Ensurge Micropower ASA

Management did not provide a quarterly revenue or EPS figure on the call. It said revenue had generally stayed flat, while operating expense was also generally flat, and that Q1 delivered record performance and Q2 delivered record reliability. The biggest hard operating update was technical: LiPON electrolyte performance improved 4x and variability narrowed 3x. Forward-looking, the company said H2 remains centered on commercialization, external validation, and completing a site relocation that should reduce site-related costs by about 70% and save almost $10 million over the lease term.

Shauna McIntyre framed 2026 as the “year of commercialization” and kept returning to repeatability as the key gate to real products. She said Q2 proved the company could repeat and control its core LiPON process, while also advancing the Corning-related program, customer development, and the move to a smaller showcase facility. Her tone was energetic and highly confident, but she repeatedly stressed that proof-of-concept, customer validation, and process discipline still have to be finished before production.

Bryce Dille said his priorities are strict financial discipline, cost-structure optimization, and preserving financial flexibility to capture core opportunities. Shauna added that the company is keeping costs relatively flat while restructuring the team, raised a new round of funding in Q2, and that the Board is evaluating multiple pathways given the going-concern disclosure. Management also said the planned site move should reduce site-related costs from roughly 1/3 of spending to about 10% and lower fixed costs substantially.

In Q&A, management said repeatability means proving consistency not only within a run, but across lots and changing conditions, and that LiPON was the main technical bottleneck they targeted first. On the paid customer development agreement, Shauna said the company is still negotiating favorable terms and wants to ensure the customer is truly committed, not just signed. She also said the first customer deal is the hardest, and that they are pursuing a launch-partner model rather than overextending the small team. For the Corning JDA, she said Phase 1 completion means validating the technology in single-layer form, while commercialization afterward could not be speculated on.