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Plaintree Systems Inc. reports recurring financial and operating developments across two diversified product divisions: Specialty Structures and Applied Electronics. Applied Electronics includes Hypernetics avionic components and Elmira Stove Works heritage and retro-styled kitchen appliances under the Northstar, Fireview and Heritage brands. Summit Aerospace USA Inc., formerly part of the segment, has been discontinued and its remaining assets have been sold.
Company updates commonly cover unaudited interim and audited annual statements, management discussion and analysis, revenue trends, Triodetic order activity, appliance certification and shipment matters, and corporate actions tied to portfolio rationalization.
Plaintree Systems (CSE:NPT) reported third quarter fiscal 2026 results for the quarter ended December 31, 2025. Q3 revenue was $3,634,670 and the quarter showed a net loss of $452,804. Nine‑month revenue was $13,861,100 with nine‑month net income $1,473,887.
The company noted slow Triodetic revenue in the quarter, strong Triodetic order bookings slated to ship in early fiscal 2027, Elmira received CSA approval and is fulfilling backorders, and Plaintree completed disposal of remaining Summit Aerospace USA assets.
Plaintree Systems (PTEEF) reported quarterly and six-month fiscal 2026 results for the period ended September 30, 2025. For Q2 the company recorded revenue $4,691,162 vs $6,229,534 a year earlier and net income $924,152 vs a prior-year net loss of $(610,524). For the six months Plaintree reported revenue $10,226,430 vs $12,840,486 and net income $1,926,690 vs $551,825 a year earlier.
Management noted Elmira shipments were effectively shut down for six months due to a recertification process and tariff uncertainty, but final recertification approval is expected in the coming months to permit backlog shipments. Summit Aerospace assets and liabilities are presented as held for sale as of September 2025. Outstanding shares: 12,925,253 common and 18,325 class A preferred.
Plaintree Systems (CSE:NPT) reported its Q1 fiscal 2026 financial results, with revenues of $6.21 million compared to $7.28 million in the same period last year. Net income reached $1.00 million, down from $1.13 million year-over-year.
The company's performance was impacted by a temporary halt in Elmira shipments due to recertification processes and tariff uncertainties. However, management expects final recertification approval for remaining appliances in the coming months, which will enable Elmira to begin shipping its accumulated backlog.
Plaintree operates through two divisions: Specialty Structures (including Triodetic Group and Spotton Corporation) and Applied Electronics (comprising Hypernetics, Summit Aerospace USA, and Elmira Stove Works).
Plaintree Systems (CSE:NPT) released its audited financial results for fiscal year 2025, reporting revenue of $23.8 million, down from $24.2 million in FY2024. The company recorded a net loss before tax of $(815,531) compared to a gain of $1.17 million in the previous year.
Key challenges included recertification delays affecting Elmira appliance shipments and US tariff uncertainties, leading to a $1.11 million inventory provision and a $995,621 impairment. The Summit division, which accumulated a $416,059 loss, was announced to close after losing its largest customer's business.
Plaintree operates through two divisions: Specialty Structures (Triodetic Group and Spotton Corporation) and Applied Electronics (Hypernetics, Summit Aerospace USA, and Elmira Stove Works).
Plaintree Systems (PTEEF) has announced the strategic wind-down of its wholly-owned subsidiary, Summit Aerospace USA Inc., with operations set to cease around August 15, 2025. The decision comes after a significant reduction in business from a major customer, with recovery deemed unlikely.
Summit Aerospace generated $2.4M in revenue in fiscal 2025, representing 10.1% of Plaintree's consolidated revenue, while recording a net loss of $416,058 (52.4% of consolidated net loss). The subsidiary accounts for 11.7% of Plaintree's consolidated total assets. The company plans to conduct an orderly liquidation of Summit's assets, focusing on minimizing disruption to stakeholders.
Plaintree Systems Inc. (CSE:NPT) has released its Q3 fiscal 2025 financial results. The company reported revenues of $4,594,952 for the quarter ending December 31, 2024, compared to $4,857,244 in the same period of fiscal 2024. The company achieved a net income of $11,745 in Q3 2025, improving from a net loss of $173,920 in Q3 2024.
For the nine-month period ending December 31, 2024, Plaintree recorded a net income of $527,299, up from $447,085 in the same period of fiscal 2024. The company operates through two divisions: Specialty Structures (including Triodetic Group and Spotton ) and Applied Electronics (comprising Hypernetics, Summit Aerospace USA Inc., and Elmira Stove Works Inc.).
Plaintree Systems reported Q2 fiscal 2025 results with revenues of $6.8M, up from $5.2M in Q2 2024. Six-month revenues reached $14.1M, compared to $12.9M in the previous year. However, the company recorded a quarterly net loss of $(610,524), versus a loss of $(43,868) in Q2 2024. The six-month period showed net income of $515,554, down from $621,005 in fiscal 2024. Management attributed the quarterly loss to timing and cost realizations on large multi-quarter projects.
Plaintree Systems Inc. (CSE:NPT) has released its Q1 fiscal 2025 results, ending June 30, 2024. The company reported revenues of $7,282,784, down from $7,752,991 in the same period last year. However, net income increased to $1,126,078 from $664,873 year-over-year. CEO David Watson highlighted improvements across the board, with gross margin rising from 27% two years ago to 34%, indicating enhanced productivity. Plaintree operates in two divisions: Specialty Structures and Applied Electronics, offering diverse products including steel structures, avionic components, and high-end kitchen appliances.
Plaintree Systems Inc. (CSE:NPT) has released its audited financial statements for the fiscal year ending March 31, 2024. The company reported revenues of $24,204,805, up from $19,943,120 in fiscal 2023. Plaintree achieved a net profit of $1,071,906, compared to a loss of $1,944,940 in the previous year. CEO David Watson highlighted increased gross margins and revenue growth as positive indicators for fiscal 2025. Plaintree operates two diversified product lines: Specialty Structures and Applied Electronics, which include businesses such as Triodetic Group, Spotton , Hypernetics, Summit Aerospace USA Inc., and Elmira Stove Works Inc.
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