StableX Technologies (SBLX) investor relations material

Executive summary

• Initiated strategic transformation to fabless semiconductor development for AI data center infrastructure, focusing on MicroLED-based optical interconnects via a joint development agreement (JDA) with Kopin Corporation.

• Disposed of all digital asset holdings and sold legacy electric vehicle assets, fully exiting those business lines.

• No revenue generated from semiconductor operations to date; business remains in development stage.

Financial highlights

• Net loss of $14.9M for the six months ended June 30, 2026, compared to $13.3M loss in the prior year period.

• Operating expenses increased to $5.0M for the six months, up from $3.5M year-over-year, driven by R&D and G&A costs.

• Cash and cash equivalents of $3.6M, restricted cash of $5.1M, and marketable securities of $18.0M as of June 30, 2026.

• Working capital increased to $30.6M, primarily due to $21.5M in gross proceeds from Series K Preferred Stock financing.

Outlook and guidance

• Management believes current liquidity is sufficient to fund operations for at least the next twelve months.

• R&D expenses expected to increase as development of the Neural I/O chip accelerates.

• Future capital needs will depend on development progress, revenue timing, and obligations under the JDA.