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NextVision Announces Record Second Quarter 2026 Results

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Raises its 2026 Revenue Target to $355m, its Second Increase This Year

Highlights

Updated revenue target reflects growth of 111% compared with 2025, on continued demand for the Company’s systemsAnother quarter of accelerated growth – revenue of $88.2m, up 138% year-over-yearGross margin of 65.2%, within the Company’s target range, alongside a high operating margin of 58.8%Strong cash flow of $43.8m, alongside continued investment in inventory and production infrastructure

RA’ANANA, Israel, Aug. 10, 2026 /PRNewswire/ — NextVision Stabilized Systems Ltd. (TASE: NXSN), a technology growth company that develops, manufactures and markets stabilized day- and night-vision imaging solutions for ground and aerial platforms such as micro and mini UAVs and drones, with industry-leading weight-to-size and performance ratios, today announced its financial results for the second quarter and first half of 2026.

Chen Golan, Chairman of NextVision, commented: “The second quarter continues to demonstrate NextVision’s growth momentum. Strong demand for the Company’s products, alongside our ability to expand our operations and increase production capacity, despite a challenging supply chain environment, enables us to raise our 2026 revenue guidance for the second time this year. We continue to deliver quality growth while maintaining high profitability, generating significant cash flow while investing in production infrastructure and in the Company’s growth engines. In parallel, we continue to expand our production capabilities, develop new products and broaden our portfolio of solutions, alongside actively evaluating opportunities for strategic acquisitions. These steps are intended to strengthen the Company’s competitive advantage, deepen the value we provide to our customers and establish our growth engines for the years ahead.”

Financial Highlights for Q2 2026

Revenue in the second quarter grew 138% to $88.2 million, compared with $37.1 million in the same quarter last year. The growth reflects the Company’s ability to continue expanding its activity across several markets in parallel, while increasing production capacity and deepening its engagement with its global customer base. Europe and North America continue to be the Company’s principal demand engines, alongside the expansion of activity in additional markets.

The Company’s global customer base numbers more than 300 Western platform manufacturers, of which 150 were active during the first half of 2026.

Gross profit totaled $57.5 million, representing 65.2% of revenue. The gross margin remained within the Company’s target range, alongside continued growth in the scale of activity and deeper engagement with strategic customers, demonstrating the Company’s ability to continue expanding while maintaining high levels of profitability.

Operating profit totaled $51.8 million, compared with $23 million in the same quarter last year, reflecting an operating margin of 58.8%. The increase in the scale of activity, together with an efficient cost structure, support a high operating margin and demonstrates the Company’s ability to benefit from economies of scale while maintaining strong operational discipline.

Net profit totaled $53.6 million, more than double the $23.2 million recorded in the same quarter last year.

Cash flow from operating activities totaled $43.8 million, compared with $5.5 million in the same quarter last year, this growth comes alongside continued investment in inventory and in the expansion of production capabilities.

Inventory as of June 30, 2026 totaled $71.7 million, compared with $62 million at the end of the first quarter of the year. The increase in inventory is part of the Company’s strategy to expand production capabilities, strengthen the supply chain and improve operational flexibility, in order to support the continued increase in demand and to shorten delivery times to customers.

Order backlog as of August 9, 2026 totaled $265.2 million, and continues to provide the Company with high business visibility that supports the execution of its growth plan.

Increased 2026 Revenue Target: In light of the continued growth in the Company’s activity, the expansion of activity with strategic customers, the increase in production capabilities and its ability to translate demand for its products into accelerated growth, the Company is raising its revenue target for 2026 to $355 million, compared with a previous target of $315 million. The updated target reflects growth of 111% over 2025 revenue and represents the Company’s second increase to its revenue guidance this year.

Investors’ Conference Call

Today at 1:30pm Israel time, 6:30am Eastern Time, NextVision will hold an investor webinar in Hebrew to review the Financial Statements and provide an update on the Company’s ongoing activities, with the participation of the Company’s management.

Following that, at 3:30pm Israel time, 8:30am Eastern Time, NextVision will hold an investor webinar in English, with the participation of the Company’s management.

Participation in the webinar requires prior registration via the following links:

For the Hebrew Webinar:
https://us06web.zoom.us/webinar/register/WN_3FXEhLOhS7miu2MO8t9q-g#/registration

For the English Webinar:
https://us06web.zoom.us/webinar/register/WN_b6A5zXatTHu3ZNKxskbgeQ#/registration

The Company intends to publish a presentation shortly before the webinars, which will be presented during the event. Attendees will be able to submit questions in English or Hebrew, which will be translated and answered in English.

About NextVision Stabilized Systems Ltd.

NextVision is a leading technology company specializing in stabilized imaging systems for aerial and ground platforms, including micro and mini UAVs and drones. The company offers customers a comprehensive imaging solution encompassing a wide range of cameras, complementary accessories, and integrated capabilities for commercial, industrial, and security applications — positioning NextVision as a true ‘one-stop shop’.

NextVision has developed a patented image stabilization engine that enables the production of high-performance stabilized cameras with world-class size-to-weight ratios. This technology ensures stable, high-quality imagery even in demanding flight conditions. The company markets its products worldwide and continues to experience steady growth in its global customer base.

International Investor Relations

Ehud Helft
nextvision@ekgir.com
EK Global Investor Relations
(US) +1 212 378 8040

 

Condensed Statements of Financial Position

As of June 30

As of December 31,

2026

2025

2025

Unaudited

Audited

USD thousands

Current assets

Cash

20,319

42,580

85,440

 Short term deposits

571,135

67,424

476,857

Trade receivables

40,477

17,560

12,087

Current tax receivable

4,602

516

4,746

Other accounts receivable

13,021

4,819

5,275

Inventory

71,654

40,628

53,588

721,208

173,527

637,993

Non-current assets

Fixed assets

1,374

872

906

Right of use assets

4,568

3,187

2,770

Intangible assets

7,253

4,415

4,896

13,195

8,474

8,572

734,403

182,001

646,565

Current liabilities

Trade payables

22,194

10,078

8,679

Other accounts payable

34,093

14,191

18,067

56,287

24,269

26,746

Non-current liabilities

Lease liabilities

5,158

3,540

3,390

Employee benefit liabilities, net

151

114

151

Deferred taxes

883

515

588

6,192

4,169

4,129

Equity

Share capital and premium

458,777

47,112

446,328

Reserve for share-based payment

12,161

5,402

8,455

Retained earnings

200,986

101,049

160,907

Total equity

671,924

153,563

615,690

734,403

182,001

646,565

 

 

 

Condensed Statements of Comprehensive Income

For the six months
ended June 30

For the three months
ended June 30

For the year
ended
December 31

2026

2025

2026

2025

2025

Unaudited

Audited

USD thousands (excl. share profit data)

Income from sales

155,541

73,243

88,152

37,080

168,354

Cost of sales

(52,798)

(20,198)

(30,704)

(10,523)

(50,798)

Gross profit

102,743

53,045

57,448

26,557

117,556

Research and development expenses

(3,629)

(2,276)

(1,836)

(1,324)

(5,491)

Sales and marketing expenses

(1,666)

(877)

(939)

(430)

(1,874)

General and administrative expenses

(7,295)

(4,682)

(2,868)

(1,795)

(8,667)

(12,590)

(7,835)

(5,643)

(3,549)

(16,032)

Operating profit

90,153

45,210

51,805

23,008

101,524

Financing expenses

(861)

(152)

(741)

(120)

(313)

Financing income

12,254

4,089

6,261

2,159

13,453

Profit before tax

101,546

49,147

57,325

25,047

114,664

Income taxes

(9,635)

(5,351)

(3,677)

(1,824)

(11,000)

Net profit

91,911

43,796

53,648

23,223

103,664

Other comprehensive income (net of tax
  effects):

Amounts that will not be subsequently
  reclassified to profit or loss:

Loss from re-measurement for defined
  benefit plans

–

–

–

–

(10)

Total other comprehensive loss

–

–

–

–

(10)

Total comprehensive income

91,911

43,796

53,648

23,223

103,654

Net profit per share (in US dollars)

Base net profit

1.001

0.542

0.583

0.286

1.235

Diluted net profit

0.968

0.522

0.565

0.275

1.106

 

 

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Allucent Appoints Chief Medical Officer and Infectious Disease Therapeutic Strategy Head

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Hubert Bland and Norman Waters strengthen Allucent’s specialized expertise and integrated support for life cycle drug development

CARY, N.C., Nov. 10, 2026 /PRNewswire/ — Allucent, a global specialty CRO purpose-built for small and mid-sized biopharma companies, today announced the appointments of Hubert Bland, MBChB, FFPM, as chief medical officer (CMO) and Norman Waters, PhD, FASTMH, as therapeutic strategy head for Allucent’s Center of Expertise (ACE) in infectious disease.

As CMO, Hubert will guide medical and safety strategy in partnership with sponsors, working across Allucent’s clinical, regulatory, and therapeutic teams to inform clinical planning and medical decision-making. Norman will lead Allucent’s Infectious Disease ACE, supporting both commercial and government-funded programs. The ACE integrates scientific, regulatory, and operational expertise to address the unique challenges of infectious disease drug development. Allucent’s ACE model also includes Oncology & Hematology, Neuroscience, and Immunology & Inflammation, each with dedicated therapeutic leadership supported by integrated expertise.

“Hubert and Norman each bring distinct expertise and insights to help small and mid-sized biopharma companies navigate drug development,” said Patrick Phillips, COO of Allucent. “Hubert has extensive experience leading medical affairs, pharmacovigilance, and patient safety across global pharmaceutical companies and CROs. His perspective from both sides of drug development will be particularly valuable in helping clients navigate the medical, safety, and regulatory demands of advancing new therapies.”

Phillips continued, “Norman’s experience leading infectious disease product development across a range of indications and modalities, including during his 31-year U.S. Army career, positions him to guide both commercial sponsors and government partners through the scientific and development challenges of advancing vaccines and therapeutics for infectious diseases. More broadly, his appointment underscores our continued focus on delivering the specialized therapeutic expertise our clients need from their CRO partner.”

Hubert Bland, Chief Medical Officer

Hubert brings more than 30 years of experience in medical affairs, pharmacovigilance, patient safety and drug development across CROs, global pharmaceutical companies and academic organizations. Most recently, he served as vice president and UK country medical director at GSK, leading the UK medical affairs organization and overseeing safety governance, regulatory compliance, and operational performance. Previously, as vice president of medical services at a CRO, he directed global medical programs for more than 50 pharmaceutical and biotechnology clients annually, providing medical and safety oversight across clinical development and post-marketing. His experience in both sponsor and CRO settings provides perspective on the challenges of advancing new therapies.

Norman Waters, Therapeutic Strategy Head, Infectious Disease

Norman brings more than 25 years of experience in infectious disease research and product development, including extensive work during his 31-year U.S. Army career. His expertise spans vaccines, therapeutics and emerging infectious disease threats. At Allucent, he is responsible for shaping the Infectious Disease Center of Expertise strategy and developing clinical development and operational approaches across indications, modalities and geographies. Previously, he held senior leadership roles at the Sabin Vaccine Institute, the U.S. Army Medical Materiel Development Activity (USAMMDA), the Armed Forces Research Institute of Medical Sciences (AFRIMS) and the Walter Reed Army Institute of Research. At Sabin, he led clinical development and operations for Marburg and Sudan virus vaccine programs, including Phase II trials across U.S. and African sites. A retired U.S. Army colonel, Norman has a proven track record of advancing infectious disease products through complex clinical development and coordinating cross-functional teams.

About Allucent

Allucent is a global, tech-enabled, specialty CRO built for small and mid-sized biopharma companies tackling complex science. Allucent’s integrated approach spanning clinical pharmacology, regulatory strategy, quantitative sciences, and global trial operations is delivered by an A-team of former regulators, leading scientists, and senior clinical experts. With 1,100+ studies conducted across 75+ countries and more than 155,000 patients, Allucent’s combination of global reach plus deep expertise across core therapeutic areas and rare indications enables partners to move faster, reduce risk, and reach critical milestones with confidence. Visit Allucent.com for more information.

MEDIA CONTACT:
Heather Shea heather.shea@catalyticagency.com

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Nearwater Capital Appoints Amar Kuchinad as President

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Former SEC advisor and Goldman Sachs Managing Director joins Nearwater, bringing 30 years of markets, regulatory and operating leadership as the firm enters its next phase of growth

NEW YORK, Nov. 10, 2026 /PRNewswire/ — Nearwater today announced the appointment of Amar Kuchinad as President. Kuchinad will report to James Peterson, Managing Partner and founder of Nearwater, and will serve as a member of the firm’s senior leadership team. The appointment reflects Nearwater’s continued investment in senior talent as it broadens its platform and deepens its client relationships.

As President, Kuchinad will lead all of Nearwater’s operating and corporate functions, enabling the firm’s business heads to stay focused on clients and on growing the franchise. Working alongside them, he will focus on strengthening the infrastructure, controls and organizational capabilities that support Nearwater’s Risk Retention, Liquid Markets and Capital Markets businesses across the United States, Europe and Canada.

“Amar brings a rare combination of market, regulatory and operating experience,” said James Peterson, Managing Partner of Nearwater. “He has built and led a regulated trading platform, overseen technology, data and risk at a global asset manager, and served as a policy advisor at the SEC. As we expand our business and the breadth of what we deliver for clients, Amar’s leadership will ensure that our platform, infrastructure and controls framework keep pace with our ambitions. Adding a leader of his caliber strengthens our senior team for the growth ahead. We are delighted to welcome him to the firm in this role.”

“Nearwater has built a differentiated franchise to address a complex and highly regulated need in capital markets, and I am incredibly excited to join the team in this capacity,” said Kuchinad. “I look forward to working with James and the entire leadership team to expand the platform and capabilities that will support the firm’s next chapter of growth and allow it to serve clients at even greater scale.”

Kuchinad joins Nearwater from Copper, the digital asset infrastructure and custody firm, where he most recently served as CEO. Previously, he was a Senior Managing Director at Pretium Partners, where he oversaw technology, data, analytics and risk across the firm and its operating subsidiaries.

Earlier in his career, Kuchinad co-founded and served as CEO of Electronifie, an SEC-registered electronic corporate bond trading platform that was later acquired by Trumid. He also served as a Senior Policy Advisor at the U.S. Securities and Exchange Commission, and was a Managing Director at Goldman Sachs, where he headed U.S. Portfolio Credit Trading. Kuchinad holds an AB in Applied Mathematics from Harvard University.

About Nearwater

Nearwater is the established leader in developing and delivering innovative, client-driven capital and asset-based financing solutions to the world’s leading banks, asset managers, sponsors and originators. Through its integrated Risk Retention Solutions, Liquid Markets and Capital Markets businesses, Nearwater combines flexible capital, market expertise, structuring capabilities and regulated infrastructure to help clients address funding, liquidity, balance-sheet, and regulatory-capital objectives. Nearwater Capital Markets, Limited is registered with the U.S. Securities and Exchange Commission as a security-based swap dealer, and Nearwater Capital Markets Europe, Limited is a MiFID investment firm regulated by the Central Bank of Ireland.

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Thesis Elements Expands Support for Student Course Scheduling and Enrollment Analytics

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Mappify, a course scheduling and enrollment analytics platform, will help colleges and universities improve the student registration experience and make more informed scheduling decisions.

CHESTERFIELD, Mo., Nov. 10, 2026 /PRNewswire/ — Thesis America, provider of the Elements student information system (SIS), has acquired Mappify, a platform that helps colleges and universities improve course scheduling for students and gain better insight into enrollment trends.

Mappify gives institutions a public-facing course scheduling tool for students, along with enrollment analytics for registrars, academic leaders, and other higher education decision makers. The platform uses data institutions already maintain in their SIS, making it easier to improve the registration experience and make informed decisions about course offerings.

“Institutions are working hard to give students the courses they need while managing enrollment, faculty, and classroom resources,” said Jason Duggan, CEO of Thesis Elements. “Mappify gives higher ed a practical way to see what’s happening during registration and respond when it matters. It’s a great addition to what we offer, and we’re excited to make it available to more colleges and universities.”

Helping students and institutions make better use of registration data

For students, Mappify makes it easier to find courses and build a schedule that works. Students can check course availability, avoid scheduling conflicts, account for work and other commitments, and explore alternatives when a section fills. Advisors can share recommended schedules directly with students, giving them a useful starting point for conversations about course selection and academic progress.

For institutional leaders, Mappify provides a timelier view of registration. Teams can see which sections are filling, where enrollment is lagging, and which courses may be making it harder for students to get the schedules they need. Enrollment heatmaps, section consolidation tools, and reporting features help institutions evaluate demand and make better-informed decisions about course offerings and resource allocation.

Too often, those issues become clear only after registration has progressed or the term has begun. Mappify helps institutions identify potential problems earlier, when there may still be time to respond.

“A student picking classes is solving a puzzle: work shifts, a commute, a lab that has to line up with a lecture. Most schedule pages leave them to solve it alone. Mappify lets them see what’s open, what conflicts, and what their backup is when a section fills, before registration day and not in the middle of it,” said Travis Cattron, creator of Mappify. “There’s a lot of useful information in an institution’s SIS, but getting that information into a form people can use isn’t always easy. Joining Thesis is an opportunity to bring Mappify to more institutions and keep building on what we’ve started.”

Designed to fit existing systems

Mappify works with data institutions already maintain by using a lightweight export script and API endpoints, eliminating the need for new servers or complex middleware. Institutions can brand the public-facing schedule to match their identity and configure data refreshes to meet their needs, with updates available as often as every minute during peak registration periods.

Most institutions can go live in less than three weeks, according to Mappify, giving colleges a way to introduce new scheduling and analytics capabilities without a lengthy implementation project.

Mappify will be available to Thesis Elements clients as well as a standalone solution for higher education institutions using other student information systems.

About Thesis Elements

Thesis Elements is a cloud-based Student Information System purpose-built for small to midsize institutions. Elements drives operational efficiency with an affordable, user-friendly system that provides critical operations and administration functions to improve student success, enable faster financial aid decisions and easier federal and state reporting, and integrate with an institution’s campus technology ecosystem, including LMS, CRM and ERP systems. Built directly into Elements is Aristotle, an agentic AI layer that lets staff simply ask for what they need — querying, planning, and acting on their own data through natural conversation or automated workflows — turning what used to be long, manual processes into a quick prompt and freeing teams to focus on students, not busywork. With an average implementation time of under 12 months, Elements uses modern technology designed to help future-proof the institution to streamline operations, improve access to essential student data and increase self-service tools for students. Backed by a dedicated user community, Elements evolves based on real-world feedback to better serve the needs of smaller institutions. Founded in 2020, Thesis Elements is a business unit of Thesis America. For more information, visit www.siselements.com.

About Mappify

Mappify helps colleges and universities improve course scheduling and understand enrollment trends. Its platform combines a public course schedule and tools with enrollment analytics that help institutions team evaluate course demand and make informed scheduling decisions. Learn more at www.getmappify.com.

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