| |
MESSAGE _ENGLISH VERSION_ |
|
| |
Title: Preliminary estimates of revenues from the sale of products and
services for Q2 and H1 2026
Legal basis: Article 17_1_ MAR - inside information
Content of the Report:
The Management Board of XTPL S.A. ["Issuer", "Company", "XTPL"] hereby
reports preliminary estimates of the Company's consolidated revenues
from the sale of products and services for the second quarter and for
the first half of 2026.
1. Estimated consolidated revenues from the sale of the Company's
products and services in the second quarter of 2026 were PLN 298
thousand. In the same period of the previous year, the revenues were PLN
2,003 thousand. This figure does not include proceeds on account of
grants related to the Issuer's implementation of research and
development projects.
2. Estimated consolidated revenues from the sale of the Company's
products and services in the first half of 2026 are PLN 1,517 thousand
compared to PLN 5,132 thousand posted in the same period last year. This
figure does not include proceeds on account of grants related to the
Issuer's implementation of research and development projects.
In the first half of 2026, the Company intensified its business
development activities. As a result, it secured its first order for the
ODRA system - a device that forms XTPL's fourth business line, serving
as a standalone system designed for High-Mix, Low-Volume _HMLV_
industrial production. The high unit price and the potential for
recurring orders should provide a significant source of sales growth for
XTPL in the coming years. The first purchaser of ODRA is an industrial
client headquartered in Silicon Valley, California, U.S., specializing
in advanced semiconductor packaging and providing prototyping and
High-Mix, Low-Volume _HMLV_ production services for demanding clients in
the technology and defense sectors [Current Report No. 10/2026 dated
March 10, 2026].
In addition, the Company has entered into a strategic partnership
agreement with Manz Asia, under which XTPL and Manz Asia will jointly
conduct demonstrations and evaluations of Ultra-Precise Dispensing
technology for industrial customers in the advanced semiconductor
packaging sector. Both partners contribute their respective client
networks interested in precision printing technology. The Manz
innovation center will serve as a gateway to the local industrial
ecosystem and technology decision-makers. In the long term, the
partnership includes the possibility of integrating the UPD technology
into Manz Asia's machines for dedicated customer implementation projects
[Current Report 7/2026 dated February 24, 2026].
In the first half of 2026, XTPL also made significant progress on new
industrial projects carried out with partners in Japan. Both projects
concern the use of UPD technology in yield management processes
_improvement of production yields_ for advanced structures applied in
the area of advanced packaging, including advanced HDI/UHDI printed
circuit boards _PCBs_ and semiconductor substrates, using copper as the
conductive material [Current Report No. 26/2026 dated June 11, 2026, and
Current Report No. 30/2026 dated July 3, 2026].
In addition, the Company is finalizing the terms of an order for a
second batch of UPD printing modules for an end customer's industrial
production line - a leading Chinese display manufacturer listed on the
Shenzhen Stock Exchange with annual revenues in the tens of billions of
USD. The modules will be used to repair defects in modern, ultra-high
resolution Flat Panel Displays _FPDs_. This marks a continuation of the
industrial collaboration that began in 2025 [Current Report 1/2025 dated
January 2, 2025].
All of these transactions will impact the Company's revenue and cash
flows in the second half of 2026, and the potential for further
cooperation may serve as a significant driver of sales growth in future
periods.
In the second quarter of 2026, the Company received PLN 1,085,000 in
grant funds following the settlement of the project "Ultrasound Combined
with Bioimpedance Analysis and Graphene FET-Enhanced Wearable Sensing
for Decentralized Health Monitoring" [Current Report 1/2024 dated
January 12, 2024] and the first tranche from the project "Development of
additive technology for the integration of photonic integrated circuits
for applications in artificial intelligence" [Current Report 12/2026
dated March 12, 2026]. During the corresponding period of the previous
year, the Company did not receive any grant funds.
The Company's estimated cash balance as of the end of June 2026 was PLN
15.5 million. This figure includes proceeds from a share offering
totaling PLN 19.5 million gross, conducted in March 2026 [Current Report
16/2026 dated March 24, 2026]. At the same time, the Company remains
active in securing funding through grants for innovative projects. XTPL
is also in advanced discussions with a potential strategic investor and
regarding debt financing. The funds raised and proceeds from sales,
supported by additional sources of financing, enable the implementation
of industrial projects and related further R_D work, the development and
commercialization of new products - including ODRA, next-generation
printing modules, and printing inks - the development of sales
structures, the intensification of marketing activities, and the
maintenance of a safe inventory level.
The Company's Management Board emphasizes that the above figures are
estimated and preliminary data, which means that they may ultimately
differ from those to be disclosed in financial statements.
The scheduled date for the publication of the interim report for the
second quarter and the first half of 2026 is September 28, 2026.
|
|
|
RB: Wstępne szacunkowe dane o przychodach ze sprzedaży produktów i usług za II kwartał
i I półrocze 2026 roku.
