Q4 2026 Micro-X Ltd Earnings Call
Speaker #1: And for that reason, we've been talking and focusing on medical CT. However, there is a team that is continuing to work on the DHS program and will continue to work on the DHS program.
Speaker #1: Last year, we conducted an extensive engagement to monetize the security project. We were successful in forming a partnership with Billion Prima. Billion Prima has taken that and they are beginning to bring it to customers outside of airport security, which is an unregulated space, so it’s a faster path to market.
Brian Gonzales: Billion Prima has taken that, and they are beginning to bring that to customers outside of airport security. That is an unregulated space, so it's a faster path to market. They had a very interesting application of scanning durian fruit in leaving Malaysia through the customs and quality control. They are beginning to see customer engagement, and we're supporting them there. In parallel, we have engaged with multiple parties for a broader monetization of that. This past year has been a bumpy year between DHS changes, TSA slowdowns, and a number of restructuring in the space. We couldn't finish that. We expect that as the DHS program continues and we put the checkpoints into airports, which will happen hopefully sometime in the next year, subject to what DHS determines, we will have renewed interest in that to monetize that in the future.
Brian Gonzales: Billion Prima has taken that, and they are beginning to bring that to customers outside of airport security. That is an unregulated space, so it's a faster path to market. They had a very interesting application of scanning durian fruit in leaving Malaysia through the customs and quality control. They are beginning to see customer engagement, and we're supporting them there. In parallel, we have engaged with multiple parties for a broader monetization of that. This past year has been a bumpy year between DHS changes, TSA slowdowns, and a number of restructuring in the space. We couldn't finish that. We expect that as the DHS program continues and we put the checkpoints into airports, which will happen hopefully sometime in the next year, subject to what DHS determines, we will have renewed interest in that to monetize that in the future.
Speaker #1: They had a very interesting application of scanning durian fruit when leaving Malaysia, through customs and quality control. And so they are beginning to see customer engagement, and we're supporting them there.
Speaker #1: In parallel, we have engaged with multiple parties for a broader monetization of that. This past year has been a bumpy one, between DHS changes, TSA slowdowns, and a number of restructurings in the space.
Speaker #1: So, we were not—we couldn't finish that. However, we expect that, as the DHS program continues and we put the checkpoints into airports—which will happen hopefully sometime in the next year, subject to what DHS determines.
Speaker #1: We will have renewed interest in that, to monetize that in the future.
Speaker #2: Thanks, Brian.
Peter Rowland: Thanks, Brian.
Peter Rowland: Thanks, Brian.
Speaker #1: Yep.
Brian Gonzales: Yep.
Brian Gonzales: Yep.
Speaker #3: Any further questions? None. Brian, I'll deal with some of the questions that came through via email. You've addressed the first one, essentially, which was an update on the baggage scanner, but there were also some additional questions on Billion Prima.
Peter Rowland: Any further questions? None. Brian, I'll deal with some of the questions that came through from an email. You've addressed the first one, essentially, which was an update on the baggage scanner. There was also some additional questions on Billion Prima. Are they using Micro-X's hardware and their own software, or using Micro-X's software also? Are they planning a market release of their scanner this calendar year?
Peter Rowland: Any further questions? None. Brian, I'll deal with some of the questions that came through from an email. You've addressed the first one, essentially, which was an update on the baggage scanner. There was also some additional questions on Billion Prima. Are they using Micro-X's hardware and their own software, or using Micro-X's software also? Are they planning a market release of their scanner this calendar year?
Speaker #3: Are they using Micro-X's hardware and their own software, or are they using Micro-X's software also? And are they planning a market release of their scanner this calendar year?
Speaker #1: So, they are using the Micro-X hardware, and we are providing them the core technology that enables their system. They have made some modifications to that hardware to make it their own, and they're manufacturing the rest of the system, which is the lead box and the computer.
Brian Gonzales: They are using the Micro-X hardware, and we are providing them the core technology that enables their system. They have done some modifications to that hardware to make it their own, and they're manufacturing the rest of the system, which is the lead box, the computer. They have done some of their own software development. How much software development we can share, we have to be sensitive around because of our relationship with DHS and TSA and where there's a line there. They aren't going to do a proper commercial launch, as in a brand-new thing. What they're doing is they're already taking the first system, they're demoing it with customers, and they're growing customer interest. As I mentioned, they have a strong interest in an initial customer for quality control of durian fruit.
Brian Gonzales: They are using the Micro-X hardware, and we are providing them the core technology that enables their system. They have done some modifications to that hardware to make it their own, and they're manufacturing the rest of the system, which is the lead box, the computer. They have done some of their own software development. How much software development we can share, we have to be sensitive around because of our relationship with DHS and TSA and where there's a line there. They aren't going to do a proper commercial launch, as in a brand-new thing. What they're doing is they're already taking the first system, they're demoing it with customers, and they're growing customer interest. As I mentioned, they have a strong interest in an initial customer for quality control of durian fruit.
Speaker #1: They have done some of their own software development. How much software development we can share, we have to be sensitive around, because of our relationship with DHS and TSA, and where there's a line there.
Speaker #1: They have been—they aren't going to do a proper commercial launch, as in a brand new thing. What they're doing is, they're already taking the first system, they're demoing it with customers, and they're growing customer interest.
Speaker #1: As I mentioned, they have a strong interest in an initial customer for quality control of durian fruit. They are talking to a number of other customers about things like quality control, as well as customs scanning.
Brian Gonzales: They are talking to a number of other customers around things like quality control and as well as customs scanning. They have interest as well with airports, but that is a longer pathway because there's qualification and certification things. They see early applications in some of these other side markets, and they're actively pursuing that right now, and we've been supporting them in that.
Brian Gonzales: They are talking to a number of other customers around things like quality control and as well as customs scanning. They have interest as well with airports, but that is a longer pathway because there's qualification and certification things. They see early applications in some of these other side markets, and they're actively pursuing that right now, and we've been supporting them in that.
Speaker #1: They have interest as well with airports, but that is a longer pathway because there's qualification and certification things. But they see early applications in some of these other side markets, and they're actively pursuing that right now, and we've been supporting them in that.
Speaker #3: Thank you, Brian. And the final question I had in advance of the meetings, which came by email, was: Are there any plans to reduce the 95-person headcount?
Peter Rowland: Thank you, Brian. The final question I had in advance of the meeting come by email was, are there any plans to reduce the 95-person headcount?
Peter Rowland: Thank you, Brian. The final question I had in advance of the meeting come by email was, are there any plans to reduce the 95-person headcount?
Speaker #1: So there are staff reduction that was part of the that was part of the cost savings that was identified.
Brian Gonzales: There are staff reduction. That was part of the cost savings that was identified.
Brian Gonzales: There are staff reduction. That was part of the cost savings that was identified.
Speaker #3: Okay, thank you. Any further questions from anyone on the call? Please raise your hand. No? Okay, that's fine. Then over to you, Brian, to wrap up.
Peter Rowland: Okay. Thank you. Any further questions from anyone on the call? Please raise your hand. No. Okay, that's fine then.
Peter Rowland: Okay. Thank you. Any further questions from anyone on the call? Please raise your hand. No. Okay, that's fine then.
Brian Gonzales: All right.
Brian Gonzales: All right.
Peter Rowland: Over to you, Brian, to wrap up.
Peter Rowland: Over to you, Brian, to wrap up.
Speaker #1: Well, thank you, everyone, for joining. As we go forward into this new change at the company, and as we move forward, I want to again thank Kinsley for his time as CEO and wish him the best as we move forward.
Brian Gonzales: Well, thank you everyone for joining. As we go forward into this new change of a company and as we move forward, I want to again thank Kingsley for his time as CEO and wish him the best as we move forward. Also, I want to thank all of our investors again for their continued support, and we acknowledge how much you have come through with us, and we see a bright future for the company. We see a future where we can change medical imaging, and we can change particularly medical CT. It's only because of the people in the company and the people who are supporting us that that is possible.
Brian Gonzales: Well, thank you everyone for joining. As we go forward into this new change of a company and as we move forward, I want to again thank Kingsley for his time as CEO and wish him the best as we move forward. Also, I want to thank all of our investors again for their continued support, and we acknowledge how much you have come through with us, and we see a bright future for the company. We see a future where we can change medical imaging, and we can change particularly medical CT. It's only because of the people in the company and the people who are supporting us that that is possible.
Speaker #1: Also, I want to thank all of our investors again for their continued support. We acknowledge how much you have come through with us, and we see a bright future for the company.
Speaker #1: We see a future where we can change medical imaging, and we can change, particularly, medical CT. And it's only because of the people in the company and the people who are supporting us that that is possible.
Speaker #1: We look forward to implementing the changes that we've identified with Rover and to beginning to see a company that is more commercially focused and more focused on how we can grow and serve our customers going forward.
Brian Gonzales: We look forward to implementing the changes that we've identified with Rover and to begin to see a company that is more commercially focused and more focused on how we can grow and serve our customers going forward. As we move into this new phase, we want to be a company that is open and transparent with all of you, which is one of the reasons that we've changed how we are doing this structure so that you can see us. We want to be someone who's open. Please, if there are questions that you don't feel we answered in this call or you think of in the future, please feel free to reach out to myself or Pete or Ant. We are happy to field your questions. Thank you for joining us today. Wish you a good rest of your week.
Brian Gonzales: We look forward to implementing the changes that we've identified with Rover and to begin to see a company that is more commercially focused and more focused on how we can grow and serve our customers going forward. As we move into this new phase, we want to be a company that is open and transparent with all of you, which is one of the reasons that we've changed how we are doing this structure so that you can see us. We want to be someone who's open. Please, if there are questions that you don't feel we answered in this call or you think of in the future, please feel free to reach out to myself or Pete or Ant. We are happy to field your questions. Thank you for joining us today. Wish you a good rest of your week.
Speaker #1: As we move into this new phase, we want to be a company that is open and transparent with all of you, which is one of the reasons that we've changed how we are doing this structure—so that you can see us. We want to be someone who's open.
Speaker #1: So please, if there are questions that you don't feel we answered in this call, or you think of in the future, please feel free to reach out to myself or Pete, or at.
Speaker #1: We are happy to field your questions. Thank you for joining us today. Wish you a good rest of your week.
Speaker #3: Thank you. Bye-bye.
Peter Rowland: Thank you. Bye-bye.
Peter Rowland: Thank you. Bye-bye.
Brian Gonzales: Bye.
Brian Gonzales: Bye.
