Developing stabilized cameras for ground & aerial vehicles.
Next Vision has already proven extraordinary global demand, but 2026 will test delivery speed and capital allocation rather than customer acquisition.
Next Vision ended 2025 with $562.297 million of liquidity and no need for debt, but most of that cash pile was created by the September equity raise rather than by operating cash flow, so the core question has shifted from access to capital to the quality of capital allocation.
A $287.973 million backlog proves that Next Vision's demand remains exceptional, but it is not full cover for a $275 million 2026 revenue target because only $222.312 million is currently scheduled for that year.
