FBR (FBR) Q1 2027 TU earnings summary

Executive summary

• First Mantis™ unit passed Factory Acceptance Testing after quarter-end, making its US$990,000? sale order binding and unconditional; Industrial Robotics paid a $198,000 deposit.

• Industrial Robotics was appointed non-exclusive Mantis™ distributor for the US and Canada; Hadrian® completed its first current-generation Australian residential demonstration build.

Financial highlights

• Operating cash outflow was $2.073m and investing cash outflow was $106,000 for the quarter.

• Financing activities provided $2.389m net; quarter-end cash was $238,000.

• Post-quarter SPP and shortfall subscription raised $2.5m before costs; the first Mantis™ sale deposit added $198,000.

Outlook and guidance

• Continued operations and business objectives were expected to be supported by the post-quarter $2.5m raise, Mantis™ proceeds, potential R&D tax financing and a second convertible-note tranche.

• Further funding options under consideration included debt, equity and additional machine sales.

• Customer demonstrations for Mantis™ in Perth were planned through January 2027, with dispatch to the US after the remaining balance is settled.