Flexpoint Sensor Systems designs, manufactures, and sells flexible bend sensors based on its patented Bend Sensor® technology. The Bend Sensor® is a thin, plastic substrate that changes electrical conductivity as it bends, allowing connected electronics to measure the precise amount and direction of movement. Unlike traditional mechanical potentiometers, the Bend Sensor® has no moving parts, making it more durable and compact in many applications. Flexpoint sells primarily to OEMs and Tier 1 suppliers, either directly or through manufacturer's representatives, distributors, and online channels. The company is small, with three customers accounting for roughly 86% of FY2023 revenue. Key customers include VR hardware maker Manus and Italian medical rehabilitation equipment company Idrogenet/Gloreha. Core application areas include VR/AR data gloves, medical rehabilitation devices, automotive occupant sensing, and industrial flow control. Flexpoint also has development-stage products including a battery expansion sensor for lithium-ion batteries and a pill dispensing monitoring system. Revenue is lumpy and purchase order-driven, as Flexpoint does not yet have long-term volume production contracts. The company generates higher margins on fully integrated sensor assemblies versus bare sensors, and can also license its technology by field of use or geography. Flexpoint's cost structure relies on subcontractors to limit fixed costs. The company is not yet self-sustaining and has needed to raise outside capital while working to convert development-stage customer relationships into repeatable production contracts.