Clear Blue Technologies (CBUTF) received Eutelsat purchase orders for 1,000 Pico-Plus off-grid power systems for African Wi-Fi hotspots.
The units will support Eutelsat's Konnect Wi-Fi service across three to five countries in Africa, with delivery expected in tranches. The new orders bring Eutelsat's units ordered and pre-ordered this year to approximately 1,500. Clear Blue signed a letter of intent with Eutelsat on December 17, 2025, for a three-year supply agreement targeting approximately 15,000 Pico-Plus systems, contingent on commercial demand.
Clear Blue Technologies (TSXV: CBLU, OTC: CBUTF) reported unaudited Q2 2026 results for the period ended June 30, 2026. New bookings were $1.79 million, up 19% year-over-year, while revenue declined 12% to $1.00 million. Recurring revenue grew 11% to $0.20 million.
Gross profit rose 7% to $0.53 million, with gross margin improving to 53% from 44%, reflecting a higher-margin mix and profitability initiatives. Adjusted EBITDA improved to a loss of $48,405 from a loss of $225,434. Net income was $23,374 versus a prior-year net loss of $365,337, supported by a $486,861 non-cash fair value gain on a public investment, a $40,057 gain on partial disposal of that investment, and a $250,561 foreign exchange gain.
Working capital increased to $1.40 million from $0.66 million at December 31, 2025. According to Clear Blue, it has realized about $1.2 million of operating expense reductions, identified a further $0.7 million of OPEX and $0.25 million of cash-related cuts, and currently expects second-half 2026 revenue of about $3.0 million, approximately 53% above the prior-year period if achieved.
Clear Blue Technologies International (CBUTF) announced it will provide a corporate update and report its Q2 2026 financial results on Wednesday, August 26, 2026, after market close. The company will then host a conference call on Thursday, August 27, 2026, at 11:00 a.m. Eastern Time to discuss the quarter in more detail and give a general business update.
Interested participants can register for the call through the company’s events page. Clear Blue provides Smart Off-Grid power solutions for telecommunications, IoT, and street lighting, aiming to deliver cost savings, predictive maintenance, and reliable power in remote or challenging environments.
Clear Blue Technologies (CBUTF) reported FY2025 revenue of $3.25M, up 18%, with new bookings of $5.21M, up 122%. Gross profit rose 18% to $1.59M and net loss improved 65% to $3.89M. Q1 2026 revenue was $1.01M, down 4%, with Adjusted EBITDA loss reduced to $0.23M. The company executed over $1.2M in annualized cost reductions, improved working capital to $0.89M, and announced a Smart Power integration contract with Eutelsat alongside additional satellite-focused business development.
Clear Blue Technologies International (OTC: CBUTF) will release its Q4 2025 audited results and Q1 2026 financial results on Monday, June 22, 2026, after market close.
The company will host a conference call on Tuesday, June 23, 2026, at 11:00 a.m. Eastern Time to discuss the results and provide a corporate update.
Clear Blue Technologies (OTC: CBUTF) issued its third bi-weekly default status report under NP 12-203 related to a management cease trade order (MCTO) tied to delayed 2025 annual filings.
Auditors are substantially complete, Annual Filings are expected by June 22, 2026, and Q1 2026 results by June 23, 2026. The MCTO applies only to the CEO and CFO, shareholders can still trade, there are no new defaults, and the company reports no insolvency proceedings.
Clear Blue Technologies (OTCQB: CBUTF) issued its second bi-weekly default status report under NP 12-203 regarding delayed 2025 audited annual filings. A management cease trade order applies only to the CEO and CFO, with other shareholders unaffected.
The audit by Kreston GTA LLP is ongoing and Annual Filings are now expected on or about June 23, 2026, later than the prior May 28 target. Clear Blue reports no new defaults, no insolvency proceedings, and no undisclosed material information, and intends to keep issuing bi-weekly updates until filings are completed.
Clear Blue Technologies International has secured a significant partnership with YahClick, the leading satellite broadband provider in Africa. The initial order value stands at $425,000 for solar power systems, with a projected total contract value of $650,000 over five years. Shipments commenced in Q4 2021, with follow-on orders anticipated in 2022. The partnership aims to enhance broadband connectivity in underserved regions across Nigeria and Zambia, targeting nearly 1,000 sites in the next 12 to 24 months. The contracts are expected to align with historical gross margins.