Brand Engagement Network's Newly Acquired Operations Deliver $5.3 Million in First-Half 2026 Revenue

About this update from Brand Engagement Network Inc.

Acquisition drives transformative increase in revenue scale; Company also expects approximately $900,000 in annualized cost synergies WILMINGTON, Del., July 27, 2026 /PRNewswire/ -- Brand Engagement Network, Inc. (Nasdaq: BNAI) ("BEN" or the "Company"), an enterprise AI software company, today announced that the operations acquired through its June 30, 2026 acquisition of Cataneo GmbH generated approximately $5.3 million (USD) in revenue for the first half of 2026, according to preliminary unaudited information. This marks a dramatic step-up in scale. Prior to the acquisition, BNAI's reported quarterly revenue was modest — $104,311 in the first quarter of 2026 and $10,000 or lower in comparable prior-year periods. The addition of Cataneo's established enterprise software business has significantly expanded the Company's overall revenue run-rate and commercial footprint. Management is comfortable stating first-half revenue of the acquired operations at approximately $5.3 million (USD). In connection with the acquisition, the Company expects to realize approximately $900,000 (USD) in annualized cost synergies over the twelve-month period ending June 30, 2027 through consolidations and related exits. These expected efficiencies, together with BNAI's ongoing cost-discipline initiatives, are anticipated to contribute to improved operating leverage as the Company integrates and scales the combined business. "The acquisition has materially changed the scale of our business," said Walid Khiari, Chief Financial Officer and Chief Operating Officer. "We now have a substantially larger revenue base, positive operating contribution from the acquired operations, and a clear path to meaningful cost synergies through consolidation. These elements strengthen our fundamentals and position us to drive greater operating leverage as we integrate and grow." Because the acquisition closed on the final day of the second quarter, the full first-half results of the acquired operations are not reflected in BNAI's historical consolidated financial statements for periods ending on or before June 30, 2026. The Company will consolidate the acquired business beginning with the date of acquisition and will provide updated consolidated results in its upcoming periodic filings with the Securities and Exchange Commission. The figures referenced above are preliminary and unaudited and are su...

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