NamSys Reports First Quarter Results

Executive Summary

• NamSys Inc. reported Q1 FY2026 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 (C$0.02 per share).
• The company announced a special dividend of C$0.15 per common 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%).
• Operating Margin: 44% (up from 41%).
• Net Cash Position: C$11,187,120, a 10% increase of C$1,011,448 versus prior C$10,175,672; equals C$0.37 per diluted share.
• Special Dividend: C$0.15 per common share declared February 25 2026, payable March 12 2026 to holders of record March 5 2026.
• Share Repurchase: Additional 149,600 common shares purchased and cancelled; total cancelled to date 182,800 shares under the Normal Course Issuer Bid that began March 27 2025.
• Management Comment: CEO Jason Siemens highlighted revenue growth, margin expansion, AI integration, and positioning for sustained growth.

Notable Quotes

“We are pleased with our continued revenue improvement and strong margins this quarter… positioning NamSys for sustained growth and even greater value creation for our clients,” – Jason Siemens, President & CEO.