Latest Earning ReportHere are highlights.
Edmonton, Alberta--(Newsfile Corp. - January 21, 2026) - Titan Logix Corp., (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announces its first quarter results for the three-month period ended November 30, 2025.
"We are excited to announce an integration partnership with a leading provider of custody transfer meters in the refined fuels market," says Nick Forbes, CEO at Titan. "The partnership strengthens our brand and provides new channels to market."
During the first quarter of fiscal 2026, the Company completed its first sales of new products into the refined fuels market. We will focus on commercial rollout activities in the coming months including sales, installation, and product training with identified OEM partners. The company will also be launching a broader marketing campaign targeting fleet operators during the second quarter. We are excited to announce an integration partnership with Liquid Controls, a market leader in custody transfer metering in refined fuels. The integration between the Titan FINCH display and the Liquid Controls LCRiQ register provides fleet operators with automated inventory management, eliminating manual data entry during operation. The partnership helps to build credibility and brings new value to the refined fuels market.
Q1 FISCAL 2026 HIGHLIGHTS - Revenues for the first quarter of fiscal 2026 decreased by $713 or 33% to $1,447 compared to $2,160 in the first quarter of fiscal 2025 driven by a large fleet conversion sale completed in the comparative period and modest decrease in demand being experienced in the Company's core market in the current period.
- Cost of sales in the quarter increased to 59% of revenues, representing an increase of 15% from the same period of fiscal 2025 where cost of sales was 44% of revenues. The Company has increased its fixed cost structure over the past year to meet the expected demands associated with releasing new products, penetrating new markets, and overall revenue growth.
- Gross Profit decreased by $615 to $588 or 41% of revenue in the first quarter of fiscal 2026 compared to $1,203 or 56% in the first quarter of fiscal 2025, driven mainly by reduced revenues and increased fixed cost portion of cost of sales.
- The performance of the core business declined in the first quarter of fiscal 2026 with a reported Operating EBITDA(1) loss of $73 compared to Operating EBITDA(1) of $663 in the first quarter of fiscal 2025.
- Total product research and development expenditures(1) decreased by $220 to $282 in the first quarter of fiscal 2026 compared to $502 in the first quarter of fiscal 2025, as certain development projects have now been completed.
- The Company's net earnings decreased by $587 to a net loss of $340 in the first quarter of fiscal 2026 compared to net income of $246 in the first quarter of fiscal 2025 with decreased operating results driven by reduced revenues and gross profit.
- The Company reported basic and diluted loss per share of $0.01 per share in the first quarter of fiscal 2026 compared to basic and diluted earnings per share of $0.01 in the same period of fiscal 2025.
- The Company implemented a Normal Course Issuer Bid ("NCIB") in April of 2025 to re-purchase and cancel up to 1,759,649 of the Company's outstanding common shares, representing approximately 10% of the public float of issued and outstanding common shares. As at November 30, 2025, the Company repurchased 1,218,500 common shares at an average price of $0.71 per share plus transactions costs representing approximately 69% of the total amount eligible for repurchase.
See following for details.
https://money.tmx.com/quote/TLA/news/6031801839901676/Titan_Logix_Corp_Reports_Q1_Fiscal_2026_Financial_Results