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Titan Logix Corp. reports company developments tied to mobile liquid measurement solutions for bulk liquids transportation. Its updates cover TD Series tank level monitors, the FINCH display, overfill protection, and products designed for hazardous and non-hazardous applications across petroleum, environmental solutions, chemical, agriculture, and refined energy products markets.
Recurring news themes include interim and annual financial results, sales activity through OEM and dealer channels, product certification and commercial rollout work, integration with custody-transfer metering technology, shareholder meeting results, board committee appointments, stock option grants, and capital actions such as normal course issuer bids.
Titan Logix Corp. (TSXV: TLA) has announced the approval of incentive stock options by its Board of Directors. The company has granted a total of 250,000 stock options to three directors and an officer. These options can be exercised at $0.65 per share and will remain valid for five years, expiring on February 6, 2030. The grant was made under the company's stock option plan, which received approval at the Annual Meeting on January 23, 2025.
Titan Logix Corp. (TSXV: TLA), a mobile liquid measurement solutions technology company, has published its Annual General Meeting presentation materials from January 23, 2025, on its website. The materials outline the company's strategic growth plan, including details about its total addressable market, key focus areas, and product development initiatives. CEO Nick Forbes noted the company's progress on its strategic growth plan, emphasizing their goals for market penetration and company diversification over the next 5 years. The presentation materials are accessible on the company's investor relations webpage.
Titan Logix Corp. (TSXV: TLA) has announced the adoption of an amended and restated stock option plan, which received TSX Venture Exchange approval and shareholder approval at the January 23, 2025 annual general meeting. The Amended Option Plan maintains most features of the previous plan while introducing new provisions for cashless and net exercise options.
Key updates include compliance modifications with TSX Venture Policy 4.4 regarding corporate events, vesting terms, and hold periods. The plan caps the total reserved common shares at 3,000,000, with 1,350,000 stock options currently outstanding under the new plan's provisions.
Titan Logix Corp. (TSXV: TLA) held its annual general meeting (AGM) on January 23, 2025, where shareholders elected four directors to the board. The meeting saw a 52.9% participation rate, representing 15,094,720 common shares. All nominees were successfully elected with strong approval rates: S. Grant Reeves and Robert Tasker received 100% approval, Victor Lee received 97.84%, and Helen Cornett received 96.46% of votes.
Following the AGM, Grant Reeves was appointed as Chairman of the Board. The company also established two committees: the Audit Committee, chaired by Helen Cornett, and the Executive Compensation and Corporate Governance Committee, chaired by Victor Lee. All matters presented to shareholders were approved by the required majority.
Titan Logix Corp reported strong Q1 fiscal 2025 results with a 43% revenue increase to $2,160,000 compared to the same period last year. The company achieved one of its highest-grossing quarters in nearly a decade, driven by a fleet conversion from a successful pilot trial. Gross profit increased by $423,000 to $1,203,000, representing 56% of revenue compared to 52% in Q1 2024.
The company completed its first fleet conversion and added 7 new pilot trial customers across multiple market segments including Refined Fuels, Crude Oil, and Chemicals. Operating EBITDA improved to $664,000 compared to $206,000 in the same period last year. The company reported net earnings of $247,000 ($0.01 per share) compared to a net loss of $404,000 in Q1 2024.
Titan Logix Corp reported its fiscal 2024 results with a 10% revenue increase to $6.86 million from $6.21 million in 2023. The company achieved a gross profit of $3.46 million (51% margin) compared to $3.08 million (50%) in 2023. Net income rose to $546,000 from $83,000, resulting in earnings per share of $0.02. Operating EBITDA improved to $1.15 million from $648,000. The company noted increased product research expenses of $1.12 million, up from $373,000, supporting market diversification efforts. Management highlighted steady market share in crude and used oil segments while signaling expansion into refined fuels markets.
Titan Logix Corp. (TSXV: TPCFF) reported its fiscal 2024 Q3 results, showing increased revenue and gross profit. Q3 revenue rose 18% to $1,925,730, while gross profit increased to $1,003,660 (52% of revenue). The company saw sustained demand for TD100™ series products in crude and used oil markets. Titan is making progress with its market diversification strategy, completing two successful pilot trials in the Refined Fuels market. Despite increased product research and development expenses, the company's net loss decreased to $218,462 in Q3 2024, compared to $412,271 in Q3 2023. Operating EBITDA improved to $410,344 in Q3 2024 from $168,663 in the same period last year.
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