Titan Logix Corp. Reports its Fiscal 2025 Q2 and YTD Financial Results
Titan Logix Corp (TSXV: TLA) has reported its Q2 and YTD fiscal 2025 results, marking significant progress in its digital strategy. The company launched Titan Install and Titan Portal commercially in Q2, successfully onboarding 18 dealers, OEMs, and service providers.
YTD revenues increased 12% to $3,656,000 CAD, while Q2 revenues decreased 15% to $1,496,000 CAD due to US market tariff uncertainties. Gross profit for the first six months rose to $1,927,000 (53% margin), though Q2 gross profit declined to $724,000 (48% margin).
The company's Operating EBITDA improved 84% YTD to $885,000, despite a 20% Q2 decline to $221,000. Net income improved to $196,000 YTD from a previous loss, while Q2 showed a net loss of $51,000. The company maintains a strong financial position with working capital of $16,131,000 and total assets of $19,066,000.
Titan Logix Corp (TSXV: TLA) ha riportato i risultati del secondo trimestre e dell'anno fiscale 2025, segnando progressi significativi nella sua strategia digitale. L'azienda ha lanciato commercialmente Titan Install e Titan Portal nel secondo trimestre, riuscendo ad integrare con successo 18 rivenditori, OEM e fornitori di servizi.
Le entrate da inizio anno sono aumentate del 12% a $3.656.000 CAD, mentre le entrate del secondo trimestre sono diminuite del 15% a $1.496.000 CAD a causa delle incertezze tariffarie nel mercato statunitense. Il profitto lordo per i primi sei mesi è salito a $1.927.000 (margine del 53%), anche se il profitto lordo del secondo trimestre è sceso a $724.000 (margine del 48%).
Il Operating EBITDA dell'azienda è migliorato dell'84% da inizio anno a $885.000, nonostante una diminuzione del 20% nel secondo trimestre, scendendo a $221.000. Il reddito netto è migliorato a $196.000 da inizio anno rispetto a una perdita precedente, mentre il secondo trimestre ha mostrato una perdita netta di $51.000. L'azienda mantiene una solida posizione finanziaria con un capitale circolante di $16.131.000 e attivi totali di $19.066.000.
Titan Logix Corp (TSXV: TLA) ha reportado sus resultados del segundo trimestre y del año fiscal 2025, marcando un progreso significativo en su estrategia digital. La compañía lanzó comercialmente Titan Install y Titan Portal en el segundo trimestre, incorporando con éxito a 18 distribuidores, OEM y proveedores de servicios.
Los ingresos acumulados aumentaron un 12% a $3,656,000 CAD, mientras que los ingresos del segundo trimestre disminuyeron un 15% a $1,496,000 CAD debido a las incertidumbres arancelarias en el mercado estadounidense. El beneficio bruto para los primeros seis meses aumentó a $1,927,000 (margen del 53%), aunque el beneficio bruto del segundo trimestre disminuyó a $724,000 (margen del 48%).
El Operating EBITDA de la compañía mejoró un 84% acumulado a $885,000, a pesar de una disminución del 20% en el segundo trimestre a $221,000. El ingreso neto mejoró a $196,000 acumulado desde una pérdida anterior, mientras que el segundo trimestre mostró una pérdida neta de $51,000. La compañía mantiene una sólida posición financiera con un capital de trabajo de $16,131,000 y activos totales de $19,066,000.
타이탄 로직스 코퍼레이션 (TSXV: TLA)는 2025 회계연도 2분기 및 연간 결과를 보고하며 디지털 전략에서 중요한 진전을 이뤘습니다. 이 회사는 2분기에 타이탄 인스톨과 타이탄 포털을 상업적으로 출시하여 18개의 딜러, OEM 및 서비스 제공업체를 성공적으로 온보딩했습니다.
연간 수익은 12% 증가하여 3,656,000 CAD에 달했으나, 2분기 수익은 미국 시장의 관세 불확실성으로 인해 15% 감소하여 1,496,000 CAD에 그쳤습니다. 첫 6개월 동안의 총 이익은 1,927,000 CAD(53% 마진)로 증가했지만, 2분기 총 이익은 724,000 CAD(48% 마진)로 감소했습니다.
회사의 운영 EBITDA는 연간 84% 개선되어 885,000 CAD에 달했으나, 2분기는 20% 감소하여 221,000 CAD에 그쳤습니다. 순이익은 이전 손실에서 개선되어 연간 196,000 CAD에 달했으나, 2분기에는 51,000 CAD의 순손실이 발생했습니다. 이 회사는 16,131,000 CAD의 운전자본과 19,066,000 CAD의 총 자산을 보유하며 강력한 재무 상태를 유지하고 있습니다.
Titan Logix Corp (TSXV: TLA) a publié ses résultats du deuxième trimestre et de l'exercice fiscal 2025, marquant des progrès significatifs dans sa stratégie numérique. L'entreprise a lancé commercialement Titan Install et Titan Portal au cours du deuxième trimestre, intégrant avec succès 18 distributeurs, OEM et prestataires de services.
Les revenus cumulés ont augmenté de 12 % pour atteindre 3 656 000 CAD, tandis que les revenus du deuxième trimestre ont diminué de 15 % pour s'établir à 1 496 000 CAD en raison des incertitudes tarifaires sur le marché américain. Le bénéfice brut pour les six premiers mois a augmenté à 1 927 000 CAD (marge de 53 %), bien que le bénéfice brut du deuxième trimestre ait diminué à 724 000 CAD (marge de 48 %).
Le Operating EBITDA de l'entreprise a augmenté de 84 % depuis le début de l'année pour atteindre 885 000 CAD, malgré une baisse de 20 % au deuxième trimestre à 221 000 CAD. Le revenu net a augmenté à 196 000 CAD depuis le début de l'année, après une perte précédente, tandis que le deuxième trimestre a montré une perte nette de 51 000 CAD. L'entreprise maintient une solide position financière avec un fonds de roulement de 16 131 000 CAD et des actifs totaux de 19 066 000 CAD.
Titan Logix Corp (TSXV: TLA) hat seine Ergebnisse für das zweite Quartal und das laufende Geschäftsjahr 2025 veröffentlicht und dabei erhebliche Fortschritte in seiner digitalen Strategie erzielt. Das Unternehmen hat Titan Install und Titan Portal im zweiten Quartal kommerziell eingeführt und erfolgreich 18 Händler, OEMs und Dienstleister gewonnen.
Die Einnahmen seit Jahresbeginn stiegen um 12 % auf 3.656.000 CAD, während die Einnahmen im zweiten Quartal aufgrund von Tarifunsicherheiten auf dem US-Markt um 15 % auf 1.496.000 CAD zurückgingen. Der Bruttogewinn für die ersten sechs Monate stieg auf 1.927.000 CAD (53 % Marge), während der Bruttogewinn im zweiten Quartal auf 724.000 CAD (48 % Marge) fiel.
Das Operating EBITDA des Unternehmens verbesserte sich seit Jahresbeginn um 84 % auf 885.000 CAD, trotz eines Rückgangs im zweiten Quartal um 20 % auf 221.000 CAD. Der Nettogewinn stieg seit Jahresbeginn auf 196.000 CAD von einem vorherigen Verlust, während das zweite Quartal einen Nettverlust von 51.000 CAD aufwies. Das Unternehmen hat eine starke finanzielle Position mit einem Betriebskapital von 16.131.000 CAD und Gesamtvermögen von 19.066.000 CAD.
- YTD revenue increased 12% to $3,656,000 CAD
- YTD gross profit margin improved to 53% from 49%
- Operating EBITDA increased 84% YTD to $885,000
- Strong working capital position of $16,131,000
- Successful launch of Titan Install and Portal with 18 client onboardings
- Q2 revenue decreased 15% to $1,496,000 CAD
- Q2 net loss of $51,000 compared to previous year's profit
- Q2 Operating EBITDA declined 20% to $221,000
- Increased product R&D expenses by $118,000
- US market uncertainty due to tariff threats
(In
Edmonton, Alberta--(Newsfile Corp. - April 7, 2025) - Titan Logix Corp., (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announces its interim results for the three- and six-month periods ended February 28, 2025.
"Titan has reached another key milestone in its strategic growth plan," says Nick Forbes, CEO at Titan. "We are excited to announce the commercial launch of Titan Install and Titan Portal in the second quarter, which represents a major milestone in the company's digital strategy. We remain focused on the execution of our strategy, as we navigate the uncertainty with cross-border trade relations."
The company has made significant progress on our product R&D roadmap in the second quarter. We are on track to launch a new hardware platform by the end of the fiscal year to solve specific challenges fleet operators face in the refined petroleum market. The new hardware platform will enable our dealers and OEMs to provide a tailored offering to their customers and accelerate market penetration. CSA certification for our new hardware is expected to be completed in the next fiscal quarter, signaling a high degree of confidence for market readiness. The platform is a modified version of our proven TD-series technology and differentiates Titan from the competition in the refined petroleum market by:
Competing directly with other overfill protection solutions, an industry requirement in refined petroleum
Increasing safety, efficiencies, and confidence in the loading process with our liquid level measurement
Creating new value for fleet operators, leveraging our digital strategy and cloud-connected products
Titan achieved another key milestone in our digital strategy with the commercial launch of Titan Install and Titan Portal in the second quarter. The company has rebranded TDS (Titan Data Services) to Titan Portal as part of the launch. This new offering will ultimately replace our legacy installation software, SensorLink, and simplifies the installation process for all Titan products. Titan Install is an app-based tool used by installers to configure and troubleshoot hardware on the shop floor or in the field. Titan Portal is a web-based tool that tracks, stores, and manages all the field activities performed on Titan Install and T-Connect. We have successfully onboarded 18 of our dealers, OEMs, and service providers in the second quarter. We can confidently say that the launch of Titan Install and Titan Portal has been a success.
Our investment strategy is to commit the necessary resources to penetrate new mobile liquid market segments, and the development of value-added products and software solutions to these market segments. The Company invests its non-operating cash reserves in conservative interest-bearing accounts and marketable securities. Acquisition opportunities are considered where it complements our growth strategy or enables the monetization of our connected strategy.
YTD & Q2 FISCAL 2025 HIGHLIGHTS
Revenues for the first six months of fiscal 2025 increased by
$391 or12% to$3,656 compared to$3,265 for the same period in fiscal 2024. However, revenues for the second quarter of fiscal 2025 decreased by$255 or15% to$1,496 compared to$1,751 in the second quarter of fiscal 2024, as the uncertainty and threat of tariffs on sales to the Company's US market had a negative impact on the current quarter.Gross Profit through the first six months of fiscal 2025 increased by
$325 t o$1,927 or53% of revenues compared to$1,603 or49% of revenues in the comparative period. The increase in gross profit resulted from an increase in volume, lower key manufacturing input costs and stronger US dollar when compared to the same period in fiscal 2024. Gross Profit decreased by$98 t o$724 or48% of revenue in the second quarter of fiscal 2025 compared to$823 or47% of revenue in the same quarter of fiscal 2024 due mainly to reduced revenue volume.The performance of the CORE business, measured by Operating EBITDA(1), has increased by
84% through the first six months of the fiscal 2025 to$885 , compared to$481 t hrough same period in fiscal 2024. Operating EBITDA(1) declined by$54 or20% in the second quarter of fiscal 2025 however, with reported of$221 compared to$275 in the same period of fiscal 2024.Product research and development expenses increased by
$118 t o$632 in the current fiscal 2025 year compared to$513 in the same period of fiscal 2024, with the second quarter product research and development expenses increasing by$51 t o$298 in the current fiscal quarter compared to$247 in the same quarter of fiscal 2024. The expenses incurred support the Company's diversification and growth into new markets.The Company's net income has improved by
$356 t o$196 in the current fiscal year compared to a net loss of$160 in the same period of fiscal 2024. Net income in the second quarter decreased by decreased by$295 t o a net loss of$51 compared to net income of$244 in the second quarter of fiscal 2024.
Financial Highlights Summary
| Three months ended | Six months ended | |||
| 2025 | 2024 | 2025 | 2024 | |
| $ | $ | $ | $ | |
| Revenue | 1,496 | 1,751 | 3,656 | 3,265 |
| Cost of sales | (772) | (928) | (1,729) | (1,662) |
| Gross profit | 724 | 823 | 1,927 | 1,603 |
| Gross margin (%) | ||||
| Operating EBITDA (1) | 221 | 275 | 885 | 481 |
| Product research and development expenses (1) | (298) | (247) | (632) | (513) |
| EBITDA (1) | (77) | 28 | 254 | (32) |
| Net earnings (loss) | (51) | 244 | 196 | (160) |
| EPS - Basic and Diluted | (0.00) | 0.01 | 0.01 | (0.01) |
| Financial Position | As at February 28, 2025 | As at August 31, 2024 | ||||
| Working capital | $ | 16,131 | $ | 14,139 | ||
| Total assets | $ | 19,066 | $ | 19,022 | ||
| Long-term liabilities | $ | 530 | $ | 600 | ||
| Total equity | $ | 17,787 | $ | 17,502 | ||
| (1) See Non-IFRS measures below. | ||||||
The Company's unaudited, condensed, consolidated interim financial statements and the management's discussion and analysis ("MD&A") which includes the Company's Business Outlook, for the three- and six-month periods ended February 28, 2025, are available on SEDAR+ at www.sedarplus.ca and the Company's website, www.titanlogix.com.
NON-IFRS MEASURES
The Company uses certain measures in this MD&A that do not have a standardized meaning as prescribed by IFRS (International Financial Reporting Standards) and thus are prohibited from being disclosed in the consolidated financial statements. These measures, which are derived from information reported in the Company's consolidated financial statements, may not be consistent with similar measures presented and disclosed by other reporting issuers. However, management believes that this information provides increased insight into the Company's strategic plan to address the broader mobile liquid markets. Readers are cautioned that these Non-IFRS measures should not be construed as alternatives to other measures of financial performance calculated in accordance with IFRS.
The table below provides a reconciliation of the Company's EBITDA and Operating EBITDA to the Operating income (loss) before other items per the interim consolidated financial statements for the periods presented:
| Fiscal Period Ended | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 |
| Operating loss before other items | (255) | (89) | (28) | (247) |
| Add: Depreciation and amortization | 96 | 97 | 193 | 184 |
| Add: Non-cash stock-based compensation | 82 | 20 | 89 | 31 |
| EBITDA | (77) | 28 | 254 | (32) |
| Add: Product research and development expenses (1) | 298 | 247 | 632 | 513 |
| Operating EBITDA | 221 | 275 | 885 | 481 |
The table below, removes the recurring engineering expenses from the total to isolate the product research and development expenses excluded in Management's calculation of Operating EBITDA:
| Fiscal Period Ended | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 |
| Engineering, product research and development expenses | (331) | (302) | (692) | (616) |
| Less: Recurring engineering expenses | 33 | 54 | 61 | 103 |
| Product research and development expenses | (298) | (247) | (632) | (513) |
A detailed definition of these Non-IFRS measures can be reviewed in the Company's MD&A
About Titan Logix Corp.:
For over 25 years, Titan Logix Corp. has designed and manufactured mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquids transportation. Titan's TD Series of tank level monitors are a market leader in mobile fluid measurement, and are known for their high level of accuracy, rugged design, and solid-state reliability. Our solutions are designed for hazardous and non-hazardous applications, and we serve customers in a wide range of applications including petroleum, environmental solutions, chemical, and agriculture.
Founded in 1979, Titan Logix Corp. is a public company listed on the TSX Venture Exchange and its shares trade under the symbol TLA.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information in this press release that is not current or historical factual information may constitute forward looking information within the meaning of securities laws. Implicit in this information are assumptions regarding our future operational results. These assumptions, although considered reasonable by the company at the time of preparation, may prove to be incorrect. Readers are cautioned that the actual performance of the company is subject to many risks and uncertainties and could differ materially from what is expected as set out above. For more exhaustive information on these risks and uncertainties you should refer to our Management Discussion and Analysis in respect of the year ended August 31, 2024, which is available at www.sedarplus.ca. In addition, the occurrence of pandemics, such as the outbreak of the novel coronavirus COVID-19 in any of the areas in which the Company, its customers or its suppliers operate could cause interruptions in the Company's operations. In addition, pandemics, natural disasters, or other unanticipated events could negatively impact the demand for, and price of, oil and natural gas which in turn could have a material adverse effect on the Company's business, financial condition, results of operations and cash flows. The forward-looking information contained in this press release is based on our current estimates, expectations, and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any time, whether a result of new information, future events or otherwise, except as required by applicable securities law
Contact Information:
Nick Forbes
Chief Executive Officer
Ph: (403) 561-8095
Email: invest@titanlogix.com
www.titanlogix.com
TSX Venture, TLA
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247710
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