Author: Ravi Shankar

New contracts build on Abaxx’s physical LNG benchmarks with currency and contract size options for managing waterborne LNG price risk

TORONTO, Nov. 10, 2026 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company and majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced that Abaxx Exchange will expand its liquefied natural gas (“LNG”) futures suite with three financially-settled contracts launching November 16, 2026. The launch will include North Pacific Asia contracts denominated in U.S. dollars (USD) and offshore Chinese renminbi (CNH), and a USD-denominated Gulf of Mexico mini contract.

The new contracts will allow participants to trade and hedge against the same waterborne LNG prices established by Abaxx’s physically-deliverable North Pacific Asia and Gulf of Mexico futures, with the flexibility of financial settlement. These physical contracts provide the only physically-backed forward curves for LNG trading globally.

With its first CNH-denominated futures contract, Abaxx Exchange is helping to build the bridge between China’s domestic markets and international LNG markets. NPC futures will give participants a choice of US dollar- or offshore Chinese renminbi-denominated contracts tied to Abaxx’s North Pacific Asia LNG benchmark, supporting firms managing LNG exposure alongside renminbi revenues, costs or investment capital.

At one-quarter the size of its physically-deliverable equivalent, the Gulf of Mexico mini contract will allow participants to trade smaller positions and adjust hedges in finer increments.

The expanded suite will include:

• LNG North Pacific Asia Cash-Settled (NPY) futures: A US dollar-denominated, 10,000 MMBtu contract, financially settled against the price of Abaxx’s LNG DAP North Pacific Asia (NPA) futures contract. The underlying NPA contract is a US dollar-denominated, 10,000 MMBtu, delivered-at-place (DAP) contract, physically-deliverable at LNG ports across China, Japan, and South Korea.
• LNG North Pacific Asia CNH-Cash Settled (NPC) futures: A CNH-denominated, 10,000 MMBtu contract, also financially settled against the price of Abaxx’s NPA futures contract, with the final settlement price converted to CNH using the Bloomberg FX Fixing (BFIX) mid rate for USD/CNH at the 14:00 Singapore time fixing on the Last Trading Day, rounded to the nearest CNH 0.01.
• LNG Gulf of Mexico Mini-Cash Settled (GMM) futures: A US dollar-denominated, 2,500 MMBtu contract, financially settled against the price of Abaxx’s LNG FOB Gulf of Mexico (GOM) futures contract. The underlying GOM contract is a US dollar-denominated, 10,000 MMBtu, free-on-board (FOB) contract, physically-deliverable at LNG ports throughout the Gulf of Mexico.

About Abaxx Technologies
Abaxx Technologies Inc. is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an AI-augmented economy.

In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder and creator of Abaxx Labs and the SmarterMarkets™ podcast.

For more information, visit investors.abaxx.tech.

Media Inquiries
Tara Hayes
tara@abaxx.tech

Investor Inquiries
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information
This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “propose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.

In particular, this press release contains forward-looking statements including, without limitation, statements regarding Abaxx’s objectives, future plans, development of its market infrastructure and technology, introduction of new futures contracts and Abaxx’s role in the development of China’s domestic LNG markets and international LNG markets. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Factors that could cause actual results to differ materially include, among others: delays in implementation, or failure to implement some or all of the new futures contacts on the expected timeline or at all; risks relating to the global economic climate; the risk that trading volume, average daily volume, and open interest on Abaxx Exchange may not continue to grow, or may decline, if the liquidity-related credits provided under Abaxx’s market maker and liquidity provider programs are reduced, discontinued, or otherwise changed, or if market participants who currently trade on Abaxx Exchange in connection with such programs do not continue to trade, or do not increase their trading activity, independently of such programs; changes in market conditions, trading activity and participant responses; failure or delays related to the onboarding of clearing members; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of intellectual property and proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; the failure of energy, commodity markets and collateral use cases to develop according to the expectations of Abaxx; risks related to operations in foreign jurisdictions; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third-party software license risk; system failure risk; risk of technological change; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; volatile securities markets impacting security pricing unrelated to operating performance; changes in global weather patterns; changes in the price of commodities, capital market conditions, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+.

In addition, particular assumptions which could impact future results of the business of Abaxx include, but are not limited to, Abaxx’s assumption that: international and Chinese domestic LNG markets develop as planned and are not materially disrupted; it will be able to successfully implement its recently announced governance and disclosure initiatives; market conditions will be supportive and participant demand will be sustained; trading volume and liquidity on Abaxx Exchange will continue to develop over time, independently of its market maker and liquidity provider programs; additional clearing members will complete onboarding and begin clearing activities according to Abaxx’s expectations; Abaxx will be able to execute its business plan and growth strategy; Abaxx will retain or successfully replace its key personnel; Abaxx will protect its intellectual property rights; energy and commodity markets will continue to develop according to Abaxx’s expectations; collateral use cases for Abaxx’s products will develop in line with Abaxx’s expectations; the demand for centrally cleared, physically deliverable futures and derivatives will grow as anticipated; regulatory approvals required for Abaxx’s products and operations will remain in good standing or will be obtained as required; applicable laws and regulations will not change in a way that adversely affects Abaxx’s business, and that its technology, systems and infrastructure will operate as intended without significant failure, security breach or disruption; third-party service providers, clearing and settlement partners and other service providers will continue to perform their obligations and act according to Abaxx’s expectations; general economic and capital market conditions, commodity prices, currency exchange rates and the supply chain environment will not deteriorate in a way that materially affects Abaxx or its participants, and that Abaxx’s competitive environment will not change materially. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors, risks and assumptions is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The forward-looking statements and information contained in this press release represent the expectations of Abaxx as of the date of this press release and, accordingly, are subject to change after such date. Abaxx undertakes no obligation to update or revise any forward- looking statements and information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Neither the Toronto Stock Exchange nor any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

LOUISVILLE, Ky., Nov. 10, 2026 (GLOBE NEWSWIRE) — Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX), a leading provider of digital signage, media and AdTech solutions, today announced that it will participate in the 17th Annual Craig-Hallum Alpha Select Conference at the Sheraton New York Times Square Hotel on November 17, 2026. Management will host one-on-one meetings with investors throughout the day; any individuals attending the conference are encouraged to contact Craig-Hallum directly for meeting availability.

About Creative Realities, Inc.
Creative Realities designs, develops and deploys digital signage-based experiences for enterprise-level networks utilizing its Clarity™, ReflectView™, and iShowroom™ Content Management System (CMS) platforms. The Company is actively providing recurring SaaS and support services across diverse vertical markets, including, but not limited to, retail, automotive, digital out-of-home (DOOH) advertising networks, convenience stores, foodservice/QSR, gaming, theater, and stadium venues. In addition, the Company assists clients in utilizing place-based digital media to achieve business objectives such as increased revenue, enhanced customer experiences, and improved productivity. This includes the design, deployment, and day-to-day management of retail media networks to monetize on-premise foot traffic utilizing its AdLogic™ and CPM+™ programmatic advertising platforms.

Cautionary Note on Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and includes, among other things, discussions of our business strategies, product releases, future operations and capital resources. Words such as “estimates,” “projects,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance, conditions or results. They are based on the opinions, estimates and beliefs of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties, assumptions and other factors, many of which are outside of our control, that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Some of these risks are discussed in the “Risk Factors” section contained in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 and the Company’s subsequent filings with the U.S. Securities and Exchange Commission. Important factors, among others, that may affect actual results or outcomes include: our ability to integrate the acquired business operations of Cineplex Digital Media Inc. (“CDM”) into our own, maintain or improve the financial performance of CDM’s business and realize anticipated synergies, our strategy for customer retention, growth, product development, market position, financial results and reserves, our ability to execute on our business plan, our ability to retain key personnel, our ability to remain listed on the Nasdaq Capital Market, our ability to realize the revenues included in our future guidance and backlog reports, our ability to satisfy our upcoming debt obligations and other liabilities, the ability of the Company to continue as a going concern, potential litigation, supply chain shortages, and general economic and market conditions impacting demand for our products and services. Readers should not place undue reliance upon any forward-looking statements. We assume no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

Media:
Idea Grove
creativerealities@ideagrove.com

Investor Relations:
Chris Witty
cwitty@darrowir.com
646-438-9385

ir@cri.com
https://investors.cri.com/

Q3 2026 revenues were $8.6 million, down 24% from $11.3 million in Q3 2025.

Q3 2026 gross margin was 77.3%, versus 77.6% in Q3 2025.

GAAP operating loss was $1.1 million for Q3 2026 versus operating income of $0.9 million in Q3 2025.

EDEN PRAIRIE, Minn., Nov. 10, 2026 (GLOBE NEWSWIRE) — Sanuwave Health, Inc. (the “Company” or “Sanuwave”) (NASDAQ: SNWV), a leading provider of next-generation FDA-cleared wound care products, is pleased to provide its financial results for the three months ended September 30, 2026.

Quarter ended September 30, 2026

• Revenue for the three months ended September 30, 2026, totaled $8.6 million, a decrease of 24%, as compared to $11.3 million for the same period of 2025.
• 40 Ultramist® systems were sold in Q3 2026, down from 155 in Q3 2025, and from 82 in Q2 2026.
• Ultramist® applicator revenue increased by 2% to $6.9 million in Q3 2026, as compared to $6.8 million for the same quarter last year.
• Gross margin as a percentage of revenue amounted to 77.3% for the three months ended September 30, 2026, versus 77.6% for the same period last year.
• For the three months ended September 30, 2026, operating loss totaled $1.1 million, compared to operating income of $0.9 million in Q3 2025.
• Net loss for the third quarter of 2026 was $1.4 million compared to net income of $9.7 million in the third quarter of 2025. The change was primarily attributable to a $6.1 million non-cash gain on the change in fair value of derivative liabilities and a one-time $5.0 million gain on the sale of patents, both recognized in the prior-year period and neither of which recurred, and an operating loss of $1.1 million in the current-year period, compared to operating income of $0.9 million in the prior-year period, partially offset by a $1.5 million decrease in interest expense.
• Adjusted EBITDA [1] for the three months ended September 30, 2026, was $0.7 million versus Adjusted EBITDA of $3.2 million for the same period last year.
• On September 30, 2026, the Company had $6.6 million in cash and cash equivalents. This number was affected by the approximately $2.3 million paid out under our sales tax voluntary disclosure agreements during the quarter.

“Q3 was very much the story of the CMS proposed rule,” said CEO Morgan Frank. “This affected Sanuwave in multiple ways. The proposal to maintain skin substitute pricing at 2026 levels for 2027 caused a number of mobile wound care practitioners, particularly those providing rural home care, to exit some or all of their operations. This affected a number of our customers. The proposed changes to the 97610 code caused our market to take a sort of ‘wait and see’ approach across the quarter which, in combination with an ongoing market for used Ultramist® units had a significant effect on system sales in the quarter. The silver linings in all this were a 14% increase in HOPD (hospital outpatient department) rates for 97610 and a removal of Q1 status from the code which will allow it to be billed at the same time as other procedures rather than being packaged to zero. CMS and the American Medical Association RUC (the group who makes recommendations to CMS on the value of medical procedures) have also both signaled interest in looking at the structure of the 97610 code around issues like the scaling factors for multiple, large, or difficult wounds that are common in other wound care codes. We will seek to encourage and engage with this. Meanwhile, the company continues to gain traction in hospitals and other users in which cost savings by halting wound progression is the primary concern and continues to see this as a core opportunity going forward.”

Certain percentages presented in this earnings release are calculated from the underlying whole-dollar amounts and therefore may not recalculate from the rounded numbers used for disclosure purposes.

As previously announced, a business update will occur via conference call on November 11, 2026 at 8:30 a.m. EST. Materials for the conference call are included on the Company’s website at http://www.sanuwave.com/investors.

Telephone access to the call will be available by dialing the following numbers:

Toll Free:1-800-420-1459
Toll/International: 1-203-518-9861
Conference ID: SANUWAVE

OR use the link for instant telephone access to the event.

https://viavid.webcasts.com/starthere.jsp?ei=1777177&tp_key=6fc0abed5c 

A replay will be made available through November 25, 2026:
Toll-Free: 1-844-512-2921 or 1-412-317-6671
Replay Access ID: 11162619

[1] This is a non-GAAP financial measure. Refer to “Non-GAAP Financial Measures” and the reconciliations in this release for further information.

About Sanuwave
Sanuwave Health is focused on the research, development, and commercialization of its patented, non-invasive and biological response-activating medical systems for the repair and regeneration of skin, musculoskeletal tissue, and vascular structures.

Sanuwave’s end-to-end wound care portfolio of regenerative medicine products and product candidates helps restore the body’s normal healing processes. Sanuwave applies and researches its patented energy transfer technologies in wound healing, orthopedic/spine, aesthetic/cosmetic, and cardiac/endovascular conditions.

Non-GAAP Financial Measures
This press release includes certain financial measures that are not presented in our financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). These financial measures are considered “non-GAAP financial measures” and are intended to supplement, and should not be considered as superior to, or a replacement for, financial measures presented in accordance with U.S. GAAP.

The Company uses Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) and Adjusted EBITDA to assess its operating performance. Adjusted EBITDA is Earnings before Interest, Taxes, Depreciation and Amortization adjusted for the change in fair value of derivatives and any significant non-cash or infrequent charges. EBITDA and Adjusted EBITDA should not be considered as alternatives to net (loss) income, as a measure of financial performance or any other performance measure derived in accordance with U.S. GAAP, and they should not be construed as an inference that the Company’s future results will be unaffected by unusual or infrequent items. These non-GAAP financial measures are presented in a consistent manner for each period, unless otherwise disclosed. The Company uses these measures for the purpose of evaluating its historical and prospective financial performance, as well as its performance relative to competitors. These measures also help the Company to make operational and strategic decisions. The Company believes that providing this information to investors, in addition to U.S. GAAP measures, allows them to see the Company’s results through the eyes of management, and to better understand its historical and future financial performance. These non-GAAP financial measures are also frequently used by analysts, investors, and other interested parties to evaluate companies in our industry, when considered alongside other U.S. GAAP measures.

EBITDA and Adjusted EBITDA have their limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under U.S. GAAP. For example, some of these limitations are that EBITDA and Adjusted EBITDA:

• Do not reflect every expenditure, future requirements for capital expenditures or contractual commitments.
• Do not reflect all changes in our working capital needs.
• Do not reflect interest expense, or the amount necessary to service our outstanding debt.
• Do not reflect stock-based compensation, which is a recurring expense and an important part of our compensation strategy, income tax expense, or the cost of replacing assets being depreciated and amortized.

As presented in the U.S. GAAP to Non-GAAP Reconciliations section below, the Company’s non-GAAP financial measures exclude the impact of certain charges that contribute to our net (loss) income.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future financial results, market acceptance of and demand for Ultramist®, the estimated size of the wound care market, industry trends, regulatory actions that could adversely affect the price of or demand for the Company’s approved products, the Company’s ability to comply with the financial and other covenants under its credit agreement with JPMorgan Chase Bank, N.A., production expectations, and plans for future business development activities. Forward-looking statements include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are: anticipated reimbursement levels for skin substitutes, allografts, or other advanced wound care products, and their effect on customer behavior and capital budgets; the financial distress, closure, or liquidation of wound care practices and the resulting impact on demand for the Company’s systems; the emergence and growth of a secondary market for used Ultramist systems and the cannibalizing effect of such resales on sales of new systems; the Company’s ability to qualify, train, and support new users acquiring systems through the secondary market, and the related regulatory, quality, and product-liability considerations; the Company’s ability to sustain applicator and consumable volumes and convert system placements into recurring consumable revenue; risks associated with regulatory oversight; the Company’s ability to regain and maintain compliance with the Nasdaq listing requirements; the Company’s ability to manage its capital resources; competition; and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.

Contact: investors@sanuwave.com 

SELECTED FINANCIAL DATA FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025
			Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)				2026				2025				2026				2025
Revenue			$	8,579			$	11,270			$	27,937			$	30,657
Cost of Revenues				1,950				2,526				6,452				6,690
Gross Margin				6,629				8,744				21,485				23,967
Gross Margin %				77.3	%			77.6	%			76.9	%			78.2	%
Total operating expenses				7,701				7,841				23,961				21,025
Operating (Loss) Income			$	(1,072	)		$	903			$	(2,476	)		$	2,942
Total other (expense) income				(281	)			8,785				(992	)			1,179
Net (Loss) Income			$	(1,416	)		$	9,688			$	(3,537	)		$	4,121

NON-GAAP ADJUSTED EBITDA
	Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2026				2025				2026				2025
Net (Loss) Income	$	(1,416	)		$	9,688			$	(3,537	)		$	4,121
Non-GAAP Adjustments:
Interest expense		276				1,795				1,340				5,643
Depreciation and amortization1		341				264				948				757
Income tax expense		63				–				69				–
EBITDA		(736	)			11,747				(1,180	)			10,521
Non-GAAP Adjustments for Adjusted EBITDA:
Change in fair value of derivative liabilities		–				(6,097	)			–				(2,186	)
Other non-cash or infrequent charges and gains:
Stock-based compensation		1,480				1,397				4,622				3,513
Loss on extinguishment of debt		–				477				–				477
State & local sales tax2		(64	)			383				(258	)			1,088
Loss on impairment of assets		–				196				12				196
Severance agreement and legal settlement		–				113				–				113
Gain on license and option agreement		–				(5,000	)			–				(5,000	)
Sale of excess inventory		18				–				(202	)			–
Adjusted EBITDA	$	698			$	3,216			$	2,994			$	8,722

¹ Depreciation and amortization excludes amortization of right-of-use (ROU) leases. Prior period amounts have been retroactively revised to conform to this presentation. This change had no effect on previously reported U.S. GAAP results.

² The charges represent a non-recurring state and local sales tax (benefit) expense related to the restatement of prior period financial statements.

CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)	September 30, 2026				December 31, 2025
ASSETS
Current Assets:
Cash and cash equivalents	$	6,569			$	11,959
Accounts receivable, net of allowance of $1,489 and $1,265, respectively		4,965				5,422
Inventory		6,724				5,934
Prepaid expenses and other current assets		1,002				1,312
Secured revolving credit facility debt issuance costs, net		39				–
Total Current Assets		19,299				24,627
Non-Current Assets:
Property and equipment, net		2,351				1,972
Right of use assets, net		913				390
Intangible assets, net		2,698				3,026
Goodwill		7,260				7,260
Secured revolving credit facility debt issuance costs, net		–				68
Total Non-Current Assets		13,222				12,716
Total Assets	$	32,521			$	37,343
LIABILITIES
Current Liabilities:
Current portion of secured term loan, net of debt issuance costs	$	5,660			$	5,638
Accounts payable		3,150				3,251
Accrued expenses		5,877				8,382
Secured revolving credit facility		655				–
Current portion of operating lease liabilities		9				157
Current portion of contract liabilities		606				388
Note payable – insurance premium financing		420				–
Accrued interest		10				24
Other		7				7
Total Current Liabilities		16,394				17,847
Non-Current Liabilities:
Secured term loan, net of current portion and debt issuance costs		11,419				15,667
Secured revolving credit facility		–				655
Operating lease liabilities, less current portion		1,444				854
Contract liabilities, less current portion		414				701
Total Non-Current Liabilities		13,277				17,877
Total Liabilities	$	29,671			$	35,724
STOCKHOLDERS’ EQUITY
Preferred Stock, par value $0.001, 5,000,000 shares authorized; 6,175 shares Series A, 293 shares Series B, 90 shares Series C and 8 shares Series D designated, respectively; no shares issued and outstanding at September 30, 2026 and December 31, 2025	$	–			$	–
Common stock, par value $0.001, 2,500,000,000 shares authorized; 8,602,309 and 8,588,876 issued and outstanding at September 30, 2026 and December 31, 2025, respectively		9				9
Additional paid-in capital		249,053				244,285
Accumulated deficit		(246,222	)			(242,685	)
Accumulated other comprehensive income		10				10
Total Stockholders’ Equity		2,850				1,619
Total Liabilities and Stockholders’ Equity	$	32,521			$	37,343

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(In thousands, except share and per share data)	Three Months Ended September 30,								Nine Months Ended September 30,
		2026			2025 (As Restated)					2026			2025 (As Restated)
Revenue	$	8,579			$	11,270			$	27,937			$	30,657
Cost of Revenues		1,950				2,526				6,452				6,690
Gross Margin		6,629				8,744				21,485				23,967
Operating Expenses:
General and administrative		5,133				5,193				15,285				14,404
Selling and marketing		1,868				2,081				6,190				5,286
Research and development		426				345				1,715				747
Depreciation and amortization		274				222				771				588
Total Operating Expenses		7,701				7,841				23,961				21,025
Operating (Loss) Income		(1,072	)			903				(2,476	)			2,942
Other (Expense) Income:
Interest expense		(276	)			(1,795	)			(1,340	)			(5,643	)
Loss on extinguishment of debt		–				(477	)			–				(477	)
Change in fair value of derivative liabilities		–				6,097				–				2,186
Loss on impairment of assets		–				(196	)			(12	)			(196	)
Other expense		–				(14	)			(125	)			(42	)
Other income		(5	)			5,170				485				5,351
Total Other (Expense) Income, net		(281	)			8,785				(992	)			1,179
Net (Loss) Income Before Income Taxes		(1,353	)			9,688				(3,468	)			4,121
Income tax expense		63				–				69				–
Net (Loss) Income	$	(1,416	)		$	9,688			$	(3,537	)		$	4,121
Total Comprehensive (Loss) Income	$	(1,416	)		$	9,688			$	(3,537	)		$	4,121
(Loss) Earnings per Share:
Basic	$	(0.16	)		$	1.13			$	(0.41	)		$	0.48
Diluted	$	(0.16	)		$	0.39			$	(0.41	)		$	0.21
Weighted average shares outstanding
Basic		8,602,309				8,571,111				8,598,202				8,560,174
Diluted		8,602,309				9,140,668				8,598,202				9,178,144

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) (In thousands, except share data)
Three Months Ended September 30, 2026
		Common Stock
		Number of Shares Issued and Outstanding		Par Value			Additional Paid- in Capital			Accumulated Deficit				Accumulated Other Comprehensive Income			Total
Balances as of June 30, 2026		8,602,309		$	9		$	247,574		$	(244,806	)		$	10		$	2,787
Stock-based compensation		–			–			1,377			–				–			1,377
Shares granted in lieu of board of director fees		–			–			103			–				–			103
Net loss		–			–			–			(1,416	)			–			(1,416	)
Balances as of September 30, 2026		8,602,309		$	9		$	249,053		$	(246,222	)		$	10		$	2,850
Three Months Ended September 30, 2025
		Common Stock
		Number of Shares Issued and Outstanding		Par Value			Additional Paid- in Capital			Accumulated Deficit				Accumulated Other Comprehensive Income			Total
Balances as of June 30, 2025 (As Restated)		8,568,005		$	9		$	241,248		$	(260,066	)		$	10		$	(18,799	)
Stock-based compensation		–			–			1,397			–				–			1,397
Stock options exercised		8,159			–			122			–				–			122
Net income (As Restated)		–			–			–			9,688				–			9,688
Balances as of September 30, 2025 (As Restated)		8,576,164		$	9		$	242,767		$	(250,378	)		$	10		$	(7,592	)

Nine Months Ended September 30, 2026
		Common Stock
		Number of Shares Issued and Outstanding		Par Value			Additional Paid- in Capital			Accumulated Deficit				Accumulated Other Comprehensive Income			Total
Balances as of December 31, 2025		8,588,876		$	9		$	244,285		$	(242,685	)		$	10		$	1,619
Stock-based compensation					–			4,219			–				–			4,219
Stock options exercised		5,433			–			77			–				–			77
Shares issued for services rendered		8,000			–			164			–				–			164
Shares granted in lieu of board of director fees		–			–			308			–				–			308
Net loss		–			–			–			(3,537	)			–			(3,537	)
Balances as of September 30, 2026		8,602,309		$	9		$	249,053		$	(246,222	)		$	10		$	2,850
Nine Months Ended September 30, 2025
		Common Stock
		Number of Shares Issued and Outstanding		Par Value			Additional Paid- in Capital			Accumulated Deficit				Accumulated Other Comprehensive Income			Total
Balances as of December 31, 2024 (As Restated)		8,543,686		$	9		$	238,685		$	(254,499	)		$	10		$	(15,795	)
Stock-based compensation		4,787			–			3,630			–				–			3,630
Stock options exercised		25,167			–			375			–				–		$	375
Shares granted in lieu of board of director fees		2,524			–			77			–				–			77
Net income (As Restated)		–			–			–			4,121				–			4,121
Balances as of September 30, 2025 (As Restated)		8,576,164		$	9		$	242,767		$	(250,378	)		$	10		$	(7,592	)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
	Nine Months Ended September 30,
(in thousands)		2026			2025 (As Restated)
Cash Flows – Operating Activities:
Net (loss) income	$	(3,537	)		$	4,121
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Stock-based compensation		4,622				3,513
Depreciation and amortization		948				634
Amortization of right-of-use assets		95				268
Provision for credit losses		664				112
Amortization of debt issuance and debt discounts		116				1,416
Write-off of inventory		69				–
Loss on disposal and impairment of assets		18				210
Loss on extinguishment of debt		–				477
Change in fair value of derivative liabilities		–				(2,186	)
Gain on sale of patents		–				(5,000	)
Gain on lease modification		–				(7	)
Proceeds from tenant improvement funds		–				586
Changes in operating assets and liabilities
Accounts receivable		(206	)			(1,387	)
Inventory		(859	)			(2,665	)
Prepaid expenses and other assets		815				(1,009	)
Accounts payable		(77	)			264
Accrued expenses and contract liabilities		(2,519	)			1,289
Operating leases		(178	)			(79	)
Net Cash Flows (Used in) Provided by Operating Activities		(29	)			557
Cash Flows – Investing Activities:
Purchase of property and equipment		(593	)			(1,846	)
Investment in software development		(218	)			–
Proceeds from sale of patents		–				5,000
Net Cash Flows (Used in) Provided by Investing Activities		(811	)			3,154
Cash Flows – Financing Activities:
Repayment of principal secured term loan		(4,313	)			–
Repayment of insurance premium financing note payable		(315	)			–
Proceeds from exercises of stock options		77				359
Payment of note payable		–				(27,747	)
Proceeds from secured term loan		–				23,000
Proceeds from secured revolving credit facility		–				655
Payment of debt issuance costs		–				(371	)
Payments of principal on finance lease and extinguishment of lease liability		–				(242	)
Net Cash Flows Used in Financing Activities		(4,550	)			(4,346	)
Net Change in Cash During Period		(5,390	)			(635	)
Cash at Beginning of Period		11,959				10,237
Cash at End of Period	$	6,569			$	9,602
Supplemental Information:
Cash paid for interest	$	1,511			$	3,291
Cash paid for taxes	$	87			$	–
Non-cash Investing and Financing Activities:
Stock options granted in lieu of cash bonus		69				117
Right-of-use assets obtained in exchange for lease liabilities		619				430
Insurance premiums financed through note payable		466				–
Transfer of deposits to property and equipment		192				–
Purchases of property and equipment in accounts payable and accrued liabilities		59				–
Capitalize interest into senior secured debt		–				549
Shares granted in lieu of board of director fees		–				77
Lease liabilities reduced upon lease modification		–				99
RSUs granted in exchange for services		–				10

Vancouver, BC., Nov. 10, 2026 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its third quarter financial results.

Key Financial and Operational Highlights for Q3 2026:

• Revenue for the third quarter of 2026 was $2,048,425, which represents a 5.0% year over year decrease primarily attributed to services revenues. Product sales of $1,612,329 were almost flat compared to the same period last year.
• Gross profit for Q3 2026 was $128,957, down 69.4% from $420,947 for the same period last year. Gross margin percentage for Q3 2026 was 6.3% compared to 19.5% in Q3 2025. Gross profit would have been $495,566 and gross margin would have been 24.2%, not including a one-time non-cash write down of inventory of $366,609 in Q3 2026. Gross profit would have been $464,284 and gross margin would have been 21.5%, not including a one-time non-cash write down of inventory of $43,337 in Q3 2025. After excluding the one-time non-cash write-downs, the increase in gross profit and gross margin year over year is due to the sales mix of the products and services sold.
• The comprehensive loss for the period of $13,032,744 includes non-cash changes comprised of a negative change in fair value derivative of $56,707 and a write down of inventory of $366,609 and would otherwise be a comprehensive loss of $12,609,428 compared to an adjusted comprehensive loss of $3,579,510 for the same period last year. The primary contributors to the year-over-year increase are increased office and miscellaneous, share-based payments, travel, and employee and management costs.
• Cash balance as at September 30, 2026, of $128,605,465 compared to $90,156,821 as at December 31, 2025.

Business and Strategic Update

During the third quarter, Draganfly continued to prioritize larger-scale defence and government opportunities, responding to and participating in over a dozen of requests for proposals and down selection processes. In addition, Draganfly has had to mindfully manage production volumes in preparation for expected production requirements under its existing contracts. As a result, the Company is increasingly focusing its resources on these extensive programs to secure these sizeable contracts.

During this period, the Company achieved significant operational milestones, including its selection by the Government of Canada to supply up to 5,000 tactical ISR unmanned aerial systems to the Canadian Armed Forces, and qualification across all five capability streams of Canada’s Defence Drone Initiative Marketplace, and the advancement of its U.S. Heavy Lift operations through an FAA exemption.

These developments reflect the Company’s progress in expanding its position within the defence and government sectors. Draganfly remains focused on fulfilling existing contractual commitments, advancing larger procurement opportunities and translating these efforts into sustainable revenue growth over time.

Management Commentary

“We are at an important stage in Draganfly’s evolution as we position the Company to compete for larger, more complex defence and government programs. This has required us to make deliberate decisions about where we direct our resources, prioritizing opportunities with the potential to create greater long-term value over certain shorter-term revenue opportunities,” said Cameron Chell, Chief Executive Officer of Draganfly.

“While these programs involve longer procurement cycles and do not always translate into immediate revenue, we are beginning to see meaningful progress from this approach. Our selection by the Canadian Armed Forces, along with our expanding presence in the U.S. defence market, reflects the capabilities, relationships and market position we have been building. Our priority is now to execute on these opportunities, deliver for our customers and translate that progress into sustainable growth.”

Operational and Corporate Highlights

• Draganfly announced its selection by the Small & Rural Law Enforcement Executives Association (SRLEEA) to support a drone implementation and readiness program for small, rural and tribal law enforcement agencies across the United States. The initiative expands Draganfly’s presence in the public safety sector and supports the adoption of unmanned aerial systems by law enforcement agencies.
• Draganfly announced the appointment of Brigadier General AJ Pasagian USMC (Ret.) as President of Draganfly Defense USA. The appointment strengthens the Company’s U.S. defence leadership and supports its expanding engagement with U.S. military, government and defence customers.
• Draganfly announced that it had received a Section 44807 exemption from the Federal Aviation Administration (FAA), authorizing specified commercial operations of its Heavy Lift drone platform above the standard 55-pound weight threshold in U.S. airspace. The exemption represents a regulatory milestone supporting expanded deployment opportunities for the Company’s Heavy Lift technology.
• Draganfly announced its qualification across all five capability streams of Canada’s Defence Drone Initiative Marketplace, positioning the Company to compete for future Canadian defence procurement opportunities. The qualification reflects Draganfly’s broad unmanned systems capabilities and its continued engagement with the Canadian defence sector.
• Draganfly announced the appointment of Colonel Kevin Leblond (Ret.) as Vice-President, Canadian Defence and Security. With extensive experience in the Royal Canadian Air Force, NATO, NORAD and defence procurement, his appointment strengthens Draganfly’s Canadian defence leadership and supports the Company’s engagement with government and military customers.
• Draganfly announced strategic investments totalling US$10 million, consisting of US$5 million from Unusual Machines and US$5 million from a leading U.S. investment fund. The investments support the Company’s financial position and its continued execution of growth initiatives across the defence, public safety and commercial markets.

Draganfly will hold a shareholder update, and earnings call on November 10, 2026, at 3:30 p.m. PCT / 5:30 p.m. EST.

Registration for the call can be done Here

Selected financial information is outlined below and should be read with Draganfly’s consolidated financial statements for the quarter ended September 30, 2026, and associated management discussion and analysis, which will be available under the Company’s profile on SEDAR+ at www.sedarplus.ca and filed on EDGAR at www.sec.gov.

		Three months ended September 30,								Nine months ended September 30,
		2026				2025				2026				2025
Total revenues		$	2,048,425			$	2,155,993			$	7,025,015			$	5,818,963
Gross margin (as a % of revenues) (1)			6.3	%			19.5	%			14.4	%			21.2	%
Net loss			(12,831,393	)			(5,169,797	)			(30,493,093	)			(13,356,783	)
Net loss per share ($)
–   Basic			(0.35	)			(0.25	)			(0.86	)			(1.17	)
–   Diluted			(0.35	)			(0.25	)			(0.86	)			(1.17	)
Comprehensive loss			(13,032,744	)			(5,425,004	)			(30,575,692	)			(13,608,350	)
Comprehensive loss per share ($)
–   Basic			(0.35	)			(0.26	)			(0.87	)			(1.20	)
–   Diluted			(0.35	)			(0.26	)			(0.87	)			(1.20	)
Change in cash and cash equivalents including effect of exchange rates		$	(3,302,732	)			47,310,289			$	38,448,644			$	63,628,939

⁽¹⁾ Gross profit (as a % of revenues) would have been 24.2% and 21.5% not including a non-cash write-down of inventory of $366,609 and $43,337 respectively for the three-month period ending September 30, 2026 and 2025. Gross profit (as a % of revenues) would have been 21.7% and 21.5% not including a non-cash write-down of inventory of $516,112 and of $15,091 respectively for the nine-month period ending September 30, 2026 and 2025.

As at		September 30, 2026				December 31, 2025
Total assets		$	158,499,277			$	101,387,873
Working capital			144,232,724				95,242,327
Total non-current liabilities			1,378,977				174,763
Shareholders’ equity(1)		$	150,459,326			$	96,596,795
Number of shares outstanding			39,142,756				29,344,775

⁽¹⁾ Shareholders’ equity and working capital as at September 30, 2026, includes a fair value of derivative liability of $376,515 (2025 — $492,470) and would otherwise be $150,835,841 (2025 — $97,089,265) and $144,609,239 (2025 — $95,734,797), respectively.

		2026 Q3				2026 Q2				2025 Q3
Revenue		$	2,048,425			$	2,664,237			$	2,155,993
Cost of sales(2)		$	(1,919,468	)		$	(2,131,088	)		$	(1,735,046	)
Gross profit(3)		$	128,957			$	533,149			$	420,947
Gross margin – percentage			6.3	%			20.0	%			19.5	%
Operating expenses		$	(13,583,099	)		$	(16,116,460	)		$	(5,346,776	)
Operating (loss) income		$	(13,454,142	)		$	(15,583,311	)		$	(4,925,829	)
Operating loss per share — basic		$	(0.36	)		$	(0.42	)		$	(0.24	)
Operating loss per share — diluted		$	(0.36	)		$	(0.42	)		$	(0.24	)
Other income (expense)		$	622,749			$	3,550,477			$	(243,968	)
Change in fair value of derivative liability (1)		$	(56,707	)		$	(8,931	)		$	1,837,618
Other comprehensive income (loss)		$	(201,351	)		$	201,170			$	(255,207	)
Comprehensive loss		$	(13,032,744	)		$	(11,831,664	)		$	(5,425,004	)
Comprehensive income (loss) per share — basic		$	(0.35	)		$	(0.32	)		$	(0.26	)
Comprehensive income (loss) per share — diluted		$	(0.35	)		$	(0.32	)		$	(0.26	)

⁽¹⁾ Included in other income (expense)
⁽²⁾ Cost of sales includes a non-cash inventory write-down in Q3 2026 of $366,609 and in Q2 2026 of $43,662 and would have been $1,552,859 in Q3 2026 and $2,087,426 in Q2 2026 before these write-downs.
⁽³⁾ Gross profit would have been $495,566 in Q3 2026 and $576,811 in Q2 2026 without the write-downs in note 2 above.
⁽⁴⁾ Cost of sales includes non-cash inventory write-down of $43,337 in Q3 2025 and would have been and $1,691,709 in Q3 2025 before this write-down.
⁽⁵⁾ Gross profit would have been $464,284 in Q3 2025 without the write-down in note 4 above.

About Draganfly

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is a Canadian-headquartered developer of advanced drone solutions, unmanned systems and software serving customers across North America and globally. With more than 27 years of experience in unmanned systems, Draganfly develops and delivers technologies spanning aerial platforms, autonomy, sensing, payload integration and mission-specific solutions for defence, public safety and commercial applications.

The Company combines engineering, manufacturing, software and systems-integration capabilities to support customers operating in complex and mission-critical environments. Draganfly is driven by a mission to provide innovative, reliable solutions that save time, money and lives.

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Media Contact

Erika Racicot
Email: media@draganfly.com

Company Contact

Cameron Chell
Chief Executive Officer
(306) 955-9907
info@draganfly.com

Note Regarding Non-GAAP Measures

In this press release we describe certain income and expense items that are unusual or non-recurring. There are terms not defined by International Financial Reporting Standards (“IFRS”). Our usage of these terms may vary from the usage adopted by other companies. Specifically, gross profit and gross margin are undefined terms by IFRS that may be referenced herein. We provide this detail so that readers have a better understanding of the significant events and transactions that have had an impact on our results.

Throughout this release, reference is made to “gross profit”, and “gross margin,” which are non-IFRS measures. Management believes that gross profit, defined as revenue less operating expenses, is a useful supplemental measure of operations. Gross profit helps provide an understanding on the level of costs needed to create revenue. Gross margin illustrates the gross profit as a percentage of revenue. Readers are cautioned that these non-IFRS measures may not be comparable to similar measures used by other companies. Readers are also cautioned not to view these non-IFRS financial measures as an alternative to financial measures calculated in accordance with IFRS. For more information with respect to financial measures which have not been defined by IFRS, including reconciliations to the closest comparable IFRS measure, see the “Non-GAAP Measures and Additional GAAP Measures”‎ section of the Company’s most recent MD&A which is available on SEDAR+.

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as ‎defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can ‎generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, ‎‎”estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release ‎‎‎‎include, but are not ‎‎‎‎limited to: statements in respect of Draganfly’s defence and government strategy and its ability to translate it into sustainable revenue growth; the Company’s participation in requests for proposals and down-selection processes and the outcome thereof; the timing of procurement processes and their impact on quarterly revenue; expected production requirements and the Company’s management of production volume; the supply of systems to the Canadian Armed Forces, including the potential exercise of contract options; future Canadian defence procurement opportunities; Heavy Lift deployment opportunities under the Company’s FAA exemption; the expected benefits of the Company’s recent appointments, program selection and strategic investments; and the Company’s partnerships, capabilities, expertise and financial condition. Forward-looking statements ‎and information are based on forecasts of future results, estimates of amounts not yet determinable and ‎assumptions that, while believed by management to be reasonable, are inherently subject to significant ‎business, economic and competitive uncertainties and contingencies. Forward-looking statements and ‎information are subject to various known and unknown risks and uncertainties, many of which are beyond ‎the ability of the Company to control or predict, that may cause the Company’s actual results, ‎performance or achievements to be materially different from those expressed or implied thereby, and are ‎developed based on assumptions about such risks, uncertainties and other factors set out herein, ‎including but not limited to: ‎ the successful integration of technology; the timing and outcome of government and defence procurement processes; the risk that government customers do not exercise contract options or reduce, delay or cancel orders; the receipt and maintenance of regulatory approvals and exemptions; the inherent risks involved in ‎the general securities markets; uncertainties relating to the availability and costs of financing needed in ‎the future; the inherent uncertainty of cost estimates and the potential for unexpected costs and ‎expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and ‎other related risks and uncertainties disclosed under the heading “Risk Factors” in the Company’s most ‎recent filings filed with securities regulators in Canada on the SEDAR+ website at www.sedarplus.ca and with the U.S. ‎‎Securities and ‎Exchange Commission on the EDGAR website at www.sec.gov. The ‎Company undertakes no obligation to update forward-looking information except as required by ‎applicable law. Such forward-looking information represents managements’ best judgment based on ‎information currently available. No forward-looking statement can be guaranteed and actual future results ‎may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking ‎statements or information.

VANCOUVER, British Columbia, Nov. 10, 2026 (GLOBE NEWSWIRE) — Tree Island Steel (“Tree Island” or the “Company”) (TSX: TSL) announced today its financial results for the three and nine months ended September 30, 2026.

For the three-months ended September 30, 2026, revenues, net of freight and distribution costs, increased by $6.6 million, or 18.0% to $43.5 million from $36.8 million in the same period of 2025. The increase was primarily driven by continued growth in Canadian sales, reflecting the Company’s strategic focus on growing its Canadian market share, and higher average selling prices.

For the nine months ended September 30, 2026, revenues, net of freight and distribution costs, was $129.9 million which is an increase of $0.5 million or 0.4% compared with $129.4 million for the same period in 2025. Revenue remained steady despite a challenging trade environment, supported by growth in Canada which helped offset the decline in U.S. sales volumes resulting from the impact of tariffs and the Company’s strategic withdrawal from unprofitable product lines.

Higher average selling prices during the quarter and year-to-date period helped offset increased raw material costs. Gross profit for the third quarter of 2026 increased by $1.4 million compared to same period in 2025. However, year-to-date gross profit was $9.2 million compared to $9.6 million in the same period in 2025, with the U.S. steel tariffs expanding to include Canada in March of 2025 and then the tariff rate doubling to 50% in June of 2025.

Adjusted EBITDA for the third quarter of 2026 was $1.7 million compared to $0.2 million in the prior-year period. Year-to-date adjusted EBITDA was $4.4 million compared to $4.6 million in the same period in 2025, primarily due to the impact of foreign exchange, with a loss in the current year compared to gains in the prior-year period.

“Higher selling prices and strategic growth in Canada drove an improvement in our third-quarter results versus the prior year. We remain focused on expanding our domestic market share, recovering higher material costs through disciplined pricing, and managing our U.S. portfolio amid ongoing tariff pressures,” said Brian Liu, Chief Operating Officer of Tree Island Steel.

RESULTS FROM OPERATIONS
		Three Months Ended										Nine Months Ended
($’000 unless otherwise stated)					September 30,							September 30,
		2026				2025			2026				2025
Revenue		45,598				38,725			137,193				136,519
Freight and distribution costs		(2,139	)			(1,886	)		(7,326	)			(7,151	)
Subtotal		43,459				36,839			129,867				129,368
Cost of sales		(38,816	)			(33,647	)		(116,459	)			(115,600	)
Depreciation		(1,401	)			(1,376	)		(4,170	)			(4,152	)
Gross profit		3,242				1,816			9,238				9,616
Selling, general and administrative expenses		(2,964	)			(2,916	)		(8,534	)			(9,352	)
Operating income (loss)		278				(1,100	)		704				264
Foreign exchange gain (loss)		44				(110	)		(470	)			152
Other expenses		(195	)			(397	)		(649	)			(840	)
Interest income		4				46			50				97
Financing expenses		(511	)			(622	)		(1,387	)			(1,674	)
Loss before income taxes		(380	)			(2,183	)		(1,752	)			(2,001	)
Income tax		–				–			–				–
Net loss		(380	)			(2,183	)		(1,752	)			(2,001	)
Net loss per share		(0.01	)			(0.08	)		(0.07	)			(0.08	)
									September 30,			December 31,
Financial position as at:									2026				2025
Total assets									163,820				154,880
Total non-current financial liabilities									28,114				28,073
Adjusted EBITDA
				Three Months Ended								Nine Months Ended
($’000 unless otherwise stated)					September 30,							September 30,
		2026				2025			2026				2025
Operating income (loss)		278				(1,100	)		704				264
Add back depreciation		1,401				1,376			4,170				4,152
Foreign exchange gain (loss)		44				(110	)		(470	)			152
Adjusted EBITDA1		1,723				166			4,404				4,568
1See definition on Adjusted EBITDA in Section 2 NON-IFRS MEASURES of the September 30, 2026, MD&A.

About Tree Island Steel

Tree Island Steel, headquartered in Richmond, British Columbia since 1964, through its operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets these products under the Tree Island®, Halsteel®, K-Lath®, TI Wire®, ToughStrand® and ToughPanel® brand names.

Forward-Looking Statements

This press release includes forward-looking information with respect to Tree Island including its business, operations and strategies, its dividend policy and the declaration and payment of dividends thereunder as well as financial performance and conditions. The use of forward-looking words such as, “may,” “will,” “expect” or similar variations generally identify such statements. Any statements that are contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Although management believes that expectations reflected in forward-looking statements are reasonable, such statements involve risks and uncertainties including risks and uncertainties discussed under the heading “Risks Relating to Our Business” in Tree Island’s most recent annual information form and management discussion and analysis.

The forward-looking statements contained herein reflect management’s current beliefs and are based upon certain assumptions that management believes to be reasonable based on the information currently available to management. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these forward-looking statements, shareholders should specifically consider various factors including the risks outlined herein and under the heading “Risk Relating to Our Business” in the recent annual information form, which may cause actual results to differ materially from any forward-looking statement. Such risks and uncertainties include, but are not limited to: general economic, market and business conditions, public health epidemics, the economy and potentially its supply chain, the cyclical nature of our business and demand for our products, the impact of any tax reassessments or appeals therefrom, financial condition of our customers, competition, deterioration in Tree Island Steel’s liquidity, leverage, and restrictive covenants, disruption in the supply of raw materials, volatility in the costs of raw materials, dependence on the construction industry, transportation costs and availability, foreign exchange fluctuations, labour relations, trade actions, dependence on key personnel and skilled workers, reliance on key customers, environmental matters, physical impacts of extreme weather conditions, intellectual property risks, energy costs, un-insured loss, credit risk, operating risk, product liability risks, management of growth, success of acquisition and integration strategies, and other risks and uncertainties set forth in our publicly filed materials.

This press release has been reviewed by the Company’s Board of Directors and its Audit Committee and contains information that is current as of the date of this press release, unless otherwise noted. Events occurring after that date could render the information contained herein inaccurate or misleading in a material respect. Readers are cautioned not to place undue reliance on this forward-looking information and the management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise except as required by applicable securities laws.

For further information contact:

Ali Mahdavi, Investor Relations

Tree Island Steel

(416) 962-3300

e-mail: amahdavi@treeisland.com

Website: www.treeisland.com

MONTREAL, Nov. 10, 2026 (GLOBE NEWSWIRE) — Goodfood Market Corp. (“Goodfood” or the “Company”) (TSX: FOOD), a leading Canadian online meal solutions company, announced today that the Superior Court of Québec (Commercial Division) (the “Court”) has issued an approval and vesting order (the “Approval Order”) approving the sale of substantially all of the assets of the Company to Fresh Prep Foods Inc. (“Fresh Prep”). The transaction is the culmination of the Company’s sale and investment solicitation process conducted under the supervision of the Court and Raymond Chabot Inc., as Court-appointed monitor of the Company, in connection with the restructuring proceedings of the Company (the “CCAA Proceedings”) under the Companies’ Creditors Arrangement Act (Canada), pursuant to an initial order granted by the Court on August 5, 2026.

The Approval Order was granted in respect of the asset purchase agreement entered into between the Company and Fresh Prep on November 2, 2026 (the “Definitive Agreement”). The shares held by the Company in 16423132 Canada Inc., which holds approximately 80% of the shares of Genuine Tea Inc., are not included in the transaction with Fresh Prep and remain subject to a separate sale process. Subject to fulfillment or waiver, as applicable, of other closing conditions customary for transactions of this nature contained in the Definitive Agreement, the transaction is expected to close on or around November 13, 2026. Following closing, Fresh Prep will begin servicing Goodfood’s approximately 30,000 active customers and welcome members of the Goodfood team.

“We are extremely pleased that the diligent process we have run has led to this announced transaction with Fresh Prep, a quality Canadian company that expects to welcome a significant number of our team members while delivering, in a seamless fashion, the quality meal solutions that our customers are accustomed to,” said Donald Olds, Chair of Goodfood.

MEDIA

ir@makegoodfood.ca

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, statements regarding the CCAA Proceedings, the expected closing of the transaction contemplated by the Definitive Agreement and the timing thereof, the fulfillment or waiver of the remaining closing conditions, and the servicing of Goodfood’s customers by Fresh Prep and the welcoming of Goodfood team members following closing, as well as information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, assumptions, estimates and intentions. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, and “continue”, as well as the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information is provided for the purposes of assisting the reader in understanding the Company and its business, operations, prospects and risks at a point in time in the context of historical trends, current condition and possible future developments and therefore the reader is cautioned that such information may not be appropriate for other purposes.

Forward-looking information is based upon a number of assumptions, including that the remaining closing conditions under the Definitive Agreement will be fulfilled or waived in a timely manner, and is subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those that are disclosed in, or implied by, such forward-looking information. These risks and uncertainties include, but are not limited to, the risk that the closing conditions are not fulfilled or waived in a timely manner or at all, the risk that the closing of the transaction is delayed or does not occur, risks related to the CCAA Proceedings, and the risk factors discussed under “Risk Factors” in the Company’s Annual Information Form for the 52 weeks ended September 6, 2025, available on SEDAR+ at www.sedarplus.ca and under the “Events and Presentations” section of our website at www.makegoodfood.ca/en/investors. This is not an exhaustive list of risks that may affect the Company’s forward-looking statements. Other risks not presently known to the Company or that the Company believes are not significant could also cause actual results to differ materially from those expressed in its forward-looking statements. Although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, readers are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.

Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and we do not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

Filings are Standard Following a Transaction of This Type; Does Not Grant Immediate Eligibility to Underlying Shareholder Due to Lockup Restrictions

All Existing Agility Shareholders and the Churchill Sponsor Remain Subject to 180-Day Lock-Up

SALEM, Ore., Nov. 10, 2026 (GLOBE NEWSWIRE) — Agility™, (Nasdaq: AGLT), a leading humanoid robotics and physical AI company, today announced that it has filed registration statements on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”), following the completion of its previously announced business combination with Churchill Capital Corp XI (“Churchill XI”) on November 4, 2026 (the “Transaction”).

These registration statements are customary following the completion of a business combination of this type and cover the potential resale of certain securities held by existing securityholders. Agility will not receive proceeds from any resales by selling securityholders.

Shares held by former Agility shareholders and the Churchill sponsor will remain subject to lock-up restrictions for 180 days following the closing of the Transaction, subject to specified exceptions and early termination based on certain stock price performance measures. Neither the filing nor the effectiveness of the registration statements relating to these securities will alter or shorten the applicable lock-up restrictions.

Additional Information

The registration statements relating to these securities have been filed with the SEC but have not yet become effective. The securities covered by these registration statements may not be sold, nor may offers to buy be accepted, pursuant to these registration statements before they become effective. Copies may be obtained from Agility Robotics, Inc., 4698 Truax Drive SE, Salem, Oregon 97317, Attention: Investor Relations, or through the SEC’s website at www.sec.gov.

Agility, the Agility logo, Digit, Agility Arc, RoboFab, and Made for Work are trademarks of Agility Robotics, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

Contacts

Media: Michael Oldenburg
media@agilityrobotics.com

Investors: Anthony Rozmus
investor-relations@agilityrobotics.com  

MIAMI BEACH, FL, Nov. 10, 2026 (GLOBE NEWSWIRE) — NextNRG, Inc. (Nasdaq: NXXT) (“NextNRG” or the “Company”), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced that, on November 9, 2026, the Nasdaq Hearings Panel (the “Panel”) notified the Company that it has determined to deny the Company’s request to continue its listing on The Nasdaq Stock Market LLC (“Nasdaq”), and that trading in the Company’s common stock will be suspended at the open of trading on November 11, 2026. The Company intends to immediately exhaust all available avenues and request that the Nasdaq Listing and Hearing Review Council (the “Listing Council”) review the Panel’s decision and conclusions. Any request will not however stay any suspension. 

Background

As previously reported, on March 16, 2026, Nasdaq notified the Company that it did not comply with the $1.00 minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2), and on September 15, 2026, following the expiration of the applicable compliance period, the Company received a determination from the Nasdaq Listing Qualifications Staff to delist the Company’s common stock. On October 21, 2026, the Company was further notified that it did not comply with the $35 million market value of listed securities requirement of Nasdaq Listing Rule 5550(b)(2) or the alternative continued listing standards under Nasdaq Listing Rule 5550(b). The Company timely requested a hearing before the Panel, which stayed the delisting and suspension pending the Panel’s decision, and a hearing was held on October 22, 2026.

OTC Quotation

The Company expects that its common stock will be quoted on the OTC Markets under the symbol “NXXT” beginning on or about November 11, 2026.

Additional information is available in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 10, 2026.

About NextNRG, Inc.

NextNRG, Inc. (NextNRG) is Powering What’s Next by deploying its AI-driven Smart Controller, a proprietary AI technology that continuously optimizes how energy is generated, stored, and consumed. The Company deploys the controller within microgrids at commercial, healthcare, municipal, industrial and federal sites, and at a utility scale through the Next Utility Operating System®.

NextNRG also sells EV chargers, is advancing wireless in-motion charging, and operates one of the nation’s largest on-demand mobile fueling fleets through EzFill.

To learn more, visit www.nextnrg.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company’s ability to maintain or regain its listing on Nasdaq, the Company’s ability to have the Panel’s decision reviewed or overturned by the Listing Council and the quotation of the Company’s common stock following suspension. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update any forward-looking statement in this press release, except as required by law.

Investor Contact
NextNRG, Inc.
Sharon Cohen
SCohen@nextnrg.com

• November 2026 Monthly Dividend of $0.10 Per Share of Common Stock
• RMBS Portfolio Characteristics as of October 31, 2026
• Estimated book value per common share of $6.52 to $6.54 as of November 6, 2026
• Next Dividend Announcement Expected December 8, 2026

VERO BEACH, Fla., Nov. 10, 2026 (GLOBE NEWSWIRE) — Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of November 2026. The dividend of $0.10 per share will be paid December 31, 2026 to holders of record of the Company’s common stock on November 30, 2026, with an ex-dividend date of November 30, 2026. The Company plans on announcing its next common stock dividend on December 8, 2026.

The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at least equal to 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain. The Company will be subject to income tax on taxable income that is not distributed and to an excise tax to the extent that a certain percentage of its taxable income is not distributed by specified dates. The Company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future.

As of November 10, 2026, the Company had 188,601,860 shares of common stock outstanding. As of October 31, 2026, the Company had 192,992,160 shares of common stock outstanding. As of September 30, 2026, the Company had 194,661,864 shares of common stock outstanding.

RMBS Portfolio Characteristics

Details of the RMBS portfolio as of October 31, 2026 are presented below. These figures are preliminary and subject to change. The information contained herein is an intra-quarter update created by the Company based upon information that the Company believes is accurate:

• RMBS Valuation Characteristics
• RMBS Assets by Agency
• Investment Company Act of 1940 (Whole Pool) Test Results
• Repurchase Agreement Exposure by Counterparty
• RMBS Risk Measures

Estimated November 6, 2026 Book Value Per Share

The Company estimates book value per share as of November 6, 2026 to be approximately $6.52 to $6.54 per share, an increase of approximately 8% to 9% from the book value at September 30, 2026 of $6.02 per share. The estimated book value per share includes a deduction for the Company’s October 2026 dividend that will be paid on November 27, 2026, which was declared on October 14, 2026 with an October 30, 2026 record date. The estimated book value per share is unaudited and has not been verified or reviewed by any third party. The Company is providing this update to its estimated book value per share given recent market conditions and resulting book value volatility. The Company undertakes no obligation to update its estimated book value per share.

About Orchid Island Capital, Inc.

Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements include, but are not limited to, statements about the Company’s distributions. These forward-looking statements are based upon Orchid Island Capital, Inc.’s present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. 

RMBS Valuation Characteristics
($ in thousands)
																																						Realized
																																		Realized				Aug-26 –
																																		Oct-26				Oct-26
																		Net												Weighted				CPR				CPR
																		Weighted												Average				(1-Month)				(3-Month)				Modeled Interest
		Current				Fair				% of				Current				Average												Maturity				(Reported				(Reported				Rate Sensitivity (1)
Type		Face				Value				Portfolio				Price				Coupon				GWAC				Age				(Months)				in November)				in November)				(-50 BPS)				(+50 BPS)
Fixed Rate RMBS
30yr 3.0		$	305,314			$	260,785				2.45%				85.42				3.00%				3.52%				66				286				6.5%				6.4%			$	7,912			$	(8,023)
30yr 3.5			35,527				31,140				0.29%				87.65				3.50%				4.30%				85				255				6.8%				8.6%				923				(935)
30yr 4.0			45,959				42,064				0.40%				91.52				4.00%				4.77%				89				266				1.6%				4.7%				1,119				(1,150)
30yr 4.5			424,423				395,862				3.73%				93.27				4.50%				5.46%				34				321				5.1%				5.9%				9,365				(10,087)
30yr 5.0			1,751,837				1,673,232				15.75%				95.51				5.00%				6.00%				19				336				4.4%				4.8%				37,027				(40,588)
30yr 5.5			3,927,211				3,857,033				36.29%				98.21				5.50%				6.45%				17				338				5.8%				5.8%				74,486				(83,770)
30yr 6.0			3,096,377				3,111,136				29.28%				100.48				6.00%				6.92%				21				333				8.9%				10.0%				48,300				(56,597)
30yr 6.5			1,168,103				1,195,018				11.25%				102.30				6.50%				7.39%				24				330				14.0%				16.2%				15,278				(18,457)
30yr 7.0			47,531				49,422				0.47%				103.98				7.00%				7.91%				35				317				25.7%				14.4%				634				(748)
Total Pass-Through RMBS			10,802,282				10,615,692				99.89%				98.27				5.55%				6.48%				22				333				7.4%				8.0%				195,044				(220,355)
Total Structured RMBS			77,598				11,323				0.11%				14.59				3.40%				4.59%				144				200				6.8%				6.4%				(54)				31
Total Mortgage Assets		$	10,879,880			$	10,627,015				100.00%								5.54%				6.47%				23				332				7.4%				8.0%			$	194,990			$	(220,324)

					Hedge		Modeled Interest
		Notional			Period		Rate Sensitivity (1)
Hedge		Balance			End		(-50 BPS)				(+50 BPS)
3-Month SOFR Futures		$	(390,000)		Mar-27		$	(1,121)			$	1,121
10-Year Treasury Future(2)			(1,281,000)		Aug-33			(39,481)				38,380
10-Year Ultra Treasury Future(3)			(560,000)		May-36			(23,405)				22,383
ERIS SOFR Swap Futures			(10,000)		Dec-31			(164)				160
Swaps			(6,264,200)		Mar-32			(144,078)				139,095
Hedge Total		$	(8,505,200)				$	(208,249)			$	201,139
Rate Shock Grand Total							$	(13,259)			$	(19,185)

(1) Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially.
(2) Ten-year Treasury futures contracts were valued at prices of $106.64 at October 31, 2026. The market value of the short position was $1,366.1 million.
(3) Ten-year Ultra Treasury futures contracts were valued at prices of $108.13 at October 31, 2026. The market value of the short position was $605.5 million.

RMBS Assets by Agency
($ in thousands)
						Percentage
		Fair				of
Asset Category		Value				Portfolio
As of October 31, 2026
Fannie Mae		$	5,453,589				51.3%
Freddie Mac			5,173,426				48.7%
Total Mortgage Assets		$	10,627,015				100.0%

Investment Company Act of 1940 Whole Pool Test
($ in thousands)
						Percentage
		Fair				of
Asset Category		Value				Portfolio
As of October 31, 2026
Non-Whole Pool Assets		$	522,891				4.9%
Whole Pool Assets			10,104,124				95.1%
Total Mortgage Assets		$	10,627,015				100.0%

Borrowings By Counterparty
($ in thousands)
										Weighted				Weighted
						% of				Average				Average
		Total				Total				Repo				Maturity			Longest
As of October 31, 2026		Borrowings				Debt				Rate				in Days			Maturity
Hidden Road Partners Civ US LLC		$	455,496				4.6%				4.03%				16		11/16/2026
Citigroup Global Markets Inc			454,270				4.6%				4.04%				25		11/30/2026
J.P. Morgan Securities LLC			443,493				4.5%				4.08%				19		11/23/2026
Marex Capital Markets Inc.			440,600				4.4%				4.04%				30		11/30/2026
ABN AMRO Bank N.V.			438,730				4.4%				4.06%				19		11/19/2026
ASL Capital Markets Inc.			435,272				4.4%				4.03%				21		11/23/2026
StoneX Financial Inc.			435,106				4.4%				4.05%				23		11/23/2026
South Street Securities, LLC			424,771				4.3%				4.12%				161		9/3/2027
The Bank of Nova Scotia			419,199				4.2%				4.03%				28		11/30/2026
Cantor Fitzgerald & Co			393,968				4.0%				4.07%				15		11/16/2026
DV Securities, LLC Repo			384,727				3.9%				4.04%				10		11/16/2026
Clear Street LLC			381,364				3.8%				4.06%				19		11/19/2026
Daiwa Securities America Inc.			373,490				3.8%				4.05%				21		11/23/2026
Wells Fargo Securities, LLC			367,948				3.7%				4.05%				27		11/27/2026
Goldman, Sachs & Co			367,506				3.7%				4.05%				16		11/16/2026
Brean Capital, LLC			339,436				3.4%				4.07%				20		11/25/2026
ING Financial Markets LLC			334,991				3.4%				4.05%				40		12/10/2026
RBC Capital Markets, LLC			325,273				3.3%				4.08%				10		11/25/2026
TD Securities (USA) LLC			310,428				3.1%				4.04%				30		11/30/2026
Morgan Stanley & Co. LLC			290,123				2.9%				4.03%				37		12/10/2026
Mirae Asset Securities (USA) Inc.			273,297				2.8%				4.04%				23		11/23/2026
Merrill Lynch, Pierce, Fenner & Smith			246,985				2.5%				4.06%				25		11/27/2026
Mitsubishi UFJ Securities (USA), Inc.			223,007				2.3%				4.06%				17		11/18/2026
Mesirow Financial, Inc.			218,275				2.2%				4.04%				40		12/10/2026
MUFG Securities Canada, Ltd.			197,292				2.0%				4.05%				13		11/13/2026
Nomura Securities International, Inc.			196,684				2.0%				4.04%				13		11/13/2026
Natixis, New York Branch			174,515				1.8%				4.03%				30		11/30/2026
Bank of Montreal			169,366				1.7%				4.05%				23		11/23/2026
Mizuho Securities USA LLC			169,083				1.7%				4.04%				20		11/20/2026
BNP Paribas Securities Corp.			150,098				1.5%				4.05%				25		11/25/2026
Lucid Prime Fund, LLC			28,451				0.3%				4.04%				12		11/12/2026
Banco Santander SA			23,012				0.2%				4.12%				13		11/13/2026
Canyon Partners, LLC			21,702				0.2%				3.98%				13		11/13/2026
Total Borrowings		$	9,907,958				100.0%				4.05%				28		9/3/2027

CONTACT: Contact:

Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400

Eagle LNG’s established customer base and space propulsion capabilities create additional growth opportunities heading into 2027

• Reports positive third-quarter Adjusted EBITDA of $1.3 million, compared with a $1.3 million Adjusted EBITDA loss in Q2

• $30 million investment adds exposure to an operating LNG supplier serving marine, utility and space propulsion customers

• Long-term supply contracts and integrated LNG infrastructure provide foundation for potential growth in energy and space propulsion

• Began energizing prepaid mining fleet expansion after quarter-end, targeting an approximately 21% increase in online Scrypt hashrate upon full deployment

• Cash and digital assets totaled approximately $29.3 million as of September 30, 2026; no debt

SALT LAKE CITY, Nov. 10, 2026 (GLOBE NEWSWIRE) — Datacentrex, Inc. (“Datacentrex” or the “Company”) (Nasdaq: DTCX), a diversified technology-driven enterprise operating a digital asset mining business and investing in energy and space-launch infrastructure, today reported financial results for the third quarter ended September 30, 2026.

“Third-quarter Adjusted EBITDA was positive at approximately $1.3 million, including $2.2 million of net realized and unrealized gains on digital assets,” said Parker Scott, Chief Executive Officer of Datacentrex. “We also maintained substantial liquidity following our $30 million investment in Eagle LNG, ending September with approximately $29.3 million in cash and digital assets, including $27.5 million in cash, and no outstanding debt. We believe this financial position gives us flexibility to support our mining operations and pursue opportunities we believe can create long-term stockholder value.”

“Our third quarter also included a significant investment in the long-term development of Datacentrex,” said Parker Scott, Chief Executive Officer of Datacentrex. “Our $30 million investment in Eagle LNG gives us an ownership position in an operating energy business with established infrastructure and customers under long-term supply agreements. As we approach 2027, we believe Eagle’s marine and Caribbean energy business provides a foundation for growth, while its ability to supply aerospace-specification liquid methane creates additional opportunity as the next generation of commercial launch vehicles enters service and scales.”

Eagle LNG Investment Strategic Rationale and 2027 Overview

Datacentrex believes its investment in Eagle LNG complements its digital asset operations by adding exposure to established energy infrastructure with growth opportunities in marine fuel, Caribbean power generation and space propulsion.

Key investment considerations include:

• Established operations and customers. Eagle has produced more than 300 million gallons of LNG since 2018 and completed more than 750 marine bunkering operations without incident. Supply agreements include terms of 10 years or longer and take-or-pay provisions, with certain customers renewing early and increasing contracted volumes.
• Integrated infrastructure. Eagle’s liquefaction, storage and delivery capabilities support customers requiring reliable fuel supply and specialized logistics, helping it retain customers and compete for additional business.
• Capacity expansion opportunities. Existing production constraints limit Eagle’s ability to meet additional marine and Caribbean demand. Added capacity, including its permitted Jacksonville export facility in development, could support growth, subject to financing and execution.
• Space propulsion demand. Eagle is a qualified supplier of aerospace-specification liquid methane for next-generation commercial launch vehicles. Its growth opportunity depends on customer programs, vehicle readiness and launch activity.

“Heading into 2027, we see opportunities for Eagle to expand its established marine and Caribbean business while building its space propulsion business,” Scott said. “Both draw on the same production and delivery capabilities. We believe serving additional demand can strengthen Eagle’s earning power and increase the long-term value of our investment.”

Third Quarter 2026 Financial Highlights

Unaudited

• Revenue was approximately $1.7 million, compared with approximately $2.4 million in the third quarter of 2025, a decrease of approximately 29%.
• Gross profit was approximately $80,000, representing a gross margin of 4.6%, compared with approximately $1.5 million and a gross margin of 59.2% in the prior-year period. The decrease reflected lower revenue and higher direct production costs for the larger deployed fleet.
• Total operating expenses were approximately $4.9 million, compared with approximately $3.1 million in the prior-year period. Third-quarter 2026 operating expenses included approximately $3.3 million of depreciation and amortization, $669,000 of stock-based compensation and $936,000 of general and administrative expenses.
• GAAP net loss was approximately $2.6 million, or $(0.06) per basic and diluted share, compared with a net loss of approximately $1.5 million in the third quarter of 2025. Results included approximately $2.2 million of net realized and unrealized gains on digital assets, $314,000 of losses from changes in the fair value of derivatives and $303,000 of net interest income.
• Adjusted EBITDA was approximately $1.3 million, compared with approximately $770,000 in the third quarter of 2025 and an Adjusted EBITDA loss of approximately $1.3 million in the second quarter of 2026. Third-quarter 2026 Adjusted EBITDA included approximately $2.2 million of net realized and unrealized digital asset gains.
• Net Cash Burn was approximately $867,000, compared with net cash generation of approximately $411,000 in the prior-year period and Net Cash Burn of approximately $61,000 in the second quarter of 2026. See the non-GAAP explanations and reconciliations below.
• Ended September with approximately $27.5 million in cash and cash equivalents and $1.7 million in digital assets, for a combined total of approximately $29.3 million, and no outstanding debt. Stockholders’ equity was approximately $72.6 million.
• The investment in ELNG Equity LLC was carried at $30.0 million under the ASC 321 measurement alternative. No impairment or observable price adjustment was recognized during the quarter. Eagle LNG’s operating results are not consolidated into Datacentrex’s results.

Third Quarter 2026 Operating and Recent Highlights

• On August 28, completed the purchase of $30 million of Class A Common Units in ELNG Equity LLC, Eagle LNG’s equity holding company, representing a 10.5% equity interest. An affiliate of The Energy & Minerals Group invested an additional $10 million at the same value per unit.
• In August, secured colocation capacity for more than 500 additional ElphaPex DG2 Scrypt ASIC miners that had been prepaid in a prior period.
• At September 30, operated 3,085 Scrypt ASIC miners across four U.S. colocation facilities, with approximately 43.2 TH/s of aggregate nameplate hashrate at full uptime and approximately 12.2 MW of deployed power capacity.
• On October 14, announced that installation and energization of the additional miners had begun. Upon full energization, the expansion is expected to increase online hashrate from approximately 43.2 TH/s to 52.2 TH/s and deployed power capacity from approximately 12.2 MW to 14 MW, without additional hardware-acquisition expenditures.

About Datacentrex

Datacentrex, Inc. is a diversified technology-driven enterprise operating a digital asset mining business across high-growth sectors including digital-asset infrastructure, data-center operations, and energy and space-launch infrastructure. Datacentrex, Inc. intends to pursue selective investments, partnerships, and acquisitions to drive innovation and value creation. For additional information, please refer to the Company’s filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.

Visit Datacentrex’s investor relations website at https://ir.datacentrex.com/.

Non-GAAP Financial Measures

This press release includes Adjusted EBITDA and Net Cash Burn, each of which is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss), adjusted for impacts of interest expense, income tax provision or benefit and depreciation and amortization, and non-cash stock-based compensation. The Company defines Net Cash Burn as net income (loss), adjusted for depreciation and amortization, non-cash stock-based compensation, income tax provision or benefit, and net realized and unrealized gains and losses on digital assets. Unlike Adjusted EBITDA, Net Cash Burn is not adjusted for interest, because management uses Net Cash Burn to assess the periodic cost of sustaining the business after the benefit of interest earned on the Company’s cash balances; that net interest amount is shown as a memorandum line in the reconciliation tables below and should not be added to Net Cash Burn a second time. Both gains and losses on digital assets are excluded from Net Cash Burn symmetrically, and the definitions are applied consistently across the periods presented. Because the Company’s mining revenue is settled in digital assets rather than in cash, Net Cash Burn reflects the combined change in cash and digital assets attributable to operations; it is not a measure of liquidity and is not a substitute for net cash used in operating activities, which was $7,516,521 for the nine months ended September 30, 2026. Adjusted EBITDA and Net Cash Burn are not measures calculated in accordance with U.S. GAAP and should not be considered in isolation or as substitutes for net income (loss) or any other measure prepared in accordance with U.S. GAAP. Reconciliations of Adjusted EBITDA and Net Cash Burn to net loss, the most directly comparable U.S. GAAP measure, for the three and nine month periods presented are provided in the financial tables included in this press release as net income (loss), adjusted for impacts of interest expense, income tax provision or benefit and depreciation and amortization, and non-cash stock-based compensation.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the expected delivery, installation, energization and timing of additional mining equipment; expected increases in deployed hashrate, power capacity and fleet efficiency; the expected absence of incremental capital expenditure associated with such equipment; the Company’s expectations regarding digital asset prices, mining economics and industry conditions; and Datacentrex’s future financial condition, results of operations, business operations and business prospects, are forward-looking statements. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties, and assumptions, including industry and economic conditions that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are not limited to, delays or failures in the delivery, installation or energization of mining equipment; the possibility that deployed equipment does not perform at manufacturer-rated hashrate or efficiency; changes in colocation availability, power rates or contracted power capacity; volatility in the prices of Dogecoin, Litecoin, Bitcoin and other digital assets, which may not be sustained and which have historically been subject to rapid reversal; increases in Scrypt network difficulty; Datacentrex’s ability to successfully achieve its strategic initiatives, including its expectation that it will be able to secure additional miners; competition in Datacentrex’s markets; risks associated with Datacentrex’s investment strategy, including digital asset market volatility, cybersecurity and custody of digital assets, potential changes in laws or accounting standards relating to digital assets and regulatory developments affecting digital assets; and volatility of Datacentrex’s stock price. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Investors and security holders are urged to read these documents free of charge on the SEC’s website at: http://www.sec.gov. The risks and uncertainties that Datacentrex has described are not the only ones Datacentrex faces. Additional risks and uncertainties not presently known to Datacentrex or that Datacentrex currently deems immaterial may also affect Datacentrex’s operations. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, it can give no assurances that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond Datacentrex’s control) and assumptions that could cause actual results to differ materially from historical experience. Actual results may differ materially from those in the forward-looking statements and the trading price for Datacentrex’s common stock may fluctuate significantly. Except as required by law, Datacentrex undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Company Contact

Datacentrex Investor Relations
ir@datacentrex.com
800-403-6150

DATACENTREX, INC. CONDENSED CONSOLIDATED BALANCE SHEETS
		September 30, 2026 (Unaudited)				December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents		$	27,547,026			$	38,919,486
Digital assets, at fair value			1,736,796				4,430,202
Other receivable			10,643				–
Prepaid expenses			454,205				468,817
Total current assets			29,748,670				43,818,505
Equipment, net			8,774,925				18,537,452
Capitalized software costs, net			116,683				264,193
Investment in ELNG Equity LLC			30,000,000				–
Deposits for equipment			3,600,100				3,600,100
Other assets			621,660				621,660
Total assets		$	72,862,038			$	66,841,910
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses		$	268,055			$	594,658
Total current liabilities			268,055				594,658
Commitments and Contingencies (Note 7)
Stockholders’ equity:
Preferred stock – Series A, $0.001 par value, $45.00 stated value, 1,000,000 shares authorized; 166,884 and 158,420 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively			166				158
Preferred stock – Series D, $0.001 par value, $4.34 stated value, 1,000,000 shares authorized; 9,443 and 16,240 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively			9				16
Common stock, $0.001 par value, 250,000,000 shares authorized; 47,139,643 and 30,375,530 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively			47,139				30,375
Treasury stock, at cost – 59,191 shares			(274,231	)			(274,231	)
Additional paid in capital			95,552,451				74,993,819
Accumulated deficit			(22,731,551	)			(8,502,885	)
Total stockholders’ equity			72,593,983				66,247,252
Total liabilities and stockholders’ equity		$	72,862,038			$	66,841,910

DATACENTREX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Revenues		$	1,736,681			$	2,449,482			$	5,829,668			$	4,537,694
Cost of revenue			1,657,145				998,496				5,031,997				2,072,528
Gross profit			79,536				1,450,986				797,671				2,465,166
Operating Expenses:
General and administrative expenses			935,781				931,739				2,886,271				1,326,709
Depreciation and amortization			3,275,361				2,177,123				9,849,946				4,529,134
Stock based compensation			668,776				–				2,675,700				–
Total Operating Expenses			4,879,918				3,108,862				15,411,917				5,855,843
Loss From Operations			(4,800,382	)			(1,657,876	)			(14,614,246	)			(3,390,677	)
Other Income (Expense):
Net realized and unrealized gains (losses), digital assets			2,202,885				234,971				(278,713	)			306,453
Net change in fair value of derivative			(314,100	)			–				(314,100	)			–
Other income			–				10,605				6,467				10,605
Interest income (expense), net			302,995				(118,612	)			971,926				(295,118	)
Total Other Income (Expense)			2,191,780				126,964				385,580				21,940
Net Loss Before Income Taxes			(2,608,602	)			(1,530,912	)			(14,228,666	)			(3,368,737	)
Provision for Income Taxes (Benefit)			–				–				–				–
Net Loss		$	(2,608,602	)		$	(1,530,912	)		$	(14,228,666	)		$	(3,368,737	)
Net Loss Per Common Share:
Basic		$	(0.06	)		$	–			$	(0.36	)		$	–
Diluted		$	(0.06	)		$	–			$	(0.36	)			–
Weighted Average Common Shares Outstanding:
Basic			47,369,338				–				39,944,562				–
Diluted			47,369,338				–				39,944,562				–

Reconciliation of Net Loss to Adjusted EBITDA and Net Cash Burn (Unaudited)

Reconciliations of Adjusted EBITDA and Net Cash Burn to the most comparable U.S. GAAP financial metric for the three months ended September 30, 2026 and September 30, 2025 are presented in the table below:

		For the Three Months Ended
		September 30, 2026				September 30, 2025
Net Loss		$	(2,608,602	)		$	(1,530,912	)
Depreciation			3,275,361				2,177,123
Stock based compensation			668,776				–
Interest expense			–				123,737
Adjusted EBITDA		$	1,335,535			$	769,948
Less: interest expense added back above			–				(123,737	)
Net realized and unrealized (gains) losses on digital assets			(2,202,885	)			(234,971	)
Net Cash Burn (non-GAAP)		$	(867,350	)		$	411,240
Memo: interest income (expense), net, included above			302,995				(118,612	)

Reconciliations of Adjusted EBITDA and Net Cash Burn to the most comparable U.S. GAAP financial metric for the nine months ended September 30, 2026 and September 30, 2025 are presented in the table below:

		For the Nine Months Ended
		September 30, 2026				September 30, 2025
Net Loss		$	(14,228,666	)		$	(3,368,737	)
Depreciation			9,849,946				4,529,134
Stock based compensation			2,675,700				–
Interest expense			220,050				300,249
Adjusted EBITDA		$	(1,482,970	)		$	1,460,646
Less: interest expense added back above			(220,050	)			(300,249	)
Net realized and unrealized (gains) losses on digital assets			278,713				(306,453	)
Net Cash Burn (non-GAAP)		$	(1,424,307	)		$	853,944
Memo: interest income (expense), net, included above			971,926				(295,118	)

Adjusted EBITDA for the third quarter of 2026 includes $2,202,885 of net realized and unrealized gains on digital assets, which are reflected in the GAAP net loss and are not deducted under the Company’s Adjusted EBITDA definition. Net Cash Burn excludes those amounts. Net Cash Burn is not adjusted for interest and therefore includes net interest income of $302,995 for the three months ended September 30, 2026 and $971,926 for the nine months ended September 30, 2026, which is shown as a memorandum line above. Net Cash Burn of $60,748 for the three months ended June 30, 2026 was presented in the Company’s press release for the second quarter of 2026.