Jemtec earns $92,955 in fiscal Q1 2026

Executive Summary

• Jemtec Inc. reported a quarterly profit of $92,955 for Q1 2026, up from $25,525 in the prior year‑over‑year quarter.
• Revenues grew 9 %, while direct costs fell 17 %, contributing to improved profitability.
• The company ended the quarter with $2.71 M cash and $2.52 M working capital, maintaining a debt‑free balance sheet.

Key Details

• Revenue: Up 9 % YoY, driven by contracts with Saskatchewan, CSC, interest on cash balances, and private bail clients.
• Direct Costs: Down 17 % YoY due to lower consulting fees, equipment rental/installation, monitoring & activation fees, shipping, director fees, and travel.
• Operating Expenses: Increased 1 % YoY; main drivers were share‑based payments and office expenses.
• Income Tax: Current income tax expense of $34,200 (vs. $11,000 prior year); no deferred tax expense this quarter.
• Net Income: $92,955, a 264 % increase over the comparable prior period ($25,525).
• Liquidity Position: Cash balance of $2,713,054; working capital of $2,522,220, all held in a Schedule I Canadian bank.
• Debt Status: No debt outstanding.
• Management Comment (CEO Eric Caton): Emphasized profit achievement, expense reduction, contract profitability, and confidence in future growth of the core business.

Notable Quotes

“We are pleased to record a profit and continue the process of reducing expenses and reorganizing our business model. With a greater awareness on profitable contracts, we expect the results should show positive returns going forward and we continue to see the company well positioned to grow its core business.” – Eric Caton, President & CEO

Safe harbor statements omitted for brevity.