Tantalus Systems Holding Inc. (TSX: GRID, OTCQX: TGMPF) is frequently in the news as a technology company focused on helping utilities modernize their distribution grids by harnessing the power of data. News about Tantalus often highlights developments in its grid modernization platform, connected devices, analytics offerings and relationships with utilities.
Company announcements regularly cover financial and operating results, where Tantalus reports on revenue from its Connected Devices and Infrastructure segment and its Utility Software Applications & Services segment. These releases also discuss recurring revenue, gross profit margin, Adjusted EBITDA and liquidity, giving investors insight into the company’s performance and business mix.
Another major category of news involves product deployments and utility partnerships. Examples include large-scale migrations from legacy encoder receiver transmitter (ERT) metering infrastructure to advanced metering infrastructure using Tantalus technology, deployments of TRUSense Ethernet Gateways at utilities such as EPB, and AI-powered TRUGrid Analytics rollouts across multiple member utilities of a Joint Action Agency like the Indiana Municipal Power Agency.
Tantalus also issues news about industry recognition and corporate events, such as being named a Top 25 grid modernization vendor by Frost & Sullivan and reporting the results of its annual general and special meeting of shareholders. These updates provide context on the company’s role in the power grids industry and its governance activities.
Investors and utility professionals following TGMPF news can use this page to review earnings releases, grid modernization project announcements, analytics deployments and other corporate disclosures related to Tantalus’ data-centric approach to distribution grid modernization.
Tantalus Systems (TGMPF) reported third-quarter 2026 net income of $1.4 million, with results benefiting from one-time tariff refunds. Diluted earnings per share rose to $0.02 from $0.01 a year earlier. Reported revenue fell to $12.9 million from $14.2 million; adjusted revenue excluding tariff refunds was $14.3 million, in line with the prior year.
Adjusted gross margin rose 110 basis points to 56.0%, while adjusted EBITDA, a nonstandard earnings measure, remained $1.2 million. Annual recurring revenue increased 14% to $15.4 million. Liquidity reached $33.3 million, versus $18.3 million a year earlier, although operations used approximately $1.1 million in cash. Shipment timing was affected by partner capacity, manufacturing lead times and a customer request to defer deliveries into 2027. Tantalus added 11 utilities during the quarter; 92 utilities had ordered TRUSense Gateways by the announcement date.
Tantalus Systems (TGMPF) will release its third-quarter 2026 financial results after the market closes on November 11, 2026. The results cover the quarter ended September 30, 2026.
The company will hold a conference call and webcast on November 12, 2026, at 10:00 am Eastern Time to discuss the results. A replay will be available until November 19, 2026.
Tantalus Systems (TGMPF) joined the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index before market open on September 21, 2026.
The addition makes Tantalus a holding of the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ: GRID), which tracks the index. The fund reported approximately US$12.1 billion in net assets as of September 22, 2026. Tantalus was one of seven companies added in the index’s September 2026 semi-annual reconstitution. The index tracks companies involved in electric grid technologies, meters, energy storage and related software. Tantalus says the addition broadens its visibility among investors focused on grid modernization.
Tantalus Systems (OTCQX: TGMPF) announced a collaboration with Calix (NYSE: CALX) to deliver fiber-enabled applications to electric cooperative and municipal utilities across North America. As a Calix Partner Program member, Tantalus aims to expand its sales channel in the electric cooperative segment.
Tantalus will pair its TRUSense Fiber Gateway and TRUConnect AMI platform, part of the Tantalus Grid Modernization Platform, with Calix Optical Network Terminal technology and the AI-native Calix One platform. According to Tantalus, interoperability testing is complete and BrightRidge in Tennessee is among the first joint customers.
Tantalus Systems (OTCQX: TGMPF, TSX: GRID) reported record Q2 2026 revenue of $15.4 million, up 18% year over year, with gross profit of $8.5 million and a consolidated gross margin of 54.9% (up 190 bps). Recurring revenue was $3.6 million (23% of total), and Annual Recurring Revenue rose 13% to a record $15.0 million. The company posted a quarterly loss of $1.0 million, or $0.02 per share, while Adjusted EBITDA increased 35% to $690,000. Liquidity improved to approximately $41.3 million, including $29.3 million in cash and $12.0 million in undrawn credit.
Tantalus added five new utilities in Q2 (eight year-to-date), converted $9.9 million of orders in the quarter and $29.5 million in the first half, and expanded adoption of its TRUSense Gateway, with 77 utilities placing orders and about 6,200 units shipped. It amended its loan facility to provide up to $20 million in combined revolving credit, term loan and letters of credit capacity, and subsequently repaid an approximately $6.0 million EDC term loan. The company also launched AI-enabled analytics application TRUGrid Verify and managed service TRUGrid Advantage, both already in use by customers.
Tantalus Systems (TSX: GRID, OTCQX: TGMPF) will release its financial results for the quarter ended June 30, 2026 after market close on Wednesday, August 5, 2026. The company will host a conference call and webcast on Thursday, August 6, 2026 at 10:00 a.m. Eastern Time, with toll-free and international dial-in options and a replay available until August 13, 2026.
Tantalus Systems (TSX: GRID, OTCQX: TGMPF) amended its credit facility with Fifth Third Bank, raising aggregate commitments to up to $20.0 million.
The facility includes a $12.0 million revolver, a new $3.5 million term loan, and $4.5 million in letters of credit, with extended maturities to 2027–2029 and use of proceeds including repayment of an Export Development Canada term loan.
Tantalus Systems (OTCQX:TGMPF, TSX:GRID) reported the voting results from its June 9, 2026 annual general meeting of shareholders.
All nine management nominees were elected as directors, each receiving at least 95.51% of votes cast, and Ernst & Young LLP was appointed auditor for the ensuing year with remuneration set by the board.
Tantalus Systems (OTCQX: TGMPF) announced new AI-enabled TRUGrid Verify and the TRUGrid Advantage analytics service to support utilities' grid modernization. TRUGrid Verify uses AI to detect and correct hidden GIS and AMI data errors, while TRUGrid Advantage helps utilities maximize TRUGrid Verify, Reliability and Transformer analytics.
Tantalus Systems (OTCQX: TGMPF) reported Q1 2026 results: revenue $15.1M (≈27% YoY), gross profit $7.9M, ARR $14.8M (>15% YoY) and Adjusted EBITDA $750K. Cash was $31.9M with total available liquidity ≈$40.4M after a CAD$23.0M bought deal financing in February.
The company noted a consolidated gross margin decline to ~52.3% mainly from tariff recoveries and product mix, and flagged uncertainty around timing of potential IEEPA tariff refunds.