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Exyn Technologies (NASDAQ: EXYN) reported second quarter 2026 revenue of $950 thousand, down from $1.4 million a year earlier, mainly due to the timing of customer deployments and project revenue recognition.
Cost of revenues fell 37.4% to $504 thousand, lifting gross margin by 630 basis points to 46.9% and yielding gross profit of $445 thousand. Net loss widened to $6.9 million, or $1.55 per basic and diluted share, compared with a net loss of $2.9 million, or $2.22 per share, in the prior-year quarter. Cash and cash equivalents increased to $7.8 million as of June 30, 2026, from $812 thousand at year-end 2025, reflecting the company’s initial public offering completed in May 2026.
Strategically, Exyn advanced its defense-focused strategy, rebranding its government subsidiary as Exyn Defense, progressing on Green UAS certification for the Nexys platform, expanding agreements within U.S. Air Force sustainment, and adding new contracts across mining, infrastructure, and U.S. government sectors.
Exyn Technologies (NASDAQ: EXYN, EXYNW) has formed a new Defense Advisory Board and named former Deputy Assistant Secretary of Defense for Special Operations and Combating Terrorism Andrew Knaggs as its inaugural member. The board is intended to help scale Exyn Defense by converting Exyn’s autonomous mapping and navigation technology into U.S. and allied defense programs. Knaggs brings senior Pentagon experience, prior oversight of a $1 billion R&D portfolio and $300 million budget at JIEDDO, and a background as a decorated U.S. Army Special Forces officer. ExynAI is already fielded on sUAS and UGVs in active U.S. Department of War and UK Ministry of Defence programs, following 2026 U.S. government engagements with the U.S. Army Corps of Engineers and the U.S. Air Force’s Warner Robins Air Logistics Complex.
Exyn (NASDAQ: EXYN, EXYNW) announced that its Exyn Nexys handheld LiDAR scanner was selected by a leading U.S. government research and engineering organization after a head-to-head technical evaluation against other commercial LiDAR systems. The lab benchmarked handheld scanning systems and SLAM algorithms before choosing Exyn Nexys for its survey-grade accuracy, mobility and speed in complex, GPS-denied environments.
This initial deployment is expected to support accurate 3D facility and equipment models, recurring facility scans, and as-built documentation across research and manufacturing sites, embedding Nexys into ongoing workflows. The engagement is Exyn’s third disclosed U.S. government engagement of 2026, following July contracts with the U.S. Army Corps of Engineers and a planned demonstration and pilot with the U.S. Air Force’s Warner Robins Air Logistics Complex.
Exyn Technologies (NASDAQ: EXYN) announced a strategic collaboration with Italian UAS manufacturer UP Caeli Via to integrate ExynAI and the Nexys autonomous mapping payload with the compact ARGOS aerial platform. The goal is to extend autonomous mapping and inspection into confined, GPS-denied and hard-to-access industrial environments.
According to Exyn, the integrated system enables autonomous flight, real-time mapping and survey-grade 3D data collection without GPS or continuous operator control, supporting inspection, digital twins, asset management and reality capture. A detachable Nexys payload allows continued data capture when aerial access is impractical. The collaboration supports Exyn’s hardware-agnostic strategy, expands its ecosystem of supported robotic platforms, and is already being used in commercial deployments with a leading luxury vehicle manufacturer for autonomous inspection and reality capture workflows.
Exyn Technologies (NASDAQ: EXYN) reported results from deploying its autonomous Exyn Nexys mapping platform at Eldorado Gold’s Tüprag mine in Turkey. According to Exyn Technologies, Tüprag cut underground survey times from about 40 minutes to 5 minutes per scan and now routinely completes five scans per shift.
The mine achieved roughly 300% greater survey coverage, significantly fewer measurement errors and removed rework that had affected about one in five scans. Remote autonomous operation reduced personnel exposure to unsupported ground, while high‑resolution 3D data improved stope assessment, monthly stockpile reporting and helped identify additional recoverable ore and a new stope in an older area.
Exyn Technologies (NASDAQ: EXYN, EXYNW) announced multiple new autonomous mapping deployments in the first half of 2026 across mining, infrastructure, and U.S. government markets on three continents. New mining customers in North America, South America, and Asia expand adoption among gold, silver, copper, and other critical mineral producers.
According to Exyn, additional contracts include infrastructure inspection projects and work with the U.S. Army Corps of Engineers. Many engagements are multi-period and contribute to a growing base of annual recurring revenue, supporting the company’s AI-powered, GPS-denied autonomy platform for safer, higher-precision underground and hazardous-environment mapping.
Exyn Defense (NASDAQ: EXYN, EXYNW) announced a strategic expansion of its AI autonomy focus from battlefield missions into defense sustainment and readiness, targeting the Department of Defense’s Organic Industrial Base of depots, shipyards, arsenals, and maintenance facilities.
The company is on track for its first aircraft sustainment deployment at the U.S. Air Force’s Warner Robins Air Logistics Complex, starting with an MVP demonstration in October 2026 and planned operational activities in January 2027. Leveraging its modular, platform-agnostic ExynAI autonomy engine and Nexys autonomous mapping system, Exyn Defense will support autonomous aircraft inspection and cargo mapping.
According to the U.S. Government Accountability Office, sustainment (operating and support) represents roughly 70% of a weapon system’s total lifecycle cost, highlighting a large potential addressable market beyond combat systems that Exyn now aims to serve with autonomous inspection, high-fidelity digital twins, and intelligent mapping.
Exyn Defense (NASDAQ: EXYN) has initiated the Green UAS certification process for Nexys, its modular autonomous mapping platform, as part of a strategy to expand use across U.S. Department of Defense, federal agencies, and public safety programs.
According to Exyn Defense, Green UAS certification aligns Nexys with emerging procurement frameworks that emphasize secure, trusted and interoperable autonomous systems. Powered by the ExynAI autonomy engine, Nexys supports GPS-denied, communications-contested and unmapped environments, enabling autonomous navigation, mapping, obstacle avoidance and 3D intelligence for reconnaissance, infrastructure assessment and other mission-critical operations. The initiative also advances the company’s software-first, modular architecture to adapt to evolving government security standards and component ecosystems.
Exyn Defense (NASDAQ: EXYN), the defense business of Exyn Technologies, announced it will exhibit at the 2026 Pennsylvania Defense & Innovation Summit, held July 14–15 at the U.S. Army War College in Carlisle, Pennsylvania. The event convenes senior military leaders, defense technology firms, government agencies, investors, and prime contractors to accelerate innovation for the U.S. defense industrial base.
Exyn Defense will showcase Nexys, a modular autonomous mapping system powered by the proprietary ExynAI autonomy engine. Nexys supports aerial and ground robots to autonomously navigate, map, and gather 3D intelligence in complex, GPS- and communications-denied or unknown environments, targeting applications such as subterranean operations, reconnaissance, infrastructure inspection, post-strike damage assessment, and missions in contested or degraded areas.
Exyn Technologies (NASDAQ: EXYN) announced that Chief Operating Officer Ben Williams will join a live public interview on July 13, 2026, to discuss the future of autonomous robotics and 3D scanning. Williams will address how autonomy differs from automation and remote operation, why many robotics companies struggle to move from lab tests to real-world deployments, and how organizations build trust in autonomous systems operating in complex, GPS-denied environments.
According to Exyn, the conversation will span industrial, mining, infrastructure, and defense use cases, as well as ethical considerations as autonomy expands from safety applications into national security. Williams brings experience from the U.S. Navy, Lockheed Martin, entrepreneurship, and leading operations at Exyn, which reports thousands of autonomous missions in underground and other challenging environments. The event is open to the public via online registration.