Second Half 2026 Outlook

Management expects revenue of approximately $15.0 million for the second half of 2026, representing growth of more than 60% as compared to the first half of 2026.

At the end of April, the Company took steps to streamline its organization and better align its cost structure with the scale of the business. Management expects the benefits of these actions to become increasingly evident in the second half of the year.

The foregoing projected outlook constitutes forward-looking information and is intended to provide information about management’s current expectations for the Company’s 2026 fiscal year. Although considered reasonable as of the date hereof, this outlook, and the underlying assumptions may prove to be inaccurate. Accordingly, actual results could differ materially from the Company’s expectations as set forth herein. See "Forward-Looking Statements."

In preparing the above outlook, the Company assumed, among other things, (i) that the Company’s backlog orders will translate into revenue, (ii) that the Company will be able to satisfactorily complete and deliver all orders and (iii) the timely payment by customers for all billings. This section includes forward-looking statements. See "Forward-Looking Statements."