Exyn Technologies (EXYN) Investor update summary

Technology and product overview

• Focuses on autonomous navigation and mapping, enabling rapid, high-accuracy data capture in GPS- and comms-denied environments for industries like mining, geospatial, and defense.

• Exyn Nexys is a modular autonomy payload that can be integrated with various commercial drones and ground robots, expanding use cases and market reach.

• Core technology is software-driven (ExynAI), with a growing emphasis on recurring software revenue and OEM integrations.

• Level 4B autonomy allows systems to self-define objectives and navigate complex environments without human intervention, increasing operational efficiency.

• Proven at scale with over 1,000 autonomous missions monthly, operating in harsh real-world conditions for more than six years.

Market expansion and partnerships

• Initially focused on underground mining, now expanding rapidly into geospatial, construction, and defense sectors.

• Geospatial is expected to become the largest revenue driver by year-end, with OEM and defense markets also showing strong growth potential.

• Partnerships with industry leaders like Trimble and Boston Dynamics enhance integration and go-to-market strategies.

• Active collaborations with global channel partners and OEMs, supporting deployments in over 30 countries.

• Integration with leading lidar providers (e.g., Ouster) and standardized APIs/SDKs facilitate seamless adoption across platforms.

Financial performance and outlook

• Achieved approximately 20% year-over-year growth from 2023 to 2024, with a shift toward recurring revenue models.

• Gross margins are around 48%, with a significant seven-figure backlog being worked through in early 2026.

• IPO proceeds provide sufficient cash runway for 18–24 months, supporting investments in sales, marketing, and product development.

• Expectation to close the loss gap and achieve profitability within the next 18–24 months, driven by defense and OEM opportunities.