MyCelx Technologies Corporation (MYX): Middle East conflict exposure
This situation live
MYX MyCelx Technologies Corporation
7 May 2026 · Impact not yet assessable · +16% until the next step
The Middle East also remains a focus market, but the Company believes it is too early to gauge the impact the current conflict could have on our business in 2026.
30 Jul 2026 · Timelines dependent on ongoing conflict · +0% until the next step
Management believes that the Company is in a good position to win several of the projects, including a retrofit opportunity that we believe can be delivered this year, but timelines are dependent on t
10 Sep 2026 · Awaiting award; supports FY forecast · −14% until the next step
A single-source contract from a Middle East producer that supports the full-year revenue forecast is expected within the execution window to deliver equipment by year end.
8 Oct 2026 · Award missed FY2026 window; revenue moves to FY2027 · +4% since
As the purchase order has not been received within the required fabrication window, the Board now expects that the c.a. $2 million of revenue associated with this project will be delivered in FY2027.
Middle East conflict exposure
Award missed FY2026 window; revenue moves to FY2027
Next: Middle East purchase order award for the delayed project
Every step · 4
- 7 May 2026 Impact not yet assessable – The Middle East also remains a focus market, but the Company believes it is too early to gauge the impact the current conflict could have on our business in 2026. ↗
- 30 Jul 2026 Timelines dependent on ongoing conflict – Management believes that the Company is in a good position to win several of the projects, including a retrofit opportunity that we believe can be delivered... ↗
- 10 Sep 2026 Awaiting award; supports FY forecast – A single-source contract from a Middle East producer that supports the full-year revenue forecast is expected within the execution window to deliver... ↗
- 8 Oct 2026 Award missed FY2026 window; revenue moves to FY2027 – As the purchase order has not been received within the required fabrication window, the Board now expects that the c.a. $2 million of revenue associated... ↗
What is happening
MyCelx Technologies Corporation: Middle East conflict exposure – Award missed FY2026 window; revenue moves to FY2027. ['Award missed FY2026 window; revenue moves to FY2027']
- In short
- Impact on 2026 business was not assessable in May. In July several large Middle East projects were expected within six months. On 8 Oct 2026 the purchase order for a c.$2m project missed the fabrication window, so the revenue moves to FY2027. The customer remains committed to the project and its expansion plans.
- Announced
- 7 May 2026 · Impact not yet assessable
- Latest
- 8 Oct 2026 · Award missed FY2026 window; revenue moves to FY2027
- Awards
- Several large expansion and upgrade projects expected within six months
- Risk
- Timelines dependent on the ongoing conflict
- Revenue deferred
- c.$2 million moves from FY2026 to FY2027
- Cause
- Purchase order not received within the required fabrication window
- Customer view
- Committed to the project and current and future expansion plans
- Pipeline
- One Middle Eastern national producer award expected in next 6-12 months
What comes next
Middle East purchase order award for the delayed project.
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