RE:RE:Morningstar quantitative equity report out 12 oct 20220.01 200 50 100 Fair ValueQoant 0.18 Last Close 0.09 Overvalued Fairly Valued Undervalued 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD 1.72 0.72 0.55 0.79 0.93 0.94 0.53 0.66 0.56 0.36 0.48 -79.49 -50.00 25.00 80.00 411.11 63.77 -42.48 -39.23 16.46 5.43 -82.47 -86.98 -62.88 14.78 88.66 389.59 54.57 -33.47 -61.81 10.67 -19.28 -70.31 Performance Price/Fair Value Total Return % +/- Index As of 12 Oct 2022 | Index: Morningstar Canada GR CAD. Fair Value data as of 12 Oct 2022, 22:48 UTC. 1 The ESG Risk Rating Assessment is a representation of Sustainalytics' ESG Risk Rating.Lee Davidson, Head of Manger and Quantitative Research, oversees the methodology that supports Quantitative Fair Value Estimates and Quantitative Star Ratings. Mr. Davidson is guided by the Code of Ethics and Investment Research Integrity Policy of Morningstar Research Services LLC, a subsidiary of Morningstar, Inc. Morningstar’s Quantitative Research team, which consist of employees of Morningstar, Inc., are guided by Morningstar, Inc.’s Code of Ethics. For information regarding Conflicts of Interests,visit https://global.morningstar.com/equitydisclosures. Valuation as of 12 Oct 2022 Fair ValueQoant 0.18 UncertaintyQoant: Extreme Last Close 0.09 NXO is Under Valued at a 52% discount. Economic Moat None Financial Health Moderate 1-Star Price 0.73 5-Star Price 0.04 Contact 409 Granville Street, Vancouver, BC V6C 1T2 +1 604 669-7330 look@nexoptic.com https://www.nexoptic.com Financials as of 12 Oct 2022 (Fiscal Year End 31 Dec 2022) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD Fiscal 0 0 0 — 0 0 0 0 0 0 0 Revenue -0.89 -0.55 -0.50 -1.10 -1.60 -8.81 -12.37 -12.70 -6.16 -3.53 -1.94 Operating Income (Mil) — — — — — — — — — — — Operating Margin (%) -1.13 -0.97 -0.63 -3.35 -1.70 -9.26 -12.29 -57.34 -5.81 -3.32 -1.98 Net Income (Mil) -0.12 -0.09 -0.06 -0.13 -0.04 -0.09 -0.10 -0.43 -0.04 -0.02 -0.01 Diluted Earnings/Share -595 -431 -473 -797 -1,023 -2,849 -6,129 -5,471 -2,115 -2,064 -317 Operating Cash Flow (K) -786 -130 -73 -24 — -5 -34 — — — -34 Capital Spending (K) -1,381 -561 -546 -821 -1,023 -2,854 -6,163 -5,471 -2,115 -2,064 -317 Free Cash Flow (K) 11 11 11 25 45 106 126 132 142 147 147 Avg Shares Outstand(Mil) — — — — — — — — — — — Dividend Per Share Valuation as of 12 Oct 2022 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Current Calendar 1.72 0.72 0.55 0.79 0.93 0.94 0.53 0.66 0.56 0.36 0.48 Price/Fair Value — — — — — — — — — — — Price/Sales — — — — — — — — — — — Price/Earnings — — — — — — — — — — — Price/Cash Flow 0.37 0.23 0.35 — 12.78 11.31 1.50 1.17 40.65 763.75 393.69 Price/Book Operating Performance as of — (Fiscal Year End 31 Dec 2022) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q3 Fiscal (%) -27.83 -31.56 -26.02 -170 -73.89 -27.99 -21.26 -217 -421 -231 -957 Return on Assets -28.34 -32.07 -26.67 -177 -76.04 -28.15 -21.37 -224 -2234 -750 -231 Return on Equity -28.75 -32.4 -26.74 -177 -76.15 -28.24 -21.51 -224 -1885 -672 -201 Rtn on Invested Capital Business Description NexOptic Technology Corp engages in the investment and development of technologies relating to imagery and light concentration for lens and image capture based systems. The company's technology includes Aliis; DoubleTake and Mobile Lens. Qu