Namsys earns $657,012 in fiscal Q1 2026

Executive Summary

• Namsys Inc. reported Q1 FY‑2026 revenue of C$2.13 M, a 10% increase year‑over‑year.
• Operating income rose 17% to C$941k and operating margin improved to 44%, while net income slipped 6% to C$657k.
• The board declared a special dividend of C$0.15 per share and completed an additional share repurchase/cancellation of 149,600 shares under its normal course issuer bid.

Key Details

• Revenue: C$2,133,875 (up 10% from C$1,941,613 YoY).
• Operating Income: C$941,293 (up 17% from C$805,015 YoY).
• Net Income: C$657,012 (down 6% from C$701,985 YoY); earnings per share = C$0.02 (previous C$0.03).
• Gross Margin: 64%, down 1 percentage point from 65% prior year.
• Operating Margin: 44%, up from 41% YoY.
• Net Cash Position: C$11,187,120, a 10% increase (+C$1,011,448) representing C$0.37 per diluted share.
• Special Dividend: C$0.15 per common share announced on Feb 25 2026; payable March 12 2026 to holders of record March 5 2026.
• Share Repurchase: Additional 149,600 common shares purchased and cancelled; total repurchased/cancelled under the normal‑course issuer bid now 182,800 shares (program commenced Mar 27 2025).
• Management Commentary: CEO Jason Siemens highlighted revenue growth, strong margins, AI integration initiatives, and a focus on sustained client value creation.

Notable Quotes

“We are pleased with our continued revenue improvement and strong margins this quarter, which validates our focus on delivering efficiency to the cash processing market… positioning Namsys for sustained growth and even greater value creation for our clients.” – Jason Siemens, President & CEO.