XTEND AI Robotics — Third Quarter 2026 Earnings Summary

Financial Performance:

• Preliminary, unaudited total revenue for the nine months ended September 30, 2026, is estimated between $24.5 million and $26.5 million.
• AI Robotics segment revenue for the nine months ended September 30, 2026, is estimated between $23 million and $24 million.
• Construction segment revenue for the nine months ended September 30, 2026, is estimated between $1.5 million and $2.5 million, including results from JFB acquired on September 3, 2026.
• The preliminary revenue range for the nine-month period already exceeds the company's full-year 2025 revenue.
• AI Robotics segment backlog stood at approximately $84 million as of September 30, 2026.
• No specific data on earnings, profit margins, cash flow, deferred revenue, or debt is provided in the release.

Guidance and Future Outlook:

• The company expects to report full third quarter results on November 16, 2026.
• Management anticipates scaling operations as the U.S. and Israel build permanent commands around autonomy.
• Forward-looking statements include expectations regarding the delivery of systems under the DDP order.
• Final results may differ from preliminary figures due to the completion of quarter-end closing procedures.

Business Segments and Product Lines:

• AI Robotics Segment: Develops software and advanced robotic hardware solutions for high-threat environments using the proprietary XTEND Operating System (XOS) to provide autonomy at the edge.
• Construction Segment: Operates through subsidiary JFB Construction Holdings, focusing on commercial and residential real estate construction and development, including retail buildouts, multifamily developments, and luxury residential homes.
• Synergies: The company is applying XTEND's AI-enabled drone technology to JFB's projects for jobsite security, land surveying, building inspections, and monitoring.
• Manufacturing: Leveraging JFB's construction expertise to reduce the cost of XTEND's U.S. manufacturing expansion.

Market and Competitive Landscape:

• The company is positioning itself to capitalize on militaries reorganizing around autonomy.
• The business model involves a combination of defense-focused autonomous systems and commercial real estate construction.

Risks and Challenges:

• Actual results may differ materially from forward-looking statements due to risks including the timing and size of orders from government and defense customers.
• Geopolitical and economic conditions in the U.S. and other operating regions pose potential risks.
• Additional risks are detailed in the Form S-4 registration statement filed with the SEC regarding the business combination.

Management Commentary and Tone:

• Aviv Shapira, Co-Founder and CEO, stated the company has the leadership to scale as permanent commands around autonomy are established.
• The tone is confident regarding revenue growth, noting the nine-month revenue already surpasses the prior full year.
• The company issued a letter to shareholders available at https://xtend.me/letter-to-investors/.

Other Key Points:

• Matt McGraw, a retired U.S. Navy SEAL Captain with over 25 years of service, has been appointed CEO of XTEND U.S.
• McGraw previously served as Deputy Commanding Officer of the 75th Ranger Regiment, Squadron Commander at Naval Special Warfare Command, and Vice President of Operations at Live Earth Imaging.
• McGraw will lead XTEND's U.S. sales, production, and delivery.
• The company was formed through the combination of XTEND and JFB Construction Holdings.
• Figures are preliminary, unaudited, and unreviewed.