Standalone revenue up ~57% YoY, EBITDA more than doublesConsolidated EBITDA loss narrower YoY; margin under pressure

NEW DELHI, Aug. 10, 2026 /PRNewswire/ — Exicom Tele-Systems Limited (BSE: 544133) (NSE: EXICOM), one of India’s leading EV charging and critical power companies, today announced its financial results for the first quarter of FY27. Standalone revenue rose ~57% year on year to ₹237 crore and EBITDA more than doubled to ~₹21 crore, lifting the EBITDA margin for Q1 to 8.8%. On a Consolidated basis, revenue grew 61% to ₹331 crore, with the EBITDA loss narrowing to ~₹22 crore from ~₹39 crore last year.

A Quarter That Moved the Year Forward, With Margin Still to Follow

Measured against the same quarter last year, both businesses grew strongly and consolidated losses narrowed. Revenue and profitability, however, declined sequentially, from Q4 FY26, as is usually the case in the first quarter. Most of the gap is visible in the (consolidated) gross margin – 31.7% against 39.4% a year ago. A bulk of this can be attributed to the external cost environment including exchange rate volatility and input cost pressures owing to key component prices. We are addressing it at source, building resilience into our supply chain. Underneath the quarterly numbers, both businesses built a strong order book.

EV Charging: A Quarter Spent Winning the Year’s Business

India’s EV market marked a pivotal moment this quarter, crossing 80,000 electric four-wheeler sales for the first time. A market of that size gives Exicom a materially larger base to sell into, across home charging and the public networks operators build. On the AC side, Exicom recorded a YoY growth of 35% in Q1 FY27. DC sales ran softer, as the first quarter is when charging network operators set budgets and plan sites. Exicom’s India EV business grew revenue 15% year-on-year, and order booking stayed healthy. Some of the key business highlights are captured below:

On AC charging, Exicom became sole supplier of 7.4 kW units to a leading carmaker. The company strengthened its flagship Spin Air AC charging portfolio with the launch of an AI-chatbot – SpinWise and a new generation of its Spin Control app which now has public charger discoverability, real-time tracking and seamless support. Looking ahead, with EV makers forecasting much higher volumes owing to the market buoyancy, Exicom is working towards doubling its AC line capacity starting Q3.Across public charging, Exicom brought on fifteen new charge point operators, securing orders for over 180 DC chargers with Bus/Truck OEMs and Charging Network operators till October 2026. Exicom also renewed its long-term partnership with a leading e-trucking company.On the product side, Exicom introduced Slim DC chargers; sub-100 kW DC charging for dense commercial spaces. These Slim series chargers are enabled with smart tech features like Ring Topology which enables inter-charger power sharing to maximize efficiencies and throughputs.In exports, Exicom expanded its global footprint with orders from ten new countries, widening the base, while maintaining steady momentum across Southeast Asia and Middle East markets. The company also undertook extensive product development efforts, building an end-to-end ecosystem for selling custom-built and certified AC and DC chargers in specific European markets.

Tritium: Order Intake Steps Up as Next-Generation Products Reach Customers

Tritium recorded a revenue of USD 10.3 million and 508 charger sales in the current quarter. The next phase of Tritium’s progress is now showing in its order book. During the quarter the business booked USD 20.8 million in orders, roughly double the previous quarter. Its newest high power charging system TRI-FLEX is under lab validation with the largest open public charging network in the US and on the power side, the first GRID-FLEX system started to operate at a hyperscale customer in June 2026. These developments, together with a strengthening order book, should support meaningful scale from Q2 FY27 onwards and keep Tritium on track for EBITDA breakeven in Q4 FY27.

Critical Power: A Quarter That Built the Order Book

Critical Power revenue grew 80% year on year, carried largely by 5G site expansion by leading telcos and Bharat Net Phase 3, where Exicom holds over 60% wallet share. Company’s Battery Energy Storage Systems (BESS) portfolio which consists of solutions up to 300 kWh for home and C&I segment also added 14 customers and close to ₹20 crore bookings in Q1, an early base we expect to scale in FY27. Export markets continued to perform well with Africa and the Middle East contributing to 8% of revenues.

Remarking on the performance, Anant Nahata, Managing Director and CEO, Exicom, said: “Against the same quarter last year this is a stronger business. The Q1 revenue trajectory materialised as planned, however, cost pressure took more out of margins than what we anticipated. Looking at FY27, we are excited to see the EV market expand beyond its current shape and form. I am confident about the year ahead, and that confidence comes from where both our businesses now sit, with more customers, more geographies, a deeper order book, and commitments that deliver through FY27.”

About Exicom:

Exicom is one of India’s leading EV charging and Critical Power solutions manufacturer, present across the entire EV charger value chain with a host of products across both AC & DC charger segments and is spearheading India’s transition to sustainable transportation while ensuring the smooth functioning of critical infrastructure. With a wealth of expertise across its divisions, Exicom’s critical power solutions serve as the backbone of communication networks, delivering uninterrupted power supplies crucial for telecom infrastructure. With a footprint spanning India, Southeast Asia, Middle East, US, Europe and over 200,000 chargers sold worldwide, Exicom is at the forefront of shaping the global EV charging landscape.

Certain statements in this release may be forward-looking statements within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed or implied depending upon economic conditions, government policies and other incidental factors.

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SANTA CLARA, Calif., Aug. 10, 2026 /PRNewswire/ — Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will report its second quarter 2026 unaudited financial results after the market closes on Monday, August 24, 2026.

Tuya’s management will hold a conference call at 08:30 P.M. Eastern Time on Monday, August 24, 2026 (08:30 A.M. Hong Kong Time on Tuesday, August 25, 2026) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a unique PIN (personal access code) to join the call as well as an email confirmation with the details.

Participants Online Webcast Registration: https://edge.media-server.com/mmc/p/x8phnjqd

Participants Call Registration: https://register-conf.media-server.com/register/BI2992f21177c7423c83ce142eb2ef031c

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.tuya.com.

About Tuya Inc.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AI developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, AI application & others and Smart home & robot products for developers of smart device, commercial applications, and industries. Through its AI developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Investor Relations Contact

Tuya Inc.
Investor Relations
Email: ir@tuya.com

HL Strategy
Haiyan LI-LABBE
Email: hl@hl-strategy.com

Piacente Financial Communications
China Tel: +86-10-6508-0677
U.S. Tel: +1-212-481-2050
Email: tuya@thepiacentegroup.com

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SOURCE Tuya Inc.

Personalizing learning is AI’s biggest benefit, according to 42% of parents; double the share who cite preparing students for future careers.

MIAMI, Aug. 10, 2026 /PRNewswire/ — More than three-quarters of U.S. parents (76%) support at least some use of artificial intelligence in schools, and nearly eight in ten (78%) say a school’s approach to AI matters when evaluating education options for their child, according to a new national survey conducted by the National School Choice Awareness Foundation (NSCAF).

While parents generally support AI in education, they are most persuaded by its potential to help meet students’ individual learning needs. Asked which argument in favor of AI they find most compelling, the largest share of parents (42%) selected AI’s ability to personalize learning to each student’s needs and pace, more than double the share who cited preparing students for AI-driven careers (21%). Smaller shares pointed to AI’s ability to provide instant feedback and tutoring support (12%), make learning more engaging (7%), or give teachers more time for individualized attention (6%).

“Finding the ‘right fit’ and personalizing the choice of a school for each child has become the goal of school choice,” said Shelby Doyle, senior vice president of policy and national partnerships at the National School Choice Awareness Foundation. “What’s interesting to me is that parents are bringing that lens to how they think about the decisions that happen inside the school itself, focusing on AI’s potential to personalize education first and foremost.”

Parents’ support for AI is accompanied by clear concerns about how it should be used. Nearly half (48%) say their biggest concern is that AI could make students too dependent on technology. Others cite concerns about cheating (16%) and weakened critical thinking skills (12%).

“Parents aren’t looking for technology to replace teachers,” Doyle said. “They’re looking for thoughtful approaches that use technology to support learning while preserving the critical thinking, creativity, and relationships that remain essential to a quality education.”

The survey also found that parents are approaching the new school year with a mix of emotions. Nearly nine in ten parents (88%) say they are at least somewhat excited about back-to-school season, while 67% also report feeling at least somewhat stressed.

This report is based on a survey of 2,053 U.S. parents of school-aged children ages 4–17, conducted by the National School Choice Awareness Foundation from July 24 to July 31, 2026, using SurveyMonkey’s national audience panel. Results were weighted to reflect the national population of parents by key demographic characteristics, including age and gender. The margin of error is ±2.2 percentage points at the 95% confidence level.

The full results of the survey are available at https://myschoolchoice.com/opportunities/survey-july-2026.

The National School Choice Awareness Foundation (NSCAF) raises broad and positive awareness of school choice through three charitable programs: Navigate School Choice and Conoce tus Opciones Escolares, which focus on researching, developing, and promoting comprehensive, unbiased school navigation resources for families, as well as National School Choice Week, which celebrates effective education options each January. NSCAF does not advocate for or oppose legislation at any level of government and is steadfastly nonpartisan and nonpolitical.

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SOURCE Navigate School Choice