NXTSHIGH SIGNALMANAGEMENT10-K

Nexentis Technologies underwent a comprehensive corporate transformation including multiple name changes, a 1-for-35 reverse stock split, and entry into a securities exchange agreement, while experiencing substantial declines in core operating metrics.

The reverse stock split and serial name changes (from Save Foods to N2OFF to Nexentis Technologies) combined with a securities exchange agreement suggest significant strategic pivoting and potential financial distress. The dramatic reduction in shares outstanding from 17.8M to 5.1M post-split indicates the company is attempting to maintain listing compliance, which typically signals underlying performance challenges.

Comparing 2026-03-31 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

The company's financial position shows mixed signals with substantially improved liquidity through increased cash and current assets, but severely weakened operational performance with gross profit declining meaningfully and R&D spending reduced significantly. While the net loss improved modestly, the sharp inventory reduction and dramatic decrease in capital expenditures suggest contracted business operations. The overall picture indicates a company in transition with improved short-term liquidity but substantially diminished operational scale.

FINANCIAL STATEMENT CHANGES
Inventory
Balance Sheet
-82.7%
$122K→$21K

Inventory drawn down 82.7% — strong sell-through or deliberate destocking; watch for supply constraints.

Gross Profit
P&L
-78.4%
$208K→$45K

Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.

Current Assets
Balance Sheet
+76.7%
$3.4M→$6.0M

Current assets grew 76.7% — improving short-term liquidity or inventory/receivables build.

Cash & Equivalents
Balance Sheet
+75.4%
$2.2M→$3.8M

Cash position surged 75.4% — strong cash generation or capital raise providing significant financial cushion.

Capital Expenditure
Cash Flow
-72.9%
$52K→$14K

Capex reduced 72.9% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Current Liabilities
Balance Sheet
+60.8%
$892K→$1.4M

Current liabilities surged 60.8% — significant near-term obligations; verify ability to meet short-term debt.

R&D Expense
P&L
-51.5%
$369K→$179K

R&D spending cut 51.5% — could signal cost discipline or concerning reduction in innovation investment.

Total Debt
Balance Sheet
-47.8%
$16K→$8K

Debt reduced 47.8% — deleveraging strengthens balance sheet and reduces financial risk.

Provision for Credit Losses
P&L
-33.9%
$176K→$116K

Provisions reduced 33.9% — improving credit quality or reserve release boosting reported earnings.

Net Income
P&L
+22.9%
-$5.2M→-$4.0M

Net income grew 22.9% — bottom-line growth signals improving overall business health.

LANGUAGE CHANGES
NEW — 2026-03-31
PRIOR — 2025-03-31
ADDED
As of March 31, 2026, there were 5,111,362 shares of the registrant s common stock outstanding.
As used in this Annual Report and unless otherwise indicated, the terms Nexentis, we, us, our, or our company refer to Nexentis Technologies, Inc., and Save Foods Ltd., our former 98.48% owned subsidiary ( Save Foods ), and MitoCareX Bio Ltd., our wholly owned subsidiary ( MitoCareX ) and our wholly owned subsidiary, NITO Renewable Energy, Inc, which owns 70% of SB Storage 1 S.R.L.
On September 22, 2025, we effected a reverse share split of our issued and outstanding ordinary shares at a ratio of 1-for- 35.
All references in this annual report to our share capital, including the number of ordinary shares outstanding and per-share data for periods prior to the effective date of the reverse split have been retroactively adjusted to give effect to the reverse split.
to Save Foods, Inc., on March 19, 2024 we changed our name to N2OFF, Inc., and on February 26, 2026, we changed our name to Nexentis Technologies Inc.
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REMOVED
As of March 31, 2025, there were 17,812,404 shares of the registrant s common stock outstanding.
As used in this Annual Report and unless otherwise indicated, the terms N2OFF, we, us, our, or our company refer to N2OFF, Inc.
and Save Foods Ltd., our 98.48% owned subsidiary, and NTWO OFF Ltd.
In September 2018, we changed our organizational structure and leadership team to support our new strategy and objectives.
The goal of the organizational change was to drive us towards regulatory approvals for our new generation of products.
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