Solidion Technology — Third Quarter 2026 Earnings Summary

Financial Performance:

• Reported Q3 2026 revenue of $41,638, up from $9,350 in Q3 2025.
• Reported Cost of Revenue of $120,000 for Q3 2026, compared to $4,321 in Q3 2025.
• Reported Selling, General and Administrative, and Research and Development expenses of $2,240,915 for Q3 2026, compared to $1,747,929 in Q3 2025.
• Reported Total Other Income (Expense) of $2,563,700 for Q3 2026, compared to $(2,349,245) in Q3 2025.
• Reported Basic Earnings Per Share (EPS) of $0.02 for Q3 2026, compared to $(1.33) in Q3 2025.
• Reported quarterly net income of approximately $244,000, compared to a net loss of $4.1 million in the prior-year period.
• Maintained cash and cash equivalents of $26.2 million as of September 30, 2026, down from $27.7 million at June 30, 2026.
• Reported working capital of $19.6 million as of September 30, 2026, compared to a deficit of $11.2 million at December 31, 2025.
• Reduced total liabilities by approximately 40% to $7.5 million, compared to $12.0 million at December 31, 2025.
• Stockholders' equity reached $23.8 million, compared to a deficit of $7.2 million at year-end 2025.

Guidance and Future Outlook:

• Intends to remain an opportunistic and disciplined acquirer of revenue-generating assets and businesses in the battery storage sector for the remainder of 2026 and into 2027.
• Plans to advance commercialization initiatives and strengthen manufacturing and commercial capabilities.
• Believes its capital position supports continued investment in its technology portfolio and evaluation of strategic acquisition opportunities.

Business Segments and Product Lines:

• Developed the PEAK Series uninterruptible power supply (UPS) for AI data centers using its 5500 silicon-carbon anode cell, designed to reduce UPS footprint by up to 30% and last up to three times longer than conventional backup battery systems.
• Developed a high-energy 5.5Ah 21700 cylindrical cell with an energy density of 305 Wh/kg and continuous charge/discharge capability exceeding 2C.
• Conducting research under two U.S. Department of Energy grants jointly with Oak Ridge National Laboratory.
• Performing research under a firm-fixed-price U.S. Army STTR contract to develop a flexible, fiber-based rechargeable battery system.

Market and Competitive Landscape:

• The company targets the electric vehicle, energy storage, consumer electronics, aerospace and defense, and AI data center markets.
• Operates within a competitive battery cell market where OEMs may select other battery cell technologies.

Risks and Challenges:

• Risks include the inability of batteries to perform as expected, including design or manufacturing defects.
• Potential competition in the evolving battery cell market and selection of other technologies by OEMs.
• Need for additional safety testing before battery technology can be installed in electric vehicles.
• Reliance on complex production equipment and operational and cost uncertainty in production.
• Performance of licensed technologies that have not been commercialized or have only been commercialized to a limited extent.
• Raw material and component price increases, supply constraints, and ability to control costs at scale.
• Pace of consumer adoption of electric vehicles and unavailability of government incentives and subsidies.
• Limited operating history and untested business model.
• History of losses and ability to obtain additional capital on commercially reasonable terms.
• Material weaknesses in internal control over financial reporting, product liability claims, litigation, regulatory actions, and cybersecurity incidents.

Management Commentary and Tone:

• CEO Jaymes Winters stated the company continued strengthening its financial foundation while positioning for its next phase of growth.
• Management described its approach to acquisitions as disciplined and opportunistic.
• Management expressed confidence that the healthy cash position and improved balance sheet provide flexibility to pursue opportunities complementing existing technology and manufacturing capabilities.
• Management believes the strategy positions the company to capitalize on opportunities across the energy storage industry while maintaining a commitment to long-term shareholder value.

Other Key Points:

• On August 31, 2026, the Board of Directors expanded with the appointment of three independent directors: Mark Schwartz, Kimi L. Ellen, and Dante W. Robinson.
• On September 13, 2026, the Board of Directors authorized a share repurchase program of up to $1.0 million of the Company's common stock.
• The Company holds a global portfolio of over 385 patents covering innovations such as high-capacity, silane gas-free, and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies.
• The Company is headquartered in Dallas, Texas, with R&D and manufacturing operations in Dayton, Ohio.