Mr. Paul Ghezzi reports
KONTROL TECHNOLOGIES ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS
Kontrol Technologies Corp. has released its results for the three months ended March 31, 2026. A complete set of the financial statements and management discussion and analysis has been filed on SEDAR+.
First quarter 2026 highlights:
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Revenues for the three months ended March 31, 2026, were $1.3-million, compared with $1.5-million for the same quarter in the prior year.
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Gross margin for the three months ended March 31, 2026, was 58 per cent, compared with 54 per cent for the same quarter in the prior year.
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Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the three months ended March 31, 2026, was negative $133,363, compared with negative $228,521 for the same quarter in the prior year.
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Net loss for the three months ended March 31, 2026, was $432,617, compared with net loss of $1.1-million for the same quarter in the prior year. Q1 2026 net loss includes unrealized loss on revaluation of marketable securities.
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As at March 31, 2026, the company's aggregate cash and marketable securities balance was $7.6-million.
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As at March 31, 2026, the company had no outstanding interest-bearing bank debt.
About Kontrol Technologies Corp.
Kontrol Technologies is a leader in smart buildings and energy-efficiency solutions. Through a combination of technology-driven services and strategic acquisitions, Kontrol delivers integrated solutions that reduce energy consumption, lower carbon emissions and enhance building performance for commercial and residential properties across Canada.
We seek Safe Harbor.
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