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Earnings

Baylin Announces Financial Results for the Third Quarter of 2025

By The Northwire Desk — AI Analysis Nov 05, 2025 · 17:30 BYL · 0.3 BAYLIN TECHNOLOGIES INC. J
BYL · Price

Executive Summary

  • Baylin Technologies reported Q3 2025 revenue of C$16.8 M, down 19.1% YoY, with Adjusted EBITDA of C$0.6 M (seventh consecutive quarter of positive Adjusted EBITDA).
  • Net loss narrowed to C$1.1 M for the quarter (C$0.01 per share) versus a C$1.4 M loss in Q3 2024; net debt fell to C$11.4 M, a reduction of C$2.9 M year‑over‑year.
  • The company disclosed a private placement of 90,000 Series B Redeemable Retractable Preferred Shares raising C$2.25 M and settled a litigation claim; it also announced the passing of long‑time board member Mr. Harold Wolkin.

Key Details

  • Revenue: C$16,754 K (Q3 2025) vs. C$20,709 K (Q3 2024), –19.1%.
  • Gross Profit: C$7,274 K vs. C$9,542 K, –23.8%; gross margin 43.4% vs. 46.1% YoY.
  • Adjusted EBITDA: C$586 K (continuing) vs. C$857 K prior year, –31.6%.
  • Net Loss: C$1,100 K for the quarter; basic & diluted loss per share $0.01.
  • Net Debt: C$11,364 K at 30 Sep 2025, down 24.4% YoY.
  • Backlog (continuing): C$22,645 K, down 25.1% from Q3 2024.
  • Private Placement: Completed Sep 2025 – 90,000 Redeemable Retractable Series B Preferred Shares at $25 per share, gross proceeds C$2.25 M; proceeds used to satisfy court‑ordered escrow repayment of C$1.8 M plus interest.
  • Litigation Settlement: Resolved claim by former Alga Microwave shareholders for $1 M (details in Note 8 of interim statements).
  • Board Update: Passing of Mr. Harold Wolkin, board member since 2013.
  • Outlook: Anticipates continued Q4 softness; expects revenue growth in Wireless Infrastructure and modest recovery in Embedded Antenna in FY 2026; highlights tariff mitigation efforts across business lines.
  • Conference Call: November 6 2025, 10:00 a.m. ET – CEO Leighton Carroll & CFO Cliff Gary to discuss results (dial‑in details provided).

Notable Quotes

“Despite a softer third quarter, we achieved our seventh consecutive quarter of positive Adjusted EBITDA and remain committed to cost containment, R&D investment, and margin improvement,” – Leighton Carroll, President & CEO.

Read the original news release →

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