programming interface, enabling them to integrate Level 4B autonomy directly into their platforms without developing autonomy from scratch. This software-first model is intended to create the opportunity for high-margin, recurring revenue while allowing us to scale across an expanding installed base of third-party systems. While second-quarter revenue reflected the timing of customer deployments, we continued to increase the contribution of higher-margin software and subscription revenue, driving gross margin expansion and reinforcing our strategy of building a scalable, recurring revenue business.” “As governments increasingly prioritize autonomous capabilities, we believe the same technology proven in mining, infrastructure, and industrial environments is uniquely suited for defense and national security missions. Our recent launch of Exyn Defense, progress toward Green UAS certification, and growing engagement with U.S. government customers reinforce our conviction that defense represents one of the largest long-term growth opportunities for Exyn. Our commercial business continues to validate and strengthen ExynAI through real-world deployments, reinforcing the technology moat that is defined to differentiate our platform while creating capabilities that we believe translate directly into defense applications. Looking ahead, we expect commercial execution, expanding software and subscription revenue, and continued momentum in our defense initiatives to support revenue growth in the second half of the year while further improving the quality of our revenue mix.” About Exyn Technologies Exyn Technologies (NASDAQ: EXYN, EXYNW) is a leader in autonomous mapping and perception-driven navigation for complex, GPS-denied environments. The Company’s technology enables teams to capture accurate 3D data in environments that are dark, disconnected, hazardous, or difficult to access. Exyn’s solutions support customers across mining, construction, infrastructure, geospatial, industrial, government, and defense applications. For more information, visit www.exyn.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release are forward-looking statements, including statements regarding Exyn’s SLAM technology and its potential benefits, the speed and accuracy of data collection, any potential cost savings or operational benefits to be achieved by Exyn’s clients; the Company’s expectations regarding commercial execution, expanding software and subscription revenue, and revenue growth; and the Company’s expectations regarding market growth and future commercial or strategic opportunities. These forward-looking statements are based on current expectations, estimates, projections, assumptions, and beliefs of the Company’s management, including assumptions regarding market demand, customer adoption, technology performance, procurement activity, defense and government spending, competitive conditions, third-party market forecasts, and the Company’s ability to execute its strategy. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, and other important factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, Exyn’s ability to commercialize and deploy Exyn Nexys and other autonomy solutions; adoption of autonomous robotics and 3D mapping solutions; product performance, safety, cybersecurity and integration in GPS-denied and other complex environments; defense, OEM, industrial and government customer purchasing decisions; defense priorities, budgets, procurement processes and contract timing; the Company’s ability to convert initial deployments into additional or recurring business; Exyn’s ability to raise substantial additional funds in the future; competition, technological change, supply chain, manufacturing, regulatory, export-control and government-contracting risks; IP protection; and the other risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements can generally be identified by words such as “anticipates,” “believes,” “designed,” “expects,” “forecasts,” “intends,” “may,” “plans,” “potential,” “projects,” “seeks,” “should,” “targets,” “will,” “would,” and similar expressions, although not all forward-looking statements contain these identifying words. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. Media ContactVanessa [email protected] Investor ContactCrescendo Communications, [email protected](212) 671-1020

PHILADELPHIA, PA, July 06, 2026 (GLOBE NEWSWIRE) -- Exyn Technologies ("Exyn" or the "Company") (NASDAQ: EXYN, EXYNW), a leader in autonomous mapping and perception-driven navigation for complex, GPS-denied environments, today announced financial results for the first quarter ended March 31, 2026. Recent Strategic Highlights: Completed Initial Public Offering (IPO) - In May 2026, Exyn successfully completed its initial public offering, raising approximately $19.4 million in gross proceeds, before underwriting discounts, commissions, and offering expenses, and began trading on the Nasdaq Capital Market under the symbols "EXYN" and "EXYNW," strengthening the Company's balance sheet and providing capital to support the execution of its long-term growth strategy and continued investment in its ExynAI-powered autonomy platform. Launched Exyn Defense - In June 2026, the Company rebranded its wholly owned defense-focused subsidiary, Range, as Exyn Defense, Inc., establishing a dedicated business focused on delivering ExynAI-powered autonomy and mapping capabilities for government, defense, national security, and allied mission applications. Built on a platform-agnostic architecture, Exyn Defense is designed to integrate across aerial, ground, and hybrid robotic systems, enabling autonomous operations in contested, GPS-denied, and mission-critical environments. Expanded Commercial Deployments - Exyn continued to expand the deployment of its ExynAI Autonomy & Mapping Stack across underground mining, industrial, construction, and critical infrastructure environments. The Company's technology enables autonomous navigation and high-fidelity mapping in complex settings where GPS, reliable communications, and pre-existing maps are unavailable, reinforcing Exyn's position as a leader in autonomous operations in unstructured environments. First Quarter 2026 Financial Results: Revenue was $1.19 million for the first quarter of 2026, compared to $1.22 million for the first quarter of 2025, representing a modest decrease of approximately $27 thousand or 2.3%. The slight decline was primarily attributable to the timing of customer project activity and product deliveries during the period. Gross profit increased by 16% to $0.50 million, compared to $0.43 million in the prior-year period, driven by a more favorable revenue mix and lower product and service delivery costs. Gross margin improved to 42.2% in the first quarter of 2026 from 35.6% in the prior-year period, reflecting an improvement of 660 basis points. Total operating expenses were $3.38 million, compared to $2.95 million in the prior-year period, primarily reflecting higher selling, general, and administrative expenses associated with the Company’s transition to, and readiness for, public-company operations. Net loss was $3.24 million, or $(2.45) per basic and diluted share, 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 were approximately $1.1 million as of March 31, 2026, compared with $0.8 million as of December 31, 2025. As of July 6, 2026, cash and cash equivalents were approximately $7.4 million, reflecting the net proceeds from the Company's IPO, after repayment of its outstanding obligations to Western Alliance Bank and Maximcash Solutions. Brandon Torres Declet, Chief Executive Officer of Exyn Technologies, commented, “During the first quarter of 2026, Exyn achieved a transformative milestone with the successful completion of our initial public offering, marking the beginning of an exciting new chapter in the Company's evolution. Becoming a public company strengthened our balance sheet, expanded our access to capital, and enhanced our ability to execute our long-term growth strategy through continued investment in product innovation, commercial expansion, and strategic initiatives. We believe Exyn is uniquely positioned to capitalize on the growing demand for autonomous robotics and AI-powered navigation across both commercial and defense markets. With the launch of Exyn Defense, we have expanded our addressable market while remaining focused on our core mission of delivering platform-agnostic autonomy solutions that enable robots to operate in environments where GPS, communications, and prior maps cannot be relied upon. As adoption of autonomous systems continues to accelerate, we believe Exyn is well positioned to drive long-term growth and create lasting value for our customers and shareholders.” About Exyn Technologies Exyn Technologies (NASDAQ: EXYN, EXYNW) is a leader in autonomous mapping and perception-driven navigation for complex, GPS-denied environments. The Company’s technology enables teams to capture accurate 3D data in environments that are dark, disconnected, hazardous, or difficult to access. Exyn’s solutions support customers across mining, construction, infrastructure, geospatial, industrial, government, and defense applications. For more information, visit www.exyn.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release are forward-looking statements, including statements regarding Exyn’s SLAM technology and its potential benefits, the speed and accuracy of data collection, any potential cost savings or operational benefits to be achieved by Exyn’s clients; and the Company’s expectations regarding market growth and future commercial or strategic opportunities. These forward-looking statements are based on current expectations, estimates, projections, assumptions, and beliefs of the Company’s management, including assumptions regarding market demand, customer adoption, technology performance, procurement activity, defense and government spending, competitive conditions, third-party market forecasts, and the Company’s ability to execute its strategy. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, and other important factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, the Company’s ability to successfully launch, operate, and grow its business; the ability of the Company’s technology to meet the requirements of various customers; delays or failures in customer adoption, procurement processes, platform integrations, operational evaluations, or contract awards; changes in government priorities, regulations, export controls, or procurement requirements; reliance on third-party platforms, partners, systems integrators, or suppliers; competitive developments; the accuracy of third-party market research and growth forecasts; and the other risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements can generally be identified by words such as “anticipates,” “believes,” “designed,” “expects,” “forecasts,” “intends,” “may,” “plans,” “potential,” “projects,” “seeks,” “should,” “targets,” “will,” “would,” and similar expressions, although not all forward-looking statements contain these identifying words. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. Media ContactVanessa [email protected] Investor ContactCrescendo Communications, [email protected](212) 671-1020