Preliminary Second Quarter 2026 Financial Results

• Net sales in the second quarter 2026 were $5.2 million, an increase of 59% sequentially as compared to $3.3 million in the first quarter 2026
• Gross margin as a percentage of sales was 57.1% in the second quarter 2026, as compared to 49.5% in the first quarter 2026
• Cash at June 30, 2026 was $10.8 million as compared to $5.7 million on March 31, 2026, reflecting the net cash proceeds from the May 2026 direct investment

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