Rank One Computing (ROC) investor relations material

Executive summary

• Q1 2026 marked the first earnings call as a public company after a successful IPO and NASDAQ listing, raising $21.5M net proceeds and strengthening the balance sheet for future growth.

• Unified Vision AI platform integrates biometrics, video analytics, object detection, and digital evidence for identity, security, and digital forensics, serving national security, public safety, and commercial sectors.

• Product momentum was driven by ROC Watch and ROC ABIS, with revenues up 77% and 255% year-over-year, respectively, despite a 20% decline in total revenue due to reduced government R&D contracts.

• Leadership and board include experienced professionals from FBI, DoD, CIA, and major biometric providers.

• Expanded product portfolio with launches such as ROC Access and ROC Access Face1, which won industry recognition.

Financial highlights

• Q1 2026 total revenue was $2.5M, down 20% year-over-year from $3.2M, mainly due to lower R&D contract revenue; product revenue was $2.3M, down 5% year-over-year.

• Gross margin remained strong at 79%, consistent with the prior year.

• Operating expenses rose to $5M, driven by higher personnel and public company costs; net loss widened to $3M ($0.18/share) from $0.7M ($0.05/share) year-over-year.

• Cash and cash equivalents at quarter-end were $16.6M, with no long-term or structured debt.

• Net cash provided by financing activities was $19.8M, mainly from the IPO.

Outlook and guidance

• Management expects increased federal procurement activity in Q2 and a surge in Q3 as agencies obligate funds before September 30.

• Near-term growth driven by commercial scale-up of ROC Watch and ROC Evidence, and expansion of national security and law enforcement programs.

• Ongoing conversion of pilot programs and FFP contracts into 3-5 year recurring revenue streams.

• Management anticipates continued lumpiness in legacy SDK and R&D contract revenue but is encouraged by product momentum.

• No guidance on future revenue or profitability was provided.