Clear Blue Technologies International Announces Q3 2025 Results and Private Placement
Executive Summary
- Clear Blue Technologies reported Q3 2025 revenue of $953,972 (↑158% YoY) and net loss narrowed to $789,437 (‑50% YoY).
- The company secured a repeat $1.5 million order from iSat Africa for projects in four African countries, expected to ship over the next two quarters.
- Closed an initial tranche of a non‑brokered private placement raising $300,000 (6 M units at $0.05 per unit) with up‑to $1 M gross proceeds possible; proceeds earmarked for sales, business development and working capital.
Key Details
- Q3 2025 Financial Highlights
- New bookings: $745,175 (↑682% YoY).
- Revenue: $953,972 (↑158% YoY).
- Recurring revenue: $164,032 (↑60% YoY).
- Gross profit: $352,574 (↑108% YoY); gross margin 37% (down from 46%).
- Non‑IFRS Adjusted EBITDA: –$331,032 (improved 58% vs. prior year).
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Net loss: $789,437 (‑50% vs. $1,576,826 YoY).
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Year‑to‑Date (9 months) Highlights
- Bookings YTD: $4,203,699 (↑192% YoY).
- Revenue YTD: $3,139,229 (↑43% YoY).
- Gross profit YTD: $1,397,999 (↑86% YoY); gross margin 45% (up from 34%).
- Non‑IFRS Adjusted EBITDA YTD: –$942,927 (improved 57%).
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Net loss YTD: $1,174,335 (‑71% vs. $4,038,902).
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iSat Africa Order
- Repeat order valued at $1.5 million for sites in DRC, South Sudan, Liberia and Zambia.
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Shipments scheduled across Q4 2025 and Q1 2026; iSat expected to increase future investments.
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SR&ED Tax Credit Outlook
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Anticipated refundable credit of approximately $500‑$600 k pending final legislation and eligibility confirmation.
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Cost Management Initiative
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Identified additional operating expense reduction of ~C$200,000 for 2026 via cloud software licence optimization.
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Private Placement Details (Initial Tranche)
- Gross proceeds: $300,000 raised; up to C$1 M possible on full tranche.
- Units issued: 6,000,000 (each unit = 1 common share + 1 warrant).
- Price per unit: $0.05; warrant strike price $0.06, exercisable for 36 months.
- Use of proceeds: sales and business development activities, working capital.
- Finder’s fees paid: C$10,600 cash plus 177,333 finder’s warrants (exercise price $0.06).
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Regulatory conditions: pending TSXV approval; securities subject to four‑month hold period.
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Related Party Transaction
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Insiders participated; transaction qualifies for MI 61‑101 exemptions as insider participation <25% of market cap.
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Conference Call
- Date/Time: Thursday, 27 Nov 2025 at 11:00 AM ET to discuss Q3 results and 2026 outlook.
Notable Quotes
“With our larger‑scale customers actively executing their 2026 roll‑out plans, we have visibility to stronger demand in our telecom sector,” – Miriam Tuerk, CEO
“Along with the previously announced $1.5 M order from iSat, and other projects in our pipeline, we are on track for a solid start to 2026.” – Miriam Tuerk, CEO