Amazon Workers Call on City Council, Mayor Mamdani to Pass Logistics Safety Bill

NEW YORK, Aug. 13, 2026 /PRNewswire/ — Amazon Teamsters and their allies held an informational picket today to call for passage of the Delivery Protection Act outside of New York City Hall. The action came just three days after the Teamsters held a massive rally in support of the bill and it secured the endorsement of both New York Mayor Zohran Mamdani and a supermajority of the New York City Council.

“Amazon Teamsters in New York City have experienced illegal firings, unsafe working conditions, and even bribery attempts from Amazon managers just within the last year. It is well past time to hold Amazon accountable in the five boroughs,” said Randy Korgan, Director of the Teamsters Amazon Division. “The city council needs to do the right thing, stand with the workers who make New York City run, and pass the Delivery Protection Act immediately.”

The Delivery Protection Act would require companies like Amazon to hire its workforce directly, essentially making Amazon’s corrupt third-party “Delivery Service Partner” model illegal in New York City. Amazon uses the DSP model to underpay workers, ignore unsafe working conditions, and shield itself from accountability when it breaks the law or endangers communities. Injuries and other safety issues have skyrocketed in recent years as Amazon facilities have expanded across the city.

“For too long, companies like Amazon have operated in our city like it’s the wild west, ignoring workers’ rights, putting our communities in danger, and acting with impunity,” said Tiffany Cabán, NYC Councilmember (D-22nd District) and author of the Delivery Protection Act. “Mark my words, we will pass the Delivery Protection Act to keep workers and our streets safe and to end the charade of huge corporations hiding behind third party contractors to evade accountability. We now have a supermajority of the Council co-sponsoring the bill and it’s time to put it to a vote.”

“New Yorkers should be able to count on convenient delivery without sacrificing safe jobs, safe streets, or basic accountability from the companies profiting from this system. The Delivery Protection Act will establish stronger protection for worker safety, employment, and responsible operations while bringing long-overdue oversight to an industry where major operators have too often hidden behind subcontractors,” said Brendan Griffith, President of the New York City Central Labor Council. “To be clear: when these companies ‘raise the alarm’ of fewer jobs, higher prices, or service reductions, they are describing choices that they may make, not in the best interest of consumers and workers, but to protect their bottom line. With the Mayor’s support and a supermajority of support in the City Council, it’s time to bring the Delivery Protection Act over the finish line and put New York City’s workers — who are also consumers — first.”

“United Auto Workers Region 9A is proud to stand with Teamsters Local 804, Amazon Teamsters, and the entire union, along with our legislative allies like bill sponsor Tiffany Cabán and Mayor Mamdani in calling on the City Council to pass the Delivery Protection Act,” said Brandon Mancilla, Director of UAW Region 9A. “Today, New York City can make a choice to side with working New Yorkers over billionaire Bezos. The UAW will always stand on the side of the working class against corporate greed, and with 34 sponsors and the mayor’s support we call on this bill to heard, because these workers should not have to wait any longer!”

“Our union supports the Delivery Protection Act because no corporation should be allowed to profit off the labor of working people while avoiding responsibility for worker and community safety,” said Nancy Higgins, President of the New York State Nurses Association. “It’s time that big, private companies like Amazon are held accountable for the working conditions they create.”

“For years, companies like Amazon have used subcontracting schemes to dodge accountability for how they treat their workforce. The Delivery Protection Act closes that loophole to give Amazon workers the protections they deserve,” said Antonio Reynoso, Brooklyn Borough President. “These workers keep our city moving, and they deserve to do their job safely and with dignity. I’m proud to stand with the Teamsters and call on the City Council to pass the Delivery Protection Act now.”

“From exploiting workers to polluting communities with unregulated last-mile facilities, Amazon has harmed working-class communities like mine for long enough,” said Alexa Avilés, NYC Councilmember (D-38th District). “I’m proud to join Teamsters and concerned New Yorkers in advocating for the transformative Delivery Protection Act. It’s time for Amazon to stop hiding and start paying up to protect their workers. Our communities suffer from the vast, unregulated truck emissions coursing through our neighborhoods. And the workers in those trucks suffer from dangerous and unlivable conditions. Major corporations don’t get to call the shots in New York City, and the Delivery Protection Act will make that clear.”

“The Delivery Protection Act is a needed step in holding accountable major corporations that have built their business on an unsafe and unfair subcontracting system,” said Selvena N. Brooks-Powers, NYC Councilmember (D-31st District). “This system protects them from responsibility while leaving workers vulnerable. I’m grateful to Councilmember Cabán for her leadership on such a critical issue, and proud to stand in solidarity with the Teamsters today. With this legislation, workers can no longer be fired without respect for their rights, and they’ll be given the tools they need to stand up for themselves.”

“Every Amazon package delivered in New York City passes through the hands of a worker that the company must ultimately be responsible for,” said Yusef Salaam, NYC Councilmember (D-9th District). “Amazon’s DSP structure isn’t an accident. It’s a bad business model, and it treats human beings as disposable. The Delivery Protection Act will end it. If you profit from a workers’ labor, you employ them directly. This means providing them with real training, real notice before termination, and real protection from retaliation. I’m proud to join with the Teamsters and my colleagues to pass this bill.”

“Amazon’s cowardly business model lets them hide behind third parties and dodge responsibility while workers and our neighbors get hurt,” said Theodore Moore, ALIGN Executive Director and leader of the New Yorkers for a Fair Economy coalition. “The Delivery Protection Act will deliver justice for Amazon workers and make a trillion-dollar corporation take responsibility for their part in our city’s safety. Today, we’re standing with workers to say enough is enough — let’s bring this bill to a vote.”

Founded in 1903, the International Brotherhood of Teamsters represents over 1.3 million hardworking people in the U.S., Canada, and Puerto Rico. Visit Teamster.org for more information. Follow us on X @Teamsters and on Facebook at Facebook.com/teamsters.

Contact:
Matt McQuaid, (771) 241-0015
mmcquaid@teamster.org 

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SOURCE International Brotherhood of Teamsters

Forty-Second Consecutive Period of Record Revenue

TUCSON, Ariz., Aug. 13, 2026 /PRNewswire/ — AudioEye, Inc. (Nasdaq: AEYE) (“AudioEye” or the “Company”), an industry-leading digital accessibility company, reported financial results for the second quarter ended June 30, 2026.

“This was an outstanding quarter with our forty-second quarter of sequential revenue growth and low double-digit year-over-year ARR growth. Adjusted EBITDA and free cash flow have reached a pivotal point, and GAAP net loss improved sequentially from the first quarter. We are raising our full year adjusted EBITDA guidance and expect to achieve over $15 million of annualized run rate adjusted EBITDA by the end of the year, with meaningful free cash flow generation in the second half of 2026. As our free cash flow continues to scale, we are evaluating options to deploy excess cash, including potential share buybacks and dividends,” said Kelly Georgevich, Chief Executive Officer of AudioEye.

Second Quarter 2026 Financial Results

Annual Recurring Revenue (“ARR”) as of June 30, 2026, increased sequentially to $42.3M from $41.2M as of March 31, 2026, and increased 11% compared to June 30, 2025.Total revenue increased 9% to a record $10.7M from $9.9M in the same prior year period.Gross profit increased to $8.4M (79% of total revenue) from $7.6M (77% of total revenue) in the same prior year period. The increase in gross profit was driven by continued revenue growth.Adjusted gross margin, which is defined as gross margin adjusted for non-cash items such as stock-based compensation and depreciation and amortization expenses in cost of revenue, was 84% in the second quarter of 2026 compared to 83% in the same prior year period.Operating expenses were $9.0M, an increase of 23% from the comparable prior year period. The increase was primarily due to the prior year quarter including a one-time gain on revaluation of contingent consideration of $1.4M, which did not recur in the current quarter, as well as increased general and administrative expenses in the current quarter, primarily driven by higher litigation expenses.Net loss was $0.9M, or $(0.07) per share, compared to a net loss of $0.0M, or $(0.00) per share, in the same prior year period. The prior year comparable period included a $1.4M one-time gain on revaluation of contingent consideration. Removing this impact, net loss improved due primarily to higher gross profit.Adjusted EBITDA in Q2 2026 was a record $3.0M, and adjusted EPS was $0.23 per share, compared to adjusted EBITDA of $1.9M and adjusted EPS of $0.15 per share in the same prior year period. For Q2 2026, the adjusted EBITDA and adjusted EPS results reflect adjustments primarily for stock-based compensation expense, litigation expense, depreciation and amortization, severance expense, and interest expense.At June 30, 2026, the Company had $8.7M in cash and cash equivalents, an increase of $0.1M from March 31, 2026.

Other Updates

AudioEye released the 2026 Digital Accessibility Index on June 25, 2026, scanning over 165,000 pages across 6,100 domains in the U.S. and Europe. The findings revealed a consistent gap between where accessibility programs focus and where risk is the highest, as AI search increasingly routes users past the homepage to less compliant interior pages. The scans also revealed that European sites averaged 25% more accessibility issues per page than U.S. sites.AudioEye appointed Matthew Domeyer as Chief Financial Officer, effective in July 2026. Matt brings finance leadership experience from Flexsteel Industries and PricewaterhouseCoopers, and succeeds Kelly Georgevich, who transitioned from CFO to CEO in May 2026.As of June 30, 2026, AudioEye had approximately 129,000 customers, an increase of 9,000 year-over-year from June 30, 2025, driven by increases in the Partner and Marketplace channel.

Financial Outlook
AudioEye expects revenue of between $10.85M and $11.05M for the third quarter of 2026 and between $43.5M and $44.0M for the full year 2026. The Company expects adjusted EBITDA of between $3.4M and $3.6M for the third quarter of 2026 and at least $12.7M of adjusted EBITDA, or 40% year-over-year growth, for the full year 2026. The Company expects adjusted EPS of between $0.26 and $0.28 per share for the third quarter of 2026 and at least $0.98 per share for the full year 2026.

Conference Call Information
AudioEye management will hold a conference call today, August 13, 2026, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results, followed by a question-and-answer period.

Date: Thursday, August 13, 2026
Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time)
U.S. dial-in number: 877-407-8289
International number: 201-689-8341
Webcast: Q226 Webcast Link

Please call the conference telephone number 5-10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.

The conference call will also be webcast live and available for replay via the investor relations section of the Company’s website. The audio recording will remain available via the investor relations section of the Company’s website for 90 days.

A telephonic replay of the conference call will also be available after 7:30 p.m. Eastern Time on the same day through August 27, 2026 via the following numbers:

Toll-free replay number: 877-660-6853
International replay number: 201-612-7415
Replay passcode: 13761919

Due to rounding, numbers presented throughout this document may not add precisely to the totals provided and percentages may not precisely reflect the absolute figures.

About AudioEye
AudioEye exists to ensure the digital future we build is accessible. The gold standard for digital accessibility, AudioEye’s comprehensive solution combines industry-leading AI automation technology with expert fixes informed by the disability community. This powerful combination delivers industry-leading protection, ensuring businesses of all sizes – including over 129,000 customers such as Samsung, Lands’ End, and Samsonite – meet and exceed compliance standards. With 25 US patents, AudioEye’s solution includes 24/7 accessibility monitoring, automated WCAG issue testing and fixes, expert testing, developer tools, and legal protection, empowering organizations to confidently create accessible digital experiences for all.

Forward-Looking Statements
All statements in this press release about AudioEye’s expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance are not historical facts and are “forward-looking statements” as that term is defined under the federal securities laws. Forward-looking statements are often, but not always, made through the use of words or phrases such as “believe”, “anticipate”, “should”, “confident”, “intend”, “plan”, “will”, “expects”, “estimates”, “projects”, “positioned”, “strategy”, “outlook” and similar words. You should read the statements that contain these types of words carefully. Such forward-looking statements contained herein include, but are not limited to, statements regarding future cash flows of the Company, anticipated contributions from new sales channels, long-term growth prospects, opportunities in the digital accessibility industry, our revenue, adjusted EBITDA, adjusted EPS and ARR guidance, and our expectation of investments in marketing and sales. These statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements, including the variability of AudioEye’s revenue and financial performance; sales channels and offerings; product development and technological changes; the acceptance of AudioEye’s products in the marketplace; the effectiveness of our integration efforts; competition; inherent uncertainties and costs associated with litigation; and general economic conditions. These and other risks are described more fully in AudioEye’s filings with the Securities and Exchange Commission. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Forward-looking statements reflect management’s view as of the date of this press release, and AudioEye urges you not to place undue reliance on these forward-looking statements. AudioEye does not undertake any obligation to update such forward-looking statements to reflect events or uncertainties after the date hereof.

About Key Operating Metrics
We consider annual recurring revenue (“ARR”) as a key operating metric and a key indicator of our overall business. We also use ARR as one of the primary methods for planning and forecasting overall expectations and for evaluating, on at least a quarterly and annual basis, actual results against such expectations.

We manage customers through two primary channels, Enterprise and Partner and Marketplace. Enterprise channel consists of our larger customers and organizations, including those with non-platform custom websites, who generally engage directly with AudioEye sales personnel for custom pricing and solutions. This channel also includes federal, state and local government agencies. The Partner and Marketplace channel consists of our CMS partners, platform & agency partners, authorized resellers and our marketplace. This channel serves small and medium sized businesses who are on a partner or reseller’s web-hosting platform or who purchase an AudioEye solution from our marketplace.

We define ARR as the sum of (i) for our Enterprise channel, the total of the annualized recurring fee at the date of determination under each active contract, plus (ii) for our Partner and Marketplace channel, the annual or monthly recurring fee for all active customers at the date of determination, in each case, assuming no changes to the subscription, multiplied by 12 if applicable. Recurring fees are defined as revenues expected to be generated from services typically offered as a subscription service or annual service offering such as our automation and platform, periodic auditing, human-assisted technological fixes, legal support and professional service offerings and other services that reoccur on a multi-year contract. This determination includes both annual and monthly contracts for recurring products. Some of our contracts are terminable prior to the expected term, which may impact future ARR. ARR excludes non-recurring fees, which are defined as revenue expected to be generated from services typically not offered as a subscription service or annual service offering such as our PDF remediation services business, one-time mobile application reports, and other miscellaneous services that are offered as non-subscription services or are expected to be one-time in nature.

Use of Non-GAAP Financial Measures
From time to time, we review adjusted financial measures that assist us in comparing our operating performance consistently over time, as such measures remove the impact of certain items, as applicable, such as our capital structure (primarily interest charges), certain non-cash items, including stock compensation and depreciation and amortization expense, and other expenses that do not relate to our core operations, including significant transaction and litigation-related expenses and other costs that are expected to be non-recurring. In order to provide investors with greater insight and allow for a more comprehensive understanding of the information used in our financial and operational decision-making, the Company has supplemented the consolidated financial statements presented on a GAAP basis in this press release with the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share (adjusted EPS) and Adjusted gross margin.

These non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of Company results as reported under GAAP. The Company compensates for such limitations by relying primarily on our GAAP results and using non-GAAP financial measures only as supplemental data. We also provide a reconciliation of non-GAAP to GAAP measures used. Investors are encouraged to carefully review this reconciliation. In addition, because these non-GAAP measures are not measures of financial performance under GAAP and are susceptible to varying calculations, these measures, as defined by us, may differ from and may not be comparable to similarly titled measures used by other companies.

Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Earnings (Loss) per Diluted Share
We define: (i) Adjusted EBITDA as net income (loss), plus interest expense, plus depreciation and amortization expense, plus stock-based compensation expense, less change in fair value of contingent consideration, plus certain litigation expense, plus certain acquisition expense, plus certain severance expense, plus loss on disposal or impairment of long-lived assets, plus loss on extinguishment of debt, and plus lost deposit on alternative financing; (ii) Adjusted EBITDA margin as Adjusted EBITDA as a percentage of GAAP revenue; and (iii) Adjusted earnings (loss) per diluted share (EPS) as net income (loss) per diluted common share, plus interest expense, plus depreciation and amortization expense, plus stock-based compensation expense, less change in fair value of contingent consideration, plus certain litigation expense, plus certain acquisition expense, plus certain severance expense, plus loss on disposal or impairment of long-lived assets, plus loss on extinguishment of debt, and plus lost deposit on alternative financing, each on a per share basis. Adjusted earnings per diluted share includes incremental shares in the share count that are considered anti-dilutive in a GAAP net loss position.

Adjusted Gross Margin
We define Adjusted gross margin as gross profit, plus stock-based compensation expense and depreciation and amortization expense allocated to cost of revenue, expressed as a percentage of total revenue.

Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share, and Adjusted gross margin are used to facilitate a comparison of our operating performance on a consistent basis from period to period and provide for a more complete understanding of factors and trends affecting our business than GAAP measures alone. All of the items adjusted in these calculations are either recurring non-cash items or items that management does not consider in assessing our ongoing operating performance. In the case of the non-cash items, such as stock-based compensation expense and valuation adjustments to assets and liabilities, management believes that investors may find it useful to assess our comparative operating performance because the measures without such items are expected to be less susceptible to variances in actual performance resulting from expenses that do not relate to our core operations and are more reflective of other factors that affect operating performance. In the case of items that do not relate to our core operations, management believes that investors may find it useful to assess our operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance.

Adjusted EBITDA is not a measure of liquidity under GAAP, or otherwise, and is not an alternative to cash flow from continuing operating activities, despite the advantages regarding the use and analysis of these measures as mentioned above. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share, and Adjusted gross margin, as disclosed in this press release, have limitations as analytical tools, and you should not consider these measures in isolation or as a substitute for analysis of our results as reported under GAAP; nor are these measures intended to be measures of liquidity or free cash flow.

To properly and prudently evaluate our business, we encourage readers to review the consolidated GAAP financial statements included in this press release and not rely on any single financial measure to evaluate our business. Reconciliations of Adjusted EBITDA to net loss, the most directly comparable GAAP-based measure, Adjusted earnings (loss) per diluted share to net loss per diluted share, the most directly comparable GAAP-based measure, and Adjusted gross margin to gross margin, the most directly comparable GAAP-based measure are provided in tables later in this press release. We strongly urge readers to review these reconciliations, along with the financial statements included in this press release.

Forward-Looking Non-GAAP Financial Measures
This press release and statements made in our conference call today also include the forward-looking non-GAAP financial measures of adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and free cash flow guidance for the third quarter and full year 2026 as well as adjusted EBITDA run-rate expectations. We calculate forward-looking non-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. We have not provided quantitative reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures because the excluded items are not available on a prospective basis without unreasonable efforts. In addition, the Company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. It is probable that these forward-looking non-GAAP financial measures may be materially different from the corresponding GAAP financial measures.

Investor Contact:
Tom Colton
Gateway Group, Inc.
AEYE@gateway-grp.com
949-574-3860

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SOURCE AudioEye, Inc.

Revenue of $49.8 million, up 87% compared to the prior-year period of $26.6 million

Achieved record international revenue of $21.0 million, up 134% compared to the prior-year period

Successfully closed an initial public offering (“IPO”) in May 2026, raising $437.5 million in net proceeds

Backlog of $292.2 million as of June 30, 2026

HERNDON, Va., Aug. 13, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK) (“HawkEye 360” or “the Company”), a global leader in signals intelligence data and analytics, today announced its financial results for the second quarter ended June 30, 2026.

“Our second quarter results reflect HawkEye 360’s continued growth as a premier defense technology company and the strength of demand for our RF signals intelligence solutions, as governments around the world increasingly prioritize space-enabled intelligence, surveillance and electronic warfare capabilities,” said Chief Executive Officer John Serafini. “We delivered another quarter of strong revenue growth, including record international revenue, reflecting the acceleration of our business model and increasing adoption of our RF signals intelligence solutions among defense, intelligence and allied government customers worldwide, particularly in areas of geopolitical tension where high-quality signals intelligence is exceptionally valuable.”

Mr. Serafini continued, “We are seeing great momentum across the business heading into the back half of the year, with strong tailwinds from growing global demand for space-based RF intelligence. Our next phase of constellation growth with Clusters 15 and 16, and our first cluster of Block 3 Kestrel satellites, are expected to further expand our collection capacity and global coverage. Additionally, we are seeing the benefits of our integration with ISA’s algorithms which have enhanced our processing latency and military radar product solutions with greater automation. With this momentum, HawkEye 360 is well positioned to capitalize on the growing importance of RF intelligence and electronic warfare capabilities in today’s evolving global security environment. We continue to invest meaningfully in our best-in-class signals intelligence platform, exceptional team, and differentiated go-to-market capabilities to drive profitability and shareholder value.”

Second Quarter 2026 Financial Highlights: 

Revenue of $49.8 million, up 87% compared to the prior-year period of $26.6 million.Achieved record international revenue of $21.0 million, up 134% compared to the prior-year period of $9.0 million.Recorded a net loss of $15.3 million, compared to net income of $1.6 million in the prior year period.Realized Adjusted EBITDA, a non-GAAP metric, of $7.0 million, compared to $7.8 million in the prior-year period.Recognized net cash provided by operating activities of $11.6 million and Free Cash flow, a non-GAAP metric, of $5.4 million, compared to $4.6 million and $(1.3) million, respectively, in the prior-year period.Confirmed backlog of $292.2 million as of June 30, 2026, compared to $285.0 million as of March 31, 2026.Successfully closed an IPO in May 2026, raising $437.5 million in net proceeds.

Second Quarter 2026  and Recent Business Highlights: 

Announced a multi-year contract to provide the Indian Navy and regional partner nations with the Company’s space-based RF data and analytics to enhance maritime domain awareness across the Indian Ocean Region. The award expands the Company’s support of the Indo-Pacific Maritime Domain Awareness initiative and further demonstrates growing international adoption of HawkEye 360’s RF intelligence capabilities.Demonstrated commercial-enabled track custody alongside Lockheed Martin during Valiant Shield 2026, a U.S. Pacific Command biennial field training exercise, achieving record latency speeds, validating the Company’s ability to tactically enable the warfighter in real operational conditions, an early step toward supporting missions that require precise, continuously updated location data to guide long-range weapons systems.Announced that ISA, was selected by the U.S. Space Force’s Space Rapid Capabilities Office for a Small Business Innovation Research Direct-to-Phase II award to develop an adaptable radar-warning sensor payload to enhance space domain awareness in geosynchronous orbit.Achieved Full Operational Capacity for the Company’s Cluster 14 satellites, launched in March 2026, completing the shortest commissioning period in HawkEye 360’s history and further expanding the Company’s space-based signals intelligence constellation and collection capacity to support growing defense, maritime and national security customer missions worldwide.Announced a contract award from NASA’s Commercial Crew and Commercial Low Earth Orbit Development Programs to supply the Company’s RFIQ™ data product in support of research on resilient, secure space-to-space communications for future commercial spacecraft missions.Entered into a new $125.0 million revolving credit facility maturing in May 2031, enhancing liquidity and financial flexibility to support continued investment in the Company’s space-based RF data and analytics platform, constellation expansion, product innovation and broader strategic growth initiatives.

Full Year 2026 Outlook

For full-year 2026, the Company expects total revenue of between $215.0 million and $220.0 million, and non-GAAP Adjusted EBITDA of between $30.0 million and $36.0 million.

The Company has not reconciled its non-GAAP Adjusted EBITDA outlook to the most directly comparable GAAP measure because certain reconciling items, such as stock-based compensation, change in fair value of warrant liabilities, and depreciation and amortization, are uncertain or out of the Company’s control and cannot be reasonably predicted. The actual amount of these expenses will have a significant impact on the Company’s future GAAP financial results. Accordingly, a reconciliation of the Company’s non-GAAP Adjusted EBITDA outlook to the most comparable GAAP measures is not available without unreasonable efforts.

Second Quarter 2026 Earnings Conference Call: 

The Company will hold a conference call today, August 13, 2026, at 4:30 PM ET. The call can be accessed by dialing 1-877-407-0792 (U.S. participants) or 1-201-689-8263 (International participants). Participants can also listen to a live webcast of the call by going to the Investors section on HawkEye’s website at https://investors.he360.com/. A replay of the call will be available starting on Friday, August 14, 2026, at 11:30 AM ET by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) and entering the conference ID number: 13761675. The replay will be available through Thursday, August 27, 2026, at 11:59 PM ET.

About HawkEye 360

HawkEye 360 is equipping defense, intelligence and national security leaders with mission-critical signals intelligence to enable faster, better decision-making. By detecting, geolocating and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the US Government and allied partners. Our space-based collection, proprietary signal processing and AI-powered analytics transform knowledge of RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Non-GAAP Financial Measures

In addition to the financial information prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company reports Adjusted EBITDA and Free Cash Flow, which are non-GAAP financial measures. The Company defines Adjusted EBITDA as net income (loss) before interest income, interest expense, income tax expense or benefit, depreciation and amortization, as well as significant non-cash and/or non-recurring expenses that are not considered part of the Company’s operations and revenue-generating activities, or are nonrecurring or infrequent in nature. Management believes these items are not useful in evaluating the Company’s core operating performance. These items include, but are not limited to, stock-based compensation expense; acquisition-related costs, one-time costs related to the IPO, settlements, net of related legal expenses, changes in fair value of contingent and deferred consideration, changes in fair value of warrant liabilities, and gains or losses on extinguishment of debt.  The Company defines Free Cash Flow as net cash provided by (used in) operating activities less purchases of satellites, property, and equipment.

The Company uses Adjusted EBITDA and Free Cash Flow in conjunction with other GAAP measures to evaluate the effectiveness of its business strategies, make strategic decisions, and communicate with its board of directors and investors concerning its financial performance. The Company uses these non-GAAP financial measures to assess its financial performance because they allow the Company to compare its operating performance on a consistent basis across periods by removing the effects of its capital structure (such as varying levels of interest expense and income), asset base (such as depreciation and capital expenditures) and other items (such as non-recurring or non-cash costs) that impact the comparability of financial results from period to period.

The Company believes that the presentation of these non-GAAP financial measures will provide useful information to investors and analysts in assessing its financial performance and results of operations across reporting periods by excluding items it does not believe are indicative of its core operating performance. Net Income (Loss) is the U.S. GAAP measure most directly comparable to Adjusted EBITDA. Net cash provided by (used in) operating activities is the U.S. GAAP measure most directly comparable to Free Cash Flow. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are presented below under the headings “Reconciliation of Net Income (Loss) to Adjusted EBITDA” and “Reconciliation of Net Cash Provided By (Used In) Operating Activities to Free Cash Flow.” The Company’s non-GAAP financial measures should not be considered as an alternative to the most directly comparable U.S. GAAP financial measure. You are encouraged to evaluate each of these adjustments and the reasons management considers them appropriate for supplemental analysis.

In evaluating Adjusted EBITDA and Free Cash Flow, you should be aware that in the future the Company may incur expenses that are the same as or similar to some of the adjustments in such presentation. The Company’s presentation of these non-GAAP financial measures should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. The Company may modify the presentation of Adjusted EBITDA and Free Cash Flow in the future, and any such modification may be material. Adjusted EBITDA and Free Cash Flow have important limitations as analytical tools, and you should not consider these non-GAAP financial measures in isolation or as a substitute for analysis of the Company’s operating results as reported under U.S. GAAP. Adjusted EBITDA and Free Cash Flow may be defined differently by other companies in the Company’s industry and may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.

Other Key Metric

Backlog is a key measure of the Company’s business. The Company’s backlog supports predictable revenue expansion through a recurring model, enabling forward revenue visibility. Management uses backlog to more effectively forecast the Company’s future business and results, which supports decisions around capital allocation. It also helps the Company identify future growth or operating trends that may not otherwise be apparent. The Company also believes backlog is useful for investors in forecasting the Company’s future results and understanding the growth of its business.

The Company’s backlog represents the portion of legally binding contracts that are expected to result in future revenue. Backlog may also include change orders for any contracts that have been formally contracted. This includes firm contracts that contain remaining performance obligations, including the cancellable portion of the contract value for contracts that provide the customer with a right to terminate for convenience without incurring a substantive termination penalty. Backlog also can include up to the remaining ceiling on single award IDIQ contracts where no task orders have been issued. Backlog excludes the value of unexercised options to extend contracts, the value of multi-award IDIQ contracts, and the value of any contracts, or a portion thereof, where management deems execution to be unlikely to result in revenue due to customer-specific or other factors.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding the Company’s liquidity and financial flexibility, the Company’s financial outlook for the year ended December 31, 2026, the Company’s expected constellation growth and increased collection capacity, the Company’s expanding international presence, the Company continuing to scale the business and growing customer demand, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, to be filed with the Securities and Exchange Commission (the “SEC”) on August 14, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Reconciliation of Net Income (Loss) to Adjusted EBITDA

The following table presents a reconciliation of Net Income (loss), the most directly comparable financial measure presented in accordance with U.S. GAAP, to Adjusted EBITDA:

Reconciliation of Net Cash Provided by (Used in) Operating Activities to Free Cash Flow

The following table presents a reconciliation of net cash (used in) provided by operating activities, the most directly comparable financial measure presented in accordance with U.S. GAAP, to Free Cash Flow:

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SOURCE HawkEye 360 Inc.