NEO Battery Materials (NBM) investor relations material

Executive summary

• Achieved $178,964 in revenue and reported a gross loss of $643,261 for FY2027 Q1, reflecting early-stage commercial production and scale-up challenges.

• Cash balance increased significantly to $3,432,807 from $63,775 year-over-year.

• Secured multiple purchase orders and qualified leads from Korean and Japanese drone/UAV manufacturers, with ongoing collaborations and product validations.

• Announced first public drone customer, Assetta Inc., and strategic efforts to replace Chinese-manufactured batteries.

• Initiated construction and retrofitting of main warehouse for expanded battery cell assembly, targeting phased capacity increases.

Financial highlights

• Revenue of $178,964 and gross loss of $643,261, attributed to low production volumes not yet offsetting fixed costs.

• Cash position rose to $3,432,807, a substantial increase from the prior year.

Outlook and guidance

• Expects gross loss gap to narrow as production throughput increases.

• Plans to expand contract manufacturing for U.S. battery companies and increase production capacity through facility upgrades.

• Anticipates initial production capacity of 50MWh, scaling up to 250MWh as expansion phases complete.