CirTran Corporation Achieves Profitability in First Quarter 2026: Revenue Soars 152%, Company Swings to $2.2 Million Net Income
Rhea-AI Summary
CirTran (OTC:CIRX) reported a profitable first quarter 2026, swinging to net income of $2,220,701 ($0.45 per share) from a $155,436 loss a year earlier.
Net sales rose 152% to $1,161,353, gross profit increased 71.4% to $463,382 with a 39.9% margin, and income from operations reached $36,122 versus a prior operating loss.
According to CirTran, income from discontinued operations of $2,286,438, driven by extinguishment of $2,324,279 in time-barred debt, contributed significantly to results. Operating expenses grew 36.3% to $427,260, including flat employee costs and higher SG&A to support HUSTLER-branded vapor product growth.
Positive
- Net income of $2,220,701 vs. $155,436 loss year earlier
- Diluted EPS improved to $0.45 from a $0.03 loss
- Net sales grew 152% to $1,161,353 year-over-year
- Gross profit increased 71.4% to $463,382
- Income from operations of $36,122 vs. $43,273 operating loss
- Extinguishment of $2,324,279 in time-barred debt obligations
- Income from discontinued operations of $2,286,438
- Operating expenses up 36.3%, well below 152% revenue growth
Negative
- Net loss from continuing operations of $65,737, despite overall profitability
- Gross profit growth 71.4% lagged 152% net sales growth
- Selling, general and administrative expenses rose 61.0% to $297,240
- Majority of net income driven by discontinued operations, not core business
News Market Reaction – CIRX
In the May 21 session, CIRX gained 77.55%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Net sales reached
In a milestone achievement, CirTran generated income from operations of
Net loss from continuing operations narrowed
"This was a defining quarter for CirTran," said Iehab Hawatmeh, Chairman and Chief Executive Officer. "We turned the corner to operating profitability, our revenue more than doubled for the second consecutive comparable period, and we achieved meaningful net income. The extinguishment of legacy debt obligations further strengthened our financial position. We are building on strong momentum and remain focused on scaling our HUSTLER®-branded product lines to drive sustained, profitable growth."
ABOUT CIRTRAN CORPORATION
CirTran Corporation (OTC: CIRX) Celebrating its 32nd anniversary, CirTran has evolved from its origins as an electronics contract manufacturer into a global producer and distributor of products serving the adult lifestyle and entertainment marketplace. Leveraging strategic partnerships and targeted initiatives, the Company continues to diversify its product portfolio and expand its international footprint. With a renewed focus on innovation and market responsiveness, CirTran is building a platform for sustainable growth in high-demand consumer segments. For more information, visit the Company's SEC filings at www.sec.gov.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. The Company undertakes no obligation to update forward-looking statements. Past performance is not indicative of future results. |
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SOURCE CirTran Corporation