Q1 2026 revenue of $50.1 million represents a more than 10-fold increase from Q1 2025 and 66% quarter-over-quarter exceeds the high end of Company's guidance by 25%
Raising full-year 2026 revenue target to at least $390 million representing approximately 670% year-over-year increase driven by organic growth, accelerated strategic growth program and global demand for unmanned and autonomous systems
Product companies were adjusted EBITDA positive during the first quarter, 6 months ahead of targets
Pro forma backlog reached $457 million vs $68.3 million at the end of 2025, driven by significant order activity during the quarter and the addition of newly acquired companies
$1.48 billion in cash, cash equivalents, restricted cash and short-term investments as of March 31, 2026, providing substantial capacity to support organic growth and the Core + Strategic Growth Program
Conference Call Scheduled for today, May 14th at 8:30 a.m. ET
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Proposed partnership would be expected to integrate, if completed, with Nepra's pending Idaho bottling acquisition and support beverage infrastructure, fulfillment, and operational capabilities.
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Revenue: 1Q26 revenue increased by 12% to $21.3 million.
Gross margins: 1Q26 gross margin expanded by over 480 basis points to 51.8%.
Adjusted EBITDA margin: increased 180 basis points to 18.7%1
Earnings: 1Q26 Diluted EPS of $0.69 compared to $0.55 in 1Q25.
Adjusted Earnings: 1Q26 non-GAAP diluted adjusted EPS1 of $0.88, up from $0.62 in 1Q25.
Balance sheet: Growing Cash Balance of $29.0 million at March 31, 2026, versus $22.8 million at December 31, 2025; Record Cash Balance for the third consecutive quarter.
Capital Allocation: Repurchased approximately 3,000 shares during 1Q; $3.5 million remaining under current authorization
BKR9500: Public Debut of the BKR9500 Multiband Mobile; On pace for second half of 2026 Federal Communications Commission (FCC) approval and shipments in first half of 2027.
Outlook: Reiterating full year 2026 targets: $90 million in revenue, gross margin of +50%, GAAP EPS of over $3.15 per diluted share, and non-GAAP adjusted EPS1 of $3.55 per diluted share. These targets reflect expensing of engineering costs that were previously capitalized.
New Black Book Research report analyzes Israel's EHR/EMR maturity, national health information exchange, AI in medicine, hospital cybersecurity, wartime continuity, digital mental health, diagnostic IT, population health, and Israel's HIT Top 100 vendor landscape
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News Release Highlights:
Battery X Metals has taken delivery of three next-generation lithium-ion battery rebalancing machines incorporating design enhancements aligned with the Company's evolving product and platform strategy, representing an important milestone in the continued advancement of its patent-pending battery rebalancing technology.
The newly delivered rebalancing machines are expected to support expanded real-world validation activities, continued adapter development for multiple electric vehicle battery architectures, and ongoing technical and commercial evaluation initiatives.
Battery X Metals intends to utilize the newly delivered rebalancing machines across research and development, product demonstrations, pilot initiatives, and engagement activities involving prospective strategic partners and industry participants as it advances commercialization readiness initiatives for its battery rebalancing technology.
CGM confirmed suitable for recommissioning, scenario analysis ongoing
HIGHLIGHTS
Central Gawler Mill (CGM) assessed to be suitable for recommissioning, with the reprocessing of historical TSF1 tailing materials considered technically feasible and operationally practical
Open pit Resource upgrade, geotechnical, metallurgical, and optimisation programs ongoing
First Quarter Highlights
Per Class B share(3): $1.20 adjusted basic earnings up 1.7%; $1.18 basic earnings per share even to first quarter 2025; currency translation negligible
Sales increased 2.8% on 1.9% organic growth, 0.3% acquisition growth and 0.6% positive currency translation
CCL, Avery and Checkpoint Segments posted organic sales growth of 3.1%, 2.4% and 0.6%, respectively, partly offset by an organic decline for Innovia of 4.5%
Operating income(1) improved 0.2%, with a 16.4% operating margin(1) down 40 bps
$129.8 million returned to shareholders in stock buybacks and dividends
Q1 net sales reached $3.3 million with gross margin of 26%; Company enters Q2 with SOLIS and COR shipping, COR certified, NEXUS launched, Tri-State distribution added, and operational cash-flow targeted within 2026.
Read MoreEXXUA -- with only a partial quarter of full sales force support -- contributed $2.4 million in net revenue supported by rapid monthly compounding script growth rates
Total net revenue of $12.4 million
Adjusted EBITDA1 of $(2.8) million, which includes EXXUA™ (gepirone) extended-release tablets ("EXXUA") launch investments as the Company enters the over $22 billion United States prescription major depressive disorder ("MDD") market
$26.7 million cash balance at March 31, 2026
Company to host conference call and webcast today, May 13, 2026, at 4:30 p.m. Eastern time
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- Dermata announced their Tome Skincare brand for direct-to-consumer ("DTC") skincare products -
- Dermata plans to launch its first DTC product, the Tome Foundational Treatment, a once-weekly mask to support skin renewal, in the middle of 2026 -
- Raised $2.0 million in net proceeds from it's at-the-market ("ATM") financing facility -
Read MoreEnterprise wins, high recurring revenue mix, strong gross margin and Gartner® Visionary recognition highlight CXAI's positioning as a vertical AI platform for the modern workplace
Read MoreNameBlock, the domain blocking platform helping registries and rights holders proactively prevent abusive and unauthorized registrations, today announced a new partnership with Red de Desarrollo Sostenible - Honduras (RDS-HN), the official registry operator of .HN . Through this agreement, .HN will join the growing network of top-level domains offering advanced brand protection and abuse prevention solutions through NameBlock.
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Vadzo Imaging's VISPA ARC USB camera SDK extends verified support to Ubuntu 24.04 LTS and Linux Kernel 6.x, enabling the Falcon-1335CRS, Falcon-900MGS, Falcon-2020MRS, and Falcon-821CRS USB camera to integrate directly into modern embedded Linux development environments without kernel patching, custom driver builds, or UVC compatibility workarounds.
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