Factorial Q2 net loss $11.3M, cash $112.8M; first commercial drone order secured

Cartesian Growth Corp III

Q2 2026 GAAP net loss $11.3M on operating expenses of $13.0M.
6M 2026 net loss $19.9M; non-GAAP opex $14.5M; cash and equivalents $112.8M at June 30.
FY2026 guidance: non-GAAP opex ~$40M, capex ~$13M; first commercial revenue expected 2027.
Secured first commercial drone battery order in July; partnerships with Tulip Tech, SK On MoU, Stellantis road-testing.
Demonstrated 390 Wh/kg cells; targeting ~450 Wh/kg by year-end; 150+ patents covering FEST and Solstice platforms.

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