Plaintree Systems Inc. Announces First Quarter Fiscal 2026 Results
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) ha comunicato i risultati finanziari del primo trimestre dell'esercizio 2026: ricavi per $6.21 million rispetto a $7.28 million nello stesso periodo dell'anno precedente. L'utile netto è stato di $1.00 million, in calo rispetto a $1.13 million anno su anno.
La performance è stata influenzata da una sospensione temporanea delle spedizioni di Elmira dovuta a processi di ricertificazione e a incertezze sui dazi. La direzione prevede tuttavia l'approvazione finale della ricertificazione per gli elettrodomestici rimanenti nei prossimi mesi, che consentirà a Elmira di smaltire l'arretrato accumulato.
Plaintree opera attraverso due divisioni: Specialty Structures (inclusi Triodetic Group e Spotton Corporation) e Applied Electronics (composta da Hypernetics, Summit Aerospace USA e Elmira Stove Works).
Plaintree Systems (CSE:NPT) informó sus resultados financieros del primer trimestre fiscal 2026, con ingresos de $6.21 million frente a $7.28 million en el mismo periodo del año anterior. El ingreso neto alcanzó $1.00 million, por debajo de $1.13 million interanual.
El desempeño de la compañía se vio afectado por una suspensión temporal de los envíos de Elmira debido a procesos de recertificación y a la incertidumbre sobre aranceles. Sin embargo, la dirección espera la aprobación final de la recertificación para los electrodomésticos restantes en los próximos meses, lo que permitirá a Elmira enviar el retraso acumulado.
Plaintree opera mediante dos divisiones: Specialty Structures (incluyendo Triodetic Group y Spotton Corporation) y Applied Electronics (compuesta por Hypernetics, Summit Aerospace USA y Elmira Stove Works).
Plaintree Systems (CSE:NPT)는 2026 회계연도 1분기 실적을 발표했습니다. 매출은 $6.21 million으로 전년 동기 $7.28 million에서 감소했습니다. 순이익은 $1.00 million으로 전년의 $1.13 million보다 줄었습니다.
회사의 실적은 재인증 절차와 관세 불확실성으로 인해 Elmira의 출하가 일시 중단된 영향이 있었습니다. 다만 경영진은 남아 있는 가전제품에 대한 최종 재인증 승인이 향후 몇 달 내에 나올 것으로 예상하며, 그러면 Elmira는 누적된 주문 잔량을 출하할 수 있게 됩니다.
Plaintree는 Specialty Structures(Triodetic Group 및 Spotton Corporation 포함)와 Applied Electronics(Hypernetics, Summit Aerospace USA, Elmira Stove Works로 구성)라는 두 사업부로 운영됩니다.
Plaintree Systems (CSE:NPT) a publié ses résultats du premier trimestre de l'exercice 2026 : des revenus de $6.21 million contre $7.28 million sur la même période l'an dernier. Le résultat net s'est élevé à $1.00 million, en baisse par rapport à $1.13 million d'une année sur l'autre.
La performance de la société a été affectée par l'arrêt temporaire des expéditions d'Elmira en raison de processus de recertification et d'incertitudes liées aux droits de douane. Cependant, la direction s'attend à obtenir l'approbation finale de la recertification pour les appareils restants dans les prochains mois, ce qui permettra à Elmira d'expédier le retard accumulé.
Plaintree opère via deux divisions : Specialty Structures (comprenant Triodetic Group et Spotton Corporation) et Applied Electronics (constituée de Hypernetics, Summit Aerospace USA et Elmira Stove Works).
Plaintree Systems (CSE:NPT) meldete seine Finanzergebnisse für das erste Quartal des Geschäftsjahres 2026: Einnahmen von $6.21 million gegenüber $7.28 million im gleichen Zeitraum des Vorjahres. Der Nettogewinn betrug $1.00 million, nach $1.13 million im Vorjahresvergleich.
Die Entwicklung des Unternehmens wurde durch eine vorübergehende Einstellung der Lieferungen von Elmira infolge von Rezertifizierungsprozessen und Zollunsicherheiten beeinträchtigt. Das Management rechnet jedoch damit, dass die endgültige Rezertifizierung für die ausstehenden Geräte in den kommenden Monaten genehmigt wird, wodurch Elmira den aufgelaufenen Rückstand ausliefern kann.
Plaintree ist in zwei Geschäftsbereiche gegliedert: Specialty Structures (einschließlich Triodetic Group und Spotton Corporation) und Applied Electronics (bestehend aus Hypernetics, Summit Aerospace USA und Elmira Stove Works).
- None.
- Revenue declined 14.7% year-over-year to $6.21 million
- Net income decreased 11% compared to previous year
- Elmira shipments halted for six months due to recertification issues
ARNPRIOR, ON / ACCESS Newswire / August 12, 2025 / Plaintree Systems Inc. (CSE:NPT) ("Plaintree" or the "Company").
Quarterly Statements for the First Quarter of Fiscal 2026 ending June 30, 2025.
Plaintree announced today that it has released its unaudited interim consolidated financial statements and related management's discussion and analysis for the first quarter of fiscal 2026 and the three months ending June 30, 2025.
For the quarter ending June 30, 2025, Plaintree realized revenues from operations of
Net Income was
"This positive quarter was hard won, considering that the recertification process and tariff uncertainty has effectively shut down Elmira shipments for the past six months," said David Watson, CEO. "On a positive note, we have been advised that final approval of the recertification for the remaining appliances should be issued in the next few months, and following this, Elmira can begin to ship its accumulated backlog."
Additional information relating to the Company, including the financial statements, may be found on SEDAR at www.sedarplus.ca or the Company's website at www.plaintree.com.
About Plaintree Systems
Plaintree has two diversified product divisions consisting of Specialty Structures and Applied Electronics.
The Specialty Structures division includes the Triodetic Group with over 40 years of experience, is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, foundations for unstable soil conditions and flood zones, for free form structures, barrel vaults, space frames and industrial dome coverings, and Spotton Corporation, a design and manufacturer of high end custom hydraulic and pneumatic valves and cylinders.
The Applied Electronics division includes the legacy Hypernetics, Summit Aerospace USA Inc. and Elmira Stove Works Inc. businesses. Hypernetics was established in 1972 and is a manufacturer of avionic components for various applications including aircraft antiskid braking, aircraft instrument indicators, solenoids, high purity valves and permanent magnet alternators. Summit Aerospace USA Inc. provides high precision machining to the aerospace and defense markets. Our facility includes 5 axis CNC precision machining of complex castings and large ring parts such as turbine and assembly shrouds as well as assembly & pressure seals. Summit will support requirements from concept, prototype and throughout production. Elmira Stove Works Inc a manufacturer of high-end heritage and retro-styled kitchen appliances under the brand names "Northstar", "Fireview" and "Heritage".
Plaintree's shares are traded under the symbol "NPT". Shareholders and Investors can access Company information on CSE's website and receive full Company disclosure monthly. For more information on Plaintree or to receive stock quotes, complete with trading summaries, bid size and ask price, brokerage house participation, insider reports, news releases, disclosure information, and CSE and SEDAR filings, visit the CSE website at https://thecse.com/listings/plaintree-systems-inc/ or the Company's website at www.plaintree.com.
Plaintree is publicly traded in Canada on the CSE (NPT) with 12,925,253 common shares and 18,325 class A preferred shares outstanding.
This press release may include statements that are forward-looking and based on current expectations. The actual results of the company may differ materially from current expectations. The business of the company is subject to many risks and uncertainties, including changes in markets for the company's products, delays in product development and introduction to manufacturing, and intense competition. For a more detailed discussion of the risks and uncertainties related to the company's business, please refer to documents filed by the company with the Canadian regulatory authorities, including the annual report of the Company for the fiscal year ended March 31, 2025 and related management discussion and analysis.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of the content of this news release.
For further information: Robert Turley, CFO (613) 623-3434 x2282
SOURCE: Plaintree Systems, Inc.
View the original press release on ACCESS Newswire
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