Technology

Equinix Reports First-Quarter Results and Raises Full-Year Financial Outlook

Published

2 days ago

April 29, 2026

Grew monthly recurring revenue 12% on an as-reported basis and 10% on a normalized and constant currency basis year over year Delivered largest first-quarter annualized gross bookings in company’s history, leading to a record backlog Increased stabilized assets’ revenues 9% on an as-reported basis and 6% on a constant currency basis year over year, and continued to generate attractive 26% cash-on-cash returnsRaising full-year financial outlook across key metrics

REDWOOD CITY, Calif., April 29, 2026 /PRNewswire/ — Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company®, today reported results for the quarter ended March 31, 2026.

“Our results reflect continued strength across the business. We delivered double-digit recurring revenue growth whilst improving our margins as we capitalise on robust customer demand for our AI, cloud and networking solutions,” said Adaire Fox-Martin, CEO and President, Equinix. “We are raising our 2026 financial outlook based on the underlying strength of our Q1 performance and disciplined execution by our teams. The essential infrastructure we provide is enabling companies to accelerate innovation and enhancing our market position.”

First-Quarter 2026 Results Summary

Revenues$2.444 billion, a 10% increase over the same quarter of the previous year on an as-reported basis, or an 8% increase on a normalized and constant currency basisOperating Income$577 million, a 26% increase over the same quarter of the previous year, primarily from strong underlying operating performanceNet Income Attributable to Common Stockholders and Net Income per Share Attributable to Common Stockholders$415 million, a 21% increase over the same quarter of the previous year, primarily from higher operating income$4.20 per share, a 20% increase over the same quarter of the previous yearAdjusted EBITDA$1.245 billion, a record adjusted EBITDA margin of 51%, a 17% increase over the same quarter of the previous year on an as-reported basis, or a 13% increase on a normalized and constant currency basisAFFO and AFFO per Share$1.065 billion, a 12% increase over the same quarter of the previous year on an as-reported basis, or an 11% increase on a normalized and constant currency basis driven by strong operating performance$10.79 per share, a 12% increase over the same quarter of the previous year on an as-reported basis, or a 10% increase on a normalized and constant currency basis

Q1 results do not include the xScale® Hampton lease transaction. Adjusting for the timing of that deal, Q1 results were above the midpoint of the company’s Q1 guidance ranges.

Equinix uses certain non-GAAP financial measures, which are described further below and reconciled to the most comparable GAAP financial measures after the presentation of our GAAP financial statements.

All per-share results are presented on a fully diluted basis.

2026 Annual Guidance Summary

(in millions, except per share data)

Prior FY 2026
Guidance

Guidance
Adjustment

Foreign
Exchange
Impact

Revised FY 2026
Guidance

Q2 2026
Guidance

Revenues

$10,123 – 10,223

+$20

+$1

$10,144 – 10,244

$2,571 – 2,611

Adjusted EBITDA

Adjusted EBITDA Margin %

$5,141 – 5,221

~51%

+$23

+$1

$5,165 – 5,245

~51%

$1,349 – 1,389

52 – 53%

Recurring Capital Expenditures

% of Revenues

$270 – 290

~3%

+$11

($1)

$280 – 300

~3%

$46 – 66

2 – 3%

Non-recurring Capital Expenditures

(Excludes xScale and Land Acquisitions)

$3,385 – 3,865

+$188

($13)

~$3,800

AFFO

$4,158 – 4,238

+$40

($0)

$4,198 – 4,278

AFFO per Share (Diluted)

$41.93 – 42.74

+$0.38

($0.00)

$42.31 – 43.11

Expected Cash Dividends

~$2,036

+$1

~$2,037

Equinix does not provide forward-looking guidance for certain financial data, such as depreciation, amortization, accretion, stock-based compensation and other components of net income or loss from operations, and as a result, is not able to provide a reconciliation of GAAP to non-GAAP financial measures for forward-looking data without unreasonable effort. The impact of such adjustments could be significant. Equinix intends to calculate the various non-GAAP financial measures in future periods consistent with how they were calculated for the periods presented within this press release.

For the second quarter of 2026, the company expects revenues to range between $2.571 and $2.611 billion, an increase of 6% at the midpoint over the previous quarter, on both an as-reported and a normalized and constant currency basis. This guidance includes a $6 million foreign currency benefit when compared to the average FX rates in Q1 2026. Adjusted EBITDA is expected to range between $1.349 and $1.389 billion. This guidance includes a $4 million foreign currency benefit when compared to the average FX rates in Q1 2026. Recurring capital expenditures are expected to range between $46 and $66 million.

For the full year of 2026, total revenues are expected to range between $10.144 and $10.244 billion, an increase of approximately 10 – 11% over the previous year on both an as-reported and a normalized and constant currency basis. This guidance includes a $21 million raise from better-than-expected Q1 operating performance. It also includes a minimal foreign currency benefit when compared to prior guidance. Adjusted EBITDA is expected to range between $5.165 and $5.245 billion, reflecting an adjusted EBITDA margin of 51%, an approximate +2% expansion over the previous year. This guidance includes a $24 million raise from better-than-expected Q1 operating performance. It also includes a minimal foreign currency benefit when compared to prior guidance. AFFO is expected to range between $4.198 and $4.278 billion, an increase of 12 – 14% over the previous year on an as-reported basis, or 10 – 12% on a normalized and constant currency basis. This guidance includes a $40 million raise from better-than-expected Q1 operating performance. This guidance also includes a minimal foreign currency impact when compared to prior guidance rates. AFFO per share is expected to range between $42.31 and $43.11, an increase of 10 – 12% over the previous year on an as-reported basis, or 9 – 11% on a normalized and constant currency basis. Total capital expenditures are expected to be approximately $4.100 billion. Non-recurring capital expenditures, excluding on-balance sheet xScale-related spend, are expected to be approximately $3.800 billion. Recurring capital expenditures are expected to range between $280 and $300 million.

The U.S. dollar exchange rates used for 2026 guidance, taking into consideration the impact of our current foreign currency hedges, have been updated to $1.14 to the Euro, $1.31 to the British Pound, S$1.27 to the U.S. Dollar, ¥159 to the U.S. Dollar, A$1.40 to the U.S. Dollar, R$4.97 to the U.S. Dollar, HK$7.83 to the U.S. Dollar and C$1.37 to the U.S. Dollar. The Q1 2026 global revenue breakdown by currency for the Euro, British Pound, Singapore Dollar, Japanese Yen, Australian Dollar, Brazilian Real, Hong Kong Dollar, and Canadian Dollar is 20%, 9%, 9%, 5%, 3%, 3%, 2% and 2%, respectively.

Business Highlights

Delivered $378 million of annualized gross bookings and record annualized presales of approximately $140 million.Approximately 60% of the company’s largest deals were AI-related.Introduced Equinix Fabric Intelligence™, an industry-leading solution that embeds AI directly into the network to interpret telemetry in real time and autonomously take action to optimize performance and workflows.Launched the Distributed AI Hub, a neutral, low-latency on-ramp to AI model companies, GPU clouds, data platforms and security services that enable companies to build their own AI stacks from best-of-breed providers.Announced definitive agreement with Canada Pension Plan Investment Board to acquire atNorth, a deal that will further enhance the company’s position in the Nordics and is expected to be immediately accretive to AFFO per share upon close.Strengthened position across the AI inferencing ecosystem, with eight of the top 10 AI model providers and four of the top five neoclouds actively expanding with Equinix to enable mission-critical, latency-sensitive elements of their architectures.Published 11th annual sustainability report, detailing the significant investments Equinix is making to expand critical energy infrastructure without burdening residential ratepayers while also achieving new levels of energy efficiency and environmental stewardship across the company’s operations.

Q1 2026 Results Conference Call and Replay Information

Equinix will discuss its quarterly results for the period ended March 31, 2026, along with its future outlook, in its quarterly conference call on Wednesday, April 29, 2026, at 5:30 p.m. ET (2:30 p.m. PT). A simultaneous live webcast of the call will be available on the company’s Investor Relations website at www.equinix.com/investors. To hear the conference call live, please dial 1-517-308-9482 (domestic and international) and reference the passcode EQIX.

A replay of the call will be available one hour after the call through Tuesday, June 30, 2026, by dialing 1-800-308-6785 and referencing the passcode 2026. In addition, the webcast will be available at www.equinix.com/investors (no password required).

Investor Presentation and Supplemental Financial Information

Equinix has made available on its website a presentation designed to accompany the discussion of Equinix’s results and future outlook, along with certain supplemental financial information and other data. Interested parties may access this information through the Equinix Investor Relations website at www.equinix.com/investors.

Additional Resources

Equinix Investor Relations Resources

About Equinix

Equinix, Inc. (Nasdaq: EQIX) shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI—quickly, efficiently and everywhere.

Non-GAAP Financial Measures

Equinix provides all information required in accordance with generally accepted accounting principles (“GAAP”), but it believes that evaluating its ongoing results of operations may be difficult if limited to reviewing only GAAP financial measures. Accordingly, Equinix also uses non-GAAP financial measures to evaluate its operations.

Non-GAAP financial measures are not a substitute for financial information prepared in accordance with GAAP. Non-GAAP financial measures should not be considered in isolation, but should be considered together with the most directly comparable GAAP financial measures. As such, Equinix provides a reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

Investors should note that the non-GAAP financial measures used by Equinix may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as those of other companies. Investors should therefore exercise caution when comparing non-GAAP financial measures used by Equinix to similarly titled non-GAAP financial measures of other companies.

Equinix’s primary non-GAAP financial measures include Adjusted EBITDA and Adjusted Funds from Operations (“AFFO”) as described below. Equinix presents these measures to provide investors with additional tools to evaluate its results in a manner that focuses on what management believes to be its core, ongoing business operations. These measures exclude items which Equinix believes are generally not relevant to assessing its long-term performance. Both measures eliminate the impacts of depreciation and amortization, which are derived from historical costs and which Equinix believes are not indicative of current or future expenditures, and other items for which the frequency and amount of charges can vary based on the timing and significance of individual transactions. Equinix believes that presenting these non-GAAP financial measures provides consistency and comparability with past reports and that if it did not provide such non-GAAP financial information, investors would not have all the necessary data to analyze the company effectively.

Adjusted EBITDA is used by management to evaluate the operating strength and performance of its core, ongoing business, without regard to its capital or tax structures. It also aids in assessing the performance of, making operating decisions for, and allocating resources to its operating segments. In addition to the uses described above, Equinix believes this measure provides investors with a better understanding of the operating performance of the business and its ability to perform in subsequent periods.

Equinix defines adjusted EBITDA as net income excluding:

income tax expenseinterest incomeinterest expenseother income or expensegain or loss on debt extinguishmentdepreciation, amortization and accretion expensestock-based compensation expenserestructuring and other exit charges, which primarily include employee severance, facility closure costs, lease or other contract termination costs and advisory fees related to the realignment of our management structure, operations or products and other exit activitiesimpairment chargestransaction costsgain or loss on asset sales

AFFO is derived from Funds from Operations (“FFO”) calculated in accordance with the standards established by the National Association of Real Estate Investment Trusts. Both FFO and AFFO are non-GAAP measures commonly used in the REIT industry. Although these measures may not be directly comparable to similar measures used by other companies, Equinix believes that the presentation of these measures provides investors with an additional tool for comparing its performance with the performance of other companies in the REIT industry. Additionally, AFFO is a performance measure used in certain of the company’s employee incentive programs, and Equinix believes it is a useful measure in assessing its dividend-paying capacity, as it isolates the cash impact of certain income and expense items and considers the impact of recurring capital expenditures.

Equinix defines FFO as net income attributable to common stockholders excluding:

gain or loss from the disposition of real estate assetsdepreciation and amortization expense on real estate assetsadjustments for unconsolidated joint ventures’ and non-controlling interests’ share of these items

Equinix defines AFFO as FFO adjusted for:

depreciation and amortization expense on non-real estate assetsaccretion expensestock-based compensation expensestock-based charitable contributionsrestructuring and other exit charges, as described aboveimpairment chargestransaction costsan adjustment to remove the impacts of straight-lining installation revenuean adjustment to remove the impacts of straight-lining rent expensean adjustment to remove the impacts of straight-lining contract costsamortization of deferred financing costs and debt discounts and premiumsgain or loss from the disposition of non-real estate assetsgain or loss on debt extinguishmentan income tax expense adjustment, which represents the non-cash tax impact due to changes in valuation allowances, uncertain tax positions and deferred taxesrecurring capital expenditures, which represent expenditures to extend the useful life of data centers or other assets that are required to support current revenuesnet income or loss from discontinued operations, net of taxadjustments from FFO to AFFO for unconsolidated joint ventures’ and non-controlling interests’ share of these items

Equinix provides normalized and constant currency growth rates for revenues, adjusted EBITDA, AFFO and AFFO per share. These growth rates assume foreign currency rates remain consistent across comparative periods. Revenue growth rates exclude the impact of net power pass-through, acquisitions, divestitures and the Equinix Metal® wind-down. Adjusted EBITDA growth rates exclude the impact of acquisitions, divestitures and integration costs. AFFO growth rates exclude the impact of acquisitions and related financing costs, divestitures, integration costs and balance sheet remeasurements. AFFO per share growth rates exclude the impact of integration costs and balance sheet remeasurements.

Equinix presents cash cost of revenues and cash operating expenses (also known as cash selling, general and administrative expenses or cash SG&A). These measures exclude depreciation, amortization, accretion and stock-based compensation, which are not good indicators of Equinix’s current or future operating performance, as described above.

Equinix also presents free cash flow and adjusted free cash flow. Free cash flow is defined as net cash provided by (used in) operating activities plus net cash provided by (used in) investing activities excluding the net purchases of and distributions from equity investments. Adjusted free cash flow is defined as free cash flow excluding any real estate and business acquisitions, net of cash and restricted cash acquired. These measures are presented in order for lenders, investors and the industry analysts who review and report on Equinix to better evaluate Equinix’s cash spending levels relative to its industry sector and competitors.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; stock price fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of building and operating IBX® and xScale® data centers, including those related to sourcing suitable power and land, and any supply chain constraints or increased costs of supplies; the challenges of developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; risks related to regulatory inquiries or litigation; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

EQUINIX, INC.

Condensed Consolidated Statements of Operations

(in millions, except share and per share data)

(unaudited)

Three Months Ended

March 31,
2026

December 31,
2025

March 31,
2025

Recurring revenues

$ 2,331

$ 2,294

$ 2,087

Non-recurring revenues

113

126

138

Revenues

2,444

2,420

2,225

Cost of revenues

1,186

1,198

1,084

Gross profit

1,258

1,222

1,141

Operating expenses:

Sales and marketing

241

234

229

General and administrative

444

481

438

Restructuring and other exit charges

Transaction costs

Impairment charges

—

(Gain) loss on asset sales

(20)

—

Total operating expenses

681

800

683

Income from operations

577

422

458

Interest and other income (expense):

Interest income

Interest expense

(148)

(142)

(122)

Other income (expense)

(9)

Total interest and other, net

(106)

(110)

(66)

Income before income taxes

471

312

392

Income tax expense

(56)

(48)

(49)

Net income from continuing operations

415

264

343

Net (income) loss attributable to non-controlling interests

—

Net income attributable to common stockholders

$ 415

$ 265

$ 343

Earnings (loss) per share (“EPS”) attributable to common stockholders:

Basic EPS

$ 4.22

$ 2.70

$ 3.52

Diluted EPS

$ 4.20

$ 2.69

$ 3.50

Weighted-average shares for basic EPS (in thousands)

98,392

98,200

97,514

Weighted-average shares for diluted EPS (in thousands)

98,727

98,378

97,887

EQUINIX, INC.

Condensed Consolidated Balance Sheets

(in millions, except headcount)

(unaudited)

March 31,
2026

December 31,
2025

Assets

Cash and cash equivalents

$ 1,362

$ 1,727

Short-term investments

1,692

1,500

Accounts receivable, net

1,108

1,001

Other current assets

1,184

897

Total current assets

5,346

5,125

Property, plant and equipment, net

24,169

23,584

Operating lease right-of-use assets

1,345

1,392

Goodwill

5,931

5,984

Intangible assets, net

1,258

1,316

Other assets

2,849

2,740

Total assets

$ 40,898

$ 40,141

Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity

Accounts payable and accrued expenses

$ 1,321

$ 1,350

Accrued property, plant and equipment

703

564

Current portion of operating lease liabilities

161

155

Current portion of finance lease liabilities

173

168

Current portion of mortgage and loans payable

Current portion of senior notes

1,876

1,299

Other current liabilities

288

340

Total current liabilities

4,538

3,893

Operating lease liabilities, less current portion

1,256

1,304

Finance lease liabilities, less current portion

2,126

2,187

Mortgage and loans payable, less current portion

686

Senior notes, less current portion

17,715

16,910

Other liabilities

930

983

Total liabilities

26,578

25,963

Redeemable non-controlling interest

Common stockholders’ equity:

Common stock

—

Additional paid-in capital

21,858

21,642

Treasury stock

(24)

Accumulated dividends

(12,707)

(12,202)

Accumulated other comprehensive loss

(1,343)

(1,359)

Retained earnings

6,514

6,099

Total common stockholders’ equity

14,298

14,156

Non-controlling interests

(3)

Total stockholders’ equity

14,295

14,153

Total liabilities, redeemable non-controlling interest and stockholders’
equity

$ 40,898

$ 40,141

Ending headcount by geographic region is as follows:

Americas headcount

5,964

5,917

EMEA headcount

4,721

4,706

Asia-Pacific headcount

3,132

3,093

Total headcount

13,817

13,716

EQUINIX, INC.

Summary of Debt Principal Outstanding

(in millions)

(unaudited)

March 31,
2026

December 31,
2025

Finance lease liabilities

$ 2,299

$ 2,355

Term loans

673

Mortgage payable and other loans payable

Total mortgage and loans payable principal

703

Senior notes

19,591

18,209

Plus: debt issuance costs and debt discounts

165

150

Total senior notes principal

19,756

18,359

Total debt principal outstanding

$ 22,084

$ 21,417

EQUINIX, INC.

Condensed Consolidated Statements of Cash Flows

(in millions)

(unaudited)

Three Months Ended

March 31,
2026

March 31,
2025

Cash flows from operating activities:

Net income

$ 415

$ 343

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation, amortization and accretion

544

480

Stock-based compensation

128

113

Impairment charges

—

(Gain) loss on asset sales

(20)

—

Other operating activities

(3)

(1)

Changes in operating assets and liabilities:

Accounts receivable

(106)

(133)

Income taxes, net

(7)

(2)

Operating lease right-of-use assets

Operating lease liabilities

(35)

(39)

Accounts payable and accrued expenses

(62)

(149)

Other assets and liabilities

(180)

155

Net cash provided by operating activities

717

809

Cash flows from investing activities:

Purchases of equity investments

(146)

(43)

Distributions from equity investments

—

Purchases of short-term investments

(784)

(190)

Maturity of short-term investments

595

—

Real estate acquisitions

(123)

(17)

Purchases of other property, plant and equipment

(1,256)

(750)

Proceeds from sale of assets, net of cash transferred

258

—

Settlement of foreign currency hedges

(3)

Net cash used in investing activities

(1,459)

(964)

Cash flows from financing activities:

Proceeds from employee equity programs

Payment of dividends

(519)

(468)

Proceeds from public offering of common stock, net of issuance costs

—

Proceeds from senior notes, net of debt discounts

1,492

370

Repayment of finance lease liabilities

(41)

(32)

Repayment of other debt

(674)

—

Other financing activities

(4)

Net cash provided by financing activities

349

Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash

(6)

Net decrease in cash, cash equivalents and restricted cash

(399)

(120)

Cash, cash equivalents and restricted cash at beginning of period

1,824

3,082

Cash, cash equivalents and restricted cash at end of period

$ 1,425

$ 2,962

Free cash flow (1)

$ (596)

$ (116)

Adjusted free cash flow (2)

$ (473)

$ (99)

(1)

We define free cash flow as net cash provided by operating activities plus net cash used in investing activities
(excluding the net purchases of and distributions from equity investments) as presented below:

Net cash provided by operating activities as presented above

$ 717

$ 809

Net cash used in investing activities as presented above

(1,459)

(964)

Less purchases of equity investments, net of distributions

146

Free cash flow

$ (596)

$ (116)

(2)

We define adjusted free cash flow as free cash flow as defined above, excluding any real estate and business
acquisitions, net of cash and restricted cash acquired as presented below:

Free cash flow (as defined above)

$ (596)

$ (116)

Less real estate acquisitions

123

Adjusted free cash flow

$ (473)

$ (99)

EQUINIX, INC.

Non-GAAP Measures and Other Supplemental Data

($ in millions, except per share data)

(unaudited)

Three Months Ended

March 31,
2026

December 31,
2025

March 31,
2025

Recurring revenues

$ 2,331

$ 2,294

$ 2,087

Non-recurring revenues

113

126

138

Revenues (1)

2,444

2,420

2,225

Cash cost of revenues (2)

765

773

727

Cash gross profit (3)

1,679

1,647

1,498

Cash operating expenses (4):

Cash sales and marketing expenses

162

160

Cash general and administrative expenses

272

301

271

Total cash operating expenses (4)

434

461

431

Adjusted EBITDA (5)

$ 1,245

$ 1,186

$ 1,067

Cash gross margins (6)

69 %

68 %

67 %

Adjusted EBITDA margins (7)

51 %

49 %

48 %

FFO (8)

$ 758

$ 625

$ 647

AFFO (9)(10)

$ 1,065

$ 877

$ 947

Basic FFO per share (11)

$ 7.70

$ 6.36

$ 6.63

Diluted FFO per share (11)

$ 7.68

$ 6.35

$ 6.61

Basic AFFO per share (11)

$ 10.82

$ 8.93

$ 9.71

Diluted AFFO per share (11)

$ 10.79

$ 8.91

$ 9.67

(1)

The geographic split of our revenues on a services basis is presented below:

Americas Revenues:

Colocation

$ 731

$ 711

$ 636

Interconnection

251

245

229

Managed infrastructure

Other

Recurring revenues

1,046

1,020

931

Non-recurring revenues

Revenues

$ 1,091

$ 1,071

$ 1,001

EMEA Revenues:

Colocation

$ 613

$ 619

$ 567

Interconnection

106

102

Managed infrastructure

Other

Recurring revenues

789

716

Non-recurring revenues

Revenues

$ 827

$ 836

$ 743

Asia-Pacific Revenues:

Colocation

$ 386

$ 378

$ 342

Interconnection

Managed infrastructure

Other

Recurring revenues

496

485

440

Non-recurring revenues

Revenues

$ 526

$ 513

$ 481

Worldwide Revenues:

Colocation

$ 1,730

$ 1,708

$ 1,545

Interconnection

446

433

393

Managed infrastructure

115

116

115

Other

Recurring revenues

2,331

2,294

2,087

Non-recurring revenues

113

126

138

Revenues

$ 2,444

$ 2,420

$ 2,225

(2)

We define cash cost of revenues as cost of revenues less depreciation, amortization, accretion and stock-
based compensation as presented below:

Cost of revenues

$ 1,186

$ 1,198

$ 1,084

Depreciation, amortization and accretion expense

(405)

(409)

(343)

Stock-based compensation expense

(16)

(14)

Cash cost of revenues

$ 765

$ 773

$ 727

(3)

We define cash gross profit as revenues less cash cost of revenues (as defined above).

(4)

We define cash sales and marketing expense as sales and marketing expense less depreciation, amortization
and stock-based compensation as presented below. We define cash general and administrative expense as
general and administrative expense less depreciation, amortization and stock-based compensation as
presented below. We define cash operating expense as selling, general, and administrative expense less
depreciation, amortization, and stock-based compensation. We also refer to cash operating expense as cash
selling, general and administrative expense or “cash SG&A”.

Sales and marketing expense

$ 241

$ 234

$ 229

Depreciation and amortization expense

(52)

(50)

(47)

Stock-based compensation expense

(27)

(24)

(22)

Cash sales and marketing expense

162

160

General and administrative expense

444

481

438

Depreciation and amortization expense

(87)

(92)

(90)

Stock-based compensation expense

(85)

(88)

(77)

Cash general and administrative expenses

272

301

271

Cash operating expense

$ 434

$ 461

$ 431

(5)

We define adjusted EBITDA as net income excluding income tax expense or benefit, interest income, interest
expense, other income or expense, gain or loss on debt extinguishment, depreciation, amortization,
accretion, stock-based compensation expense, restructuring and other exit charges, impairment charges,
transaction costs, and gain or loss on asset sales as presented below:

Net income

$ 415

$ 264

$ 343

Income tax expense (benefit)

Interest income

(41)

(47)

Interest expense

148

142

122

Other (income) expense

(1)

(9)

Depreciation, amortization and accretion expense

544

551

480

Stock-based compensation expense

128

113

Restructuring and other exit charges

Impairment charges

—

Transaction costs

(Gain) loss on asset sales

(20)

—

Adjusted EBITDA

$ 1,245

$ 1,186

$ 1,067

Americas

516

492

443

EMEA

424

413

365

Asia-Pacific

305

281

259

Adjusted EBITDA

$ 1,245

$ 1,186

$ 1,067

(6)

We define cash gross margins as cash gross profit divided by revenues.

(7)

We define adjusted EBITDA margins as adjusted EBITDA divided by revenues.

(8)

FFO is defined as net income or loss attributable to common stockholders, excluding gain or loss from the
disposition of real estate assets, depreciation and amortization expense on real estate assets
and adjustments for unconsolidated joint ventures’ and non-controlling interests’ share of these items.

Net income

$ 415

$ 264

$ 343

Net (income) loss attributable to non-controlling interests

—

Net income (loss) attributable to common stockholders

415

265

343

Adjustments:

Real estate depreciation

351

349

297

(Gain) loss on disposition of real estate assets

(20)

—

Adjustments for FFO from unconsolidated joint ventures

FFO attributable to common stockholders

$ 758

$ 625

$ 647

(9)

AFFO is defined as FFO adjusted for depreciation and amortization expense on non-real estate assets,
accretion, stock-based compensation, stock-based charitable contributions, restructuring and other exit
charges, impairment charges, transaction costs, an installation revenue adjustment, a straight-line rent
expense adjustment, a contract cost adjustment, amortization of deferred financing costs and debt discounts
and premiums, gain or loss from the disposition of non-real estate assets, gain or loss on debt
extinguishment, an income tax expense adjustment, recurring capital expenditures, net income or loss from
discontinued operations, net of tax, and adjustments from FFO to AFFO for unconsolidated joint ventures’
and non-controlling interests’ share of these items.

FFO attributable to common stockholders

$ 758

$ 625

$ 647

Adjustments:

Installation revenue adjustment

Straight-line rent expense adjustment

(4)

Contract cost adjustment

(15)

(27)

(7)

Amortization of deferred financing costs and debt discounts

Stock-based compensation expense

128

113

Non-real estate depreciation expense

138

142

134

(Gain) loss on disposition of non-real estate assets

—

Amortization expense

Accretion expense adjustment

Recurring capital expenditures

(32)

(139)

(26)

Restructuring and other exit charges

Transaction costs

Impairment charges

—

Income tax expense adjustment

—

(5)

Adjustments for AFFO from unconsolidated joint ventures

(2)

AFFO attributable to common stockholders

$ 1,065

$ 877

$ 947

(10)

Following is how we reconcile from adjusted EBITDA to AFFO:

Adjusted EBITDA

$ 1,245

$ 1,186

$ 1,067

Adjustments:

Interest expense, net of interest income

(107)

(101)

(75)

Amortization of deferred financing costs and debt discounts

Income tax expense

(56)

(48)

(49)

Income tax expense adjustment

—

(5)

Straight-line rent expense adjustment

(4)

Contract cost adjustment

(15)

(27)

(7)

Installation revenue adjustment

Recurring capital expenditures

(32)

(139)

(26)

Other income (expense)

(9)

Adjustments for (gain) loss on asset dispositions

—

Adjustments for unconsolidated JVs and non-controlling interests

AFFO attributable to common stockholders

$ 1,065

$ 877

$ 947

(11)

The shares used in the computation of basic and diluted FFO and AFFO per share attributable to common
stockholders is presented below:

Shares used in computing basic net income per share, FFO per share
and AFFO per share (in thousands)

98,392

98,200

97,514

Effect of dilutive securities:

Employee equity awards (in thousands)

335

178

373

Shares used in computing diluted net income per share, FFO per share
and AFFO per share (in thousands)

98,727

98,378

97,887

Basic FFO per share

$ 7.70

$ 6.36

$ 6.63

Diluted FFO per share

$ 7.68

$ 6.35

$ 6.61

Basic AFFO per share

$ 10.82

$ 8.93

$ 9.71

Diluted AFFO per share

$ 10.79

$ 8.91

$ 9.67

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SOURCE Equinix, Inc.

Technology

Reach Showcases Full-Stack Product Portfolio for AI Vehicle Intelligent Evolution at Auto China 2026

Published

9 hours ago

May 1, 2026

BEIJING, April 30, 2026 /PRNewswire/ — At Auto China 2026, Reach officially unveiled its full-stack product portfolio designed to accelerate the intelligent evolution of AI vehicles. Industry leaders and experts, along with executives and representatives from Honda, Toyota, FAW, Geely, GAC, Dongfeng Voyah, FAW Jiefang, BMW, Volkswagen CARIAD, Chery, Nissan, Mazda, Hitachi Astemo, Bosch, UAES, ZTE Microelectronics and other global OEMs and industry partners, visited the booth for in-depth discussions on the future of AI-powered mobility and intelligent vehicle evolution.

At the show, Reach demonstrated how AI vehicles are moving from “responding to commands” to “understanding intent and proactively serving users.” Human-vehicle interaction is evolving from isolated smart functions to integrated intelligent experiences, creating a new vision for future mobility.

Supporting this transformation is Reach’s full-stack portfolio covering five key areas: AI Vehicle Neural Foundation, Emotional Cognition, Intelligent Driving Brain, Vehicle-Cloud Computational Brain, and Energy Heart.

At the core is NeuSAR OS, the digital foundation for AI vehicles. Backed by over 10 million production deployments, it provides secure, reliable, and scalable support for AI applications, enabling unified management of vehicle-wide capabilities, cross-domain resources, and AI Agents while improving development efficiency by 30%–50%.

Cloud OS introduces a vehicle-cloud collaborative computing architecture that allows flexible scheduling between onboard small models and cloud-based large models, reducing hardware dependency and optimizing computing costs.

For intelligent driving, Reach’s full-stack AI solution and fifth-generation architecture NeuAUTO support faster mass production across passenger and commercial vehicles through unified software architecture and end-to-end AI models.

Reach AI Data-driven EV power system enables proactive battery health management and energy optimization. It also introduced AI-powered automated testing systems to improve testing efficiency and coverage.

Reach also launched its lifecycle-wide AI Agent solution, built on a full-domain data platform and intelligent systems for planning, after-sales, and operations, it supports product planning, price forecasting, safety monitoring, and customer operations across the full vehicle lifecycle.

As AI vehicles evolve toward full-system intelligence, system-level capability building and ecosystem collaboration are becoming the key to competitiveness. Reach is collaborating with global OEMs, Tier 1 suppliers, and semiconductor partners to accelerate large-scale industrial deployment.

Looking ahead, Reach continues advancing its full-stack portfolio through stronger innovation and deeper ecosystem collaboration, enabling vehicles evolve into true intelligent agents and delivering smarter, safer, and more trusted mobility experiences worldwide.

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SOURCE Reach

Technology

Hydreight Reports Record Fiscal 2025 Results as VSDHOne Drives Rapid Growth and Platform Scale

Published

9 hours ago

May 1, 2026

Achieves profitability, scales to 11,000+ platform licenses, and strengthens balance sheet with $15.7M in cash

VANCOUVER, BC and LAS VEGAS, April 30, 2026 /PRNewswire/ – Hydreight Technologies Inc. (“Hydreight” or the “Company”) (TSXV: NURS) (OTCQB: HYDTF) (FSE: SO6), a U.S.-focused digital health infrastructure platform, is pleased to report its audited financial results for the year ended December 31, 2025. All figures are in Canadian dollars unless otherwise stated. All references to Non-GAAP Financial Measures1 2 are as reported in the Company’s amended and restated Management Discussion and Analysis dated April 30, 2026 (“MD&A”).

Revenue reached $35.4M in 2025, with $43.6M in Adjusted Revenue1 (non-GAAP) and $2.5M in Adjusted EBITDA2 (non-GAAP), reflecting strong growth and improving operating leverage.

The Company achieved net income of $1.69M and continued to scale its platform, driven by accelerating adoption of VSDHOne and expanding transaction volumes across its national healthcare network.

FULL YEAR 2025 HIGHLIGHTS

All comparisons below are to the year ended December 31, 2024, unless otherwise noted.

Revenue: $35.4M vs. $16.04M (+121% YoY)Adjusted Revenue:(1) $43.56M vs. $22.32M (+95% YoY)Adjusted EBITDA:(2) $2.5M vs. $136K (+1,765% YoY)Rising Operating Leverage: OPEX as a % of revenue fell from 38% to 22%2025 Year-end Cash Position: $15.65M vs. $1.19M (strong balance sheet improvement)Positive Adjusted EBITDA2 across the year, reflecting improving operating leverageOver 11,000 licenses signed across the VSDHOne platform, which the Company believes demonstrates strong demand and accelerating adoption

4th QUARTER 2025 HIGHLIGHTS

All comparisons below are to the quarter ended December 31, 2024, unless otherwise noted

Revenue: $14.95M vs. $4.04M (+270% YoY)Adjusted Revenue:(1) $16.85M vs. $5.74M (+193% YoY)Adjusted EBITDA:(2) $1.58M vs. ($0.1M)Rising Operating Leverage: OPEX as a % of revenue fell to 15% in Q4 2025, versus 34% in Q4 2024

The Company believes the following Non-GAAP financial measures provide meaningful insight to its shareholders in understanding the Company’s performance and may assist in the evaluation of the Company’s business relative to that of its peers.

Notes:

(1) “Adjusted Revenue” is a non-GAAP financial measure, and the figures reflect gross economic activity processed through the Company’s platform and should not be considered revenue recognized under IFRS. See “Non-GAAP Financial Measures” section below for definition.

(2) “Adjusted EBITDA” is a non-GAAP financial measure and reflects EBITDA plus additions for atypical and non-recurring charges. See “Non-GAAP Financial Measures” section below for definition.

The following table is included to provide a reconciliation of the Company’s non-GAAP financial measures to the most directly comparable IFRS measures and to enhance the comparability and transparency of the Company’s financial performance for investors.

Three months ended December 31,

Twelve months ended December 31,

2025

2024

%
change

2025

2024

%
change

Adjusted Revenue

$ 16,853,102

$ 5,742,523

193 %

$ 43,563,753

$ 22,321,265

95 %

Deduct – deferred business partner contract
revenue

(313,878)

208,436

425,945

(45,317)

Deduct – business partner payouts on app
service gross revenue

2,218,121

1,493,509

7,752,770

6,321,866

GAAP Revenue

$ 14,948,859

$ 4,040,578

270 %

$ 35,385,038

$ 16,044,716

121 %

Adjusted Gross Margin

$ 2,924,341

$ 1,580,387

85 %

$ 9,429,151

$ 5,650,936

67 %

Deduct – deferred business partner contract
revenue

(313,878)

208,436

425,945

(45,317)

GAAP Gross Margin

$ 3,238,219

$ 1,371,951

136 %

$ 9,003,206

$ 5,696,253

58 %

Adjusted EBITDA

$ 1,577,760

$ (83,191)

$ 2,542,895

$ 136,334

1765 %

Deduct – amortization and depreciation

127,982

62,853

452,772

181,136

Deduct – share-based payments

8,843

87,889

82,385

614,877

Deduct – interest and accretion

452,209

–

586,354

–

Deduct – sales tax provision, net cash paid

252,603

(254,510)

252,603

(254,510)

Deduct – impairment charge

54,814

–

54,814

–

Deduct – income tax expense

(119,249)

–

(119,249)

–

Deduct – deferred tax recovery

699,586

–

699,586

–

GAAP Net Income (Loss)

$ 1,261,646

$ 20,577

6031 %

$ 1,694,304

$ (405,169)

518 %

Shane Madden, CEO of Hydreight, commented:

“2025 was a defining year for Hydreight. We transitioned from a growing platform into a scaled healthcare infrastructure business, with strong revenue growth and sustained profitability.

The acceleration we saw in the second half of the year was driven largely by the rollout of VSDHOne, which is now becoming a meaningful contributor to both revenue and long-term scalability.

As we move into 2026, our focus is on expanding our partner network, increasing transaction volume across the platform, and continuing to grow our compliant healthcare infrastructures in the United States.”

BUSINESS PERFORMANCE & DRIVERS

VSDHOne – Core Growth Engine

The Company’s VSDHOne platform, launched in 2025, was a primary driver of growth, contributing to:

Rapid onboarding of new partnersExpansion of direct-to-consumer healthcare brandsIncreased transaction volume across telehealth and pharmacy services

Revenue growth in 2025 was primarily driven by VSDHOne-related activity, combined with continued organic growth across existing partners.

The platform ramped significantly through the second half of the year, with Q4 alone contributing $14.9M in revenue, representing approximately 270% growth compared to the same period in 2024. This acceleration reflects strong demand from partners seeking compliant, turnkey solutions and demonstrates the Company’s ability to scale transaction volume efficiently across its infrastructure.

OPERATING METRICS & VOLUME GROWTH

Operational performance across the Company’s core verticals continued to strengthen throughout 2025.

The Company’s first two verticals continued their historical growth in 2025, supported by alignment with broader market trends and the introduction of direct-to-consumer products and services through Hydreight’s proprietary platform structure.

Completed Services revenue in Q4 2025 for the first vertical increased by approximately 44% compared to the same period in 2024Completed Services revenue for the first vertical in 2025 increased by approximately 17% compared to 2024New nurse sign-ups increased by approximately 45% in 2025 compared to 2024

These metrics reflect continued growth in the Company’s core service offerings, expansion of its provider network, and increasing utilization across the platform.

PLATFORM SCALE & NETWORK EFFECTS

Hydreight continues to expand its position as a leading healthcare infrastructure platform:

11,000+ licenses signed across VSDHOneNational footprint across all 50 U.S. statesNetwork of healthcare providers, pharmacies, and partners

The Company believes that this scale reflects growing demand from businesses seeking compliant, turnkey solutions to enter and expand within the U.S. healthcare market.

MULTI-VERTICAL REVENUE MODEL

Hydreight generates revenue across three primary streams:

Business partner subscription contractsTelehealth consultation and platform commissionsPharmacy sales

Growth was supported by:

Expansion of product offerings (GLP-1s, peptides, NAD, TRT, and more)Increased partner utilizationBroader adoption across wellness verticals

PROFITABILITY & OPERATING LEVERAGE

Hydreight achieved strong improvements in Adjusted EBITDA, a non-GAAP measure:

Adjusted EBITDA: $2.5M in 2025 vs. $0.14M in 2024 (+1,765% YoY)Net income (loss): $1.69M in 2025 vs. $(0.41)M in 2024

Performance strengthened meaningfully in the fourth quarter, reflecting the scaling of the platform in the second half of the year.

Q4 Adjusted EBITDA: $1.58M vs. ($0.10M) in Q4 2024

This reflects:

Platform scalabilityRevenue growth outpacing cost increasesImproved operational efficiency

This improvement reflects the operating leverage inherent in the Company’s platform model and was not solely a function of higher revenue. As transaction volumes scaled across VSDHOne, incremental revenue flowed through at higher margins, supported by a largely fixed regulatory, pharmacy, and technology infrastructure. As a result, revenue growth outpaced cost growth, driving improved profitability and demonstrating the scalability of the Company’s platform.

¹ See “Non-GAAP Financial Measures and Reconciliation”.

BALANCE SHEET & LIQUIDITY

Cash: $15.65M (vs. $1.2M in 2024)Working Capital: ~$15.7M (vs. deficiency of $2.5M in 2024)Strong capital position to support ongoing operations

The Company also completed a $15M financing in January 2026, subsequent to year‑end, further strengthening its ability to scale operations and pursue strategic initiatives.

Including the $15M financing completed in January 2026, the Company has access to over $30.7M in capital to support growth initiatives.

Please see SEDAR+ for the Company’s consolidated audited financial statements and MD&A for the year ended December 31, 2025.

STRATEGIC INITIATIVES & MILESTONES

Hydreight continues to expand its platform through strategic initiatives and partnerships.

During 2025, the Company:

Strengthened its vertically integrated healthcare infrastructureExpanded its national pharmacy networkInvested in next-generation platform capabilities (VSDHOne 2.0)Established strategic relationships to enhance product innovation and distribution

In 2026, Hydreight further expanded its strategic initiatives through an investment in Insu Therapeutics, a company focused on developing innovative delivery mechanisms for peptide-based therapies. This aligns with Hydreight’s long-term strategy of supporting next-generation treatments across its platform.

OUTLOOK

Hydreight is entering 2026 with strong momentum, supported by:

Continued onboarding of new partnersIncreasing transaction volumes across VSDHOneRecent capital deployment initiativesExpansion into new healthcare verticals

As of the end of Q1 2026, VSDHOne has surpassed 12,000 licenses sold, reflecting continued momentum in platform adoption.

Management remains focused on scaling the platform while maintaining disciplined growth and operational efficiency.

“We look forward to discussing these results in more detail on our upcoming earnings call.” -Shane Madden

ANNUAL FILINGS

The Company’s audited annual financial statements for the year ended December 31, 2025, and the associated MD&A, including a full discussion of non-GAAP financial measures and their reconciliation to IFRS measures, have been filed on SEDAR+ at www.sedarplus.ca and are available on the Company’s issuer profile. Readers are encouraged to review the complete financial statements and MD&A in conjunction with this press release. The Company refiled its MD&A to correct a typographical error in the calculation of Adjusted EBITDA. No other changes have been made.

UPCOMING EARNINGS CALL

Hydreight Technologies will host a live earnings call to discuss its Q4 and full-year 2025 financial results, provide a business update, and outline the Company’s strategic priorities heading into 2026.

Date & Time: Friday, May 1, 2026 at 9:00am – 10:00pm EST

Registration Link: https://hydreight.zoom.us/webinar/register/WN_vP-U6hAiRf2Ejg8muQcocQ

The call will include a formal presentation followed by a live Q&A session. Investors are encouraged to attend to gain deeper insight into Hydreight’s growth strategy and platform expansion.

Clarification on Engagement of GRA Enterprises

Further to the Company’s news release early last year dated February 27, 2025, the Company wishes to clarify that its prior 3-month engagement of GRA Enterprises LLC (doing business as National Inflation Association) (“GRA”) was not renewed and as such was terminated effective May 27, 2025.

Under the engagement, the Company paid GRA an aggregate fee of USD $30,000 in cash pursuant to the GRA Engagement. The fee was paid from general working capital at the commencement of the engagement. No securities, stock options, or other equity-based compensation were issued or granted in connection with the engagement.

The engagement was conducted at arm’s length and has been fully concluded, with no ongoing obligations or amounts payable by the Company. To the Company’s knowledge, neither GRA nor its principal, Gerard Adams, holds any direct or indirect interest in the Company or its securities, nor any right to acquire such an interest.

On behalf of the Board of Directors

Shane Madden
Director and Chief Executive Officer
Hydreight Technologies Inc.

Hydreight Technologies Inc Ranked Number 56 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™

Hydreight Technologies Recognized as a Top 50 TSX Venture Exchange Company

About Hydreight Technologies Inc.
Hydreight Technologies Inc is building one of the largest mobile clinic networks in the United States. Its proprietary, fully integrated platform has hosted a network of over 3000 nurses, over 300 doctors and a pharmacy network through its Doctor networks across 50 states. The platform includes a built-in, easy-to-use suite of fully integrated tools for accounting, documentation, sales, inventory, booking, and managing patient data, which enables licensed healthcare professionals to provide services directly to patients at home, office or hotel. Hydreight is bridging the gap between provider compliance and patient convenience, empowering nurses, med spa technicians, and other licensed healthcare professionals. The Hydreight platform allows healthcare professionals to deliver services independently, on their own terms, or to add mobile services to existing location-based operations. Hydreight has a 503B pharmacy network servicing all 50 states and is closely affiliated with a U.S. certified e-script and telemedicine provider network.

About VSDHOne – Direct to Consumer Platform
Developed in partnership with Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FWB: 6F6), Hydreight Technologies launched the VSDHOne platform. VSDHOne simplifies the entry challenges for companies and medi-spa businesses to enter the online healthcare space compliantly. This platform is expected to help businesses launch direct-to-consumer healthcare brand in a matter of days in all 50 states. Compliant offerings include: GLP-1s, peptides, personalized healthcare treatments, sermorelin, testosterone replacement therapy (“TRT”), hair loss, skincare, sexual health and more. Hydreight invested in technology, legal and infrastructure to launch this platform. The VSDHOne platform offers a complete, and modular end-to-end solution for businesses looking to launch direct-to-consumer healthcare brands. From compliance and telemedicine technology to nationwide doctor and pharmacy networks, VSDHOne provides all the tools needed for a seamless entry into the online healthcare space. The platform is designed to significantly reduce the time and costs associated with launching such services, making it possible for businesses to go live in days instead of months.

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Use of Non-GAAP Financial Measures:
The Company uses certain non-GAAP financial measures to assess its operating performance, and this press release contains non-GAAP financial measures, including “Adjusted Revenue” and “Adjusted EBITDA”. These measures are not recognized under International Financial Reporting Standards (“IFRS”) and do not have standardized meanings prescribed by IFRS or GAAP.

The Company defines Adjusted Revenue as gross cash income before adjustment for the deferred portion of business partner contract revenue and gross receipts from Hydreight App service sales. The Company defines Adjusted Gross Margin as GAAP gross margin plus inventory impairment plus the deferred portion of business partner contract revenue. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization and before (i) transaction, restructuring, and integration costs (ii) share-based payments expense, (iii) gains/losses that are not reflective of ongoing operating performance including inventory impairment and (iv) sales tax provision, net of actual cash payments to state tax authorities.

Adjusted Revenue reflects the gross economic activity processed through the Company’s platform during the applicable period and may differ materially from revenue recognized under IFRS, which is based on revenue recognition and deferral requirements. Adjusted Revenue is not a measure of financial performance or profitability and should not be considered a substitute for revenue determined in accordance with IFRS. As used, Adjusted Revenue accelerates cash receipts relative to IFRS revenue recognition. Adjusted EBITDA should not be considered in isolation or as a substitute for net income (loss) prepared in accordance with IFRS.

The Company believes that these non‑GAAP measures provide information useful to investors in understanding historical operating trends and the scale of the Company’s platform relative to its peers but does not intend for such measures to represent future performance. This data is furnished to provide additional information and does not have any standardized meaning prescribed by IFRS. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily indicative of other metrics presented in accordance with IFRS.

Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding expectations for the Company’s 2026 strategic outlook, growth, platform scaling initiatives, and anticipated expansion of VSDHOne and other platform offerings.

Forward‑looking information is based on management’s expectations, estimates and assumptions as of the date hereof, including assumptions regarding: continued partner adoption, stable regulatory regimes applicable to telehealth and pharmacy operations in the United States, availability of capital, and general economic conditions.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company.

Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain requisite regulatory and other approvals with respect to the business operated by the Company and/or the potential impact of the listing of the Company’s shares on the TSXV on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time as a result of being a publicly listed entity. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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SOURCE Hydreight Technologies Inc.

Technology

Scaled Commercial Breakthrough: OMODA & JAECOO AiMOGA Robotics Secures 1,000 Robot Orders, Boosting Smart City Deployment Step by Step

Published

9 hours ago

May 1, 2026

KUALA LUMPUR, Malaysia and WUHU, China, May 1, 2026 /PRNewswire/ — In response to steady advancement of smart city construction and the actual demand for efficient, low-cost urban public service equipment, OMODA & JAECOO officially launched the full-scale commercial layout of AiMOGA Robotics at the 2026 Chery International Business Summit in Wuhu. Centering on the theme “Driven by Scenarios, United for Growth”, the event witnessed a key industrial breakthrough: AiMOGA Intelligent Police Robots secured 1,000 intentional signing orders and completed an official concentrated delivery of 100 units, laying a solid foundation for orderly large-scale promotion and practical scenario operation in urban roads, traffic hubs and daily public governance links.

Jointly developed by OMODA & JAECOO and the professional AiMOGA technical team, the robotic product lineup covers humanoid robots, quadruped robots and core intelligent patrol robots. Drawing on the brand’s mature intelligent vehicle underlying technologies in perception, planning and control, the equipment retains high operational stability. It can well adapt to daily road conditions and climatic environments, independently completing core practical tasks such as real-time traffic guidance, illegal parking identification and fixed-route auxiliary patrols, effectively assisting local frontline staff and optimizing urban refined management efficiency.

Chery Group pointed out that intelligent vehicles and robots share core technological homology, and the batch signing and delivery officially means AiMOGA enters the stage of large-scale standardized commercialization. The products have been iteratively optimized in more than 100 real scenarios across 50 countries including Malaysia, with reliable performance that meets local application standards. Relying on supporting facilities such as university talent cooperation projects, 31 innovation laboratories and a special robot leasing platform launched at the conference, OMODA & JAECOO will steadily improve local supporting service capabilities. The brand will rely on its global channel advantages to accelerate the localized landing of embodied intelligent equipment, pragmatically empower the steady development of smart urban governance industry, and jointly build a complete regional intelligent service ecology with local partners.

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SOURCE OMODA & JAECOO