Dr. Phone Fix loses $497,000 in Q3

Executive Summary

• Dr. Phone Fix Canada Corp. reported strong Q3 2025 financial results, including a 14% year-over-year revenue increase to $3.27 million and a significant improvement in Adjusted EBITDA to $420,000 (up 181% from Q3 2024).
• The company announced a definitive agreement to acquire Geebo Device Repair Inc., a six-store chain in Nova Scotia, which will expand its footprint to 41 stores upon closing.
• Subsequent to the quarter-end, the company completed an oversubscribed $2.57 million non-brokered private placement and secured an exclusive partnership with the Alberta Motor Association.

Key Details

• Q3 2025 Financial Highlights:
  • Revenue: $3.27 million (up 14% from $2.87 million in Q3 2024).
  • Gross Profit: $1.75 million (up 9%); Gross Margin: 53.5%.
  • Operating Expenses: Decreased 3% despite adding a store.
  • Adjusted EBITDA: $420,000 (up 181% from $150,000 in Q3 2024).
  • Cash Position: $770,000.
• Year-to-Date (YTD) Financial Highlights:
  • Revenue: $8.32 million (up 10% from $7.58 million).
  • Gross Profit: $4.53 million (up 11%); Gross Margin improved to 54.4%.
  • Adjusted EBITDA: $700,000 (compared to a loss of $700,000 in the prior year period).
  • Operating Expenses (SG&A): $6.05 million (up 6%); excluding share-based compensation, expenses decreased by ~$200,000.
• M&A Activity:
  • Definitive agreement to acquire substantially all assets of Geebo Device Repair Inc. (6 stores in Nova Scotia).
  • Post-acquisition footprint will expand to 41 stores.
  • Target to open 4 additional stores by end of 2025, reaching 45 total locations.
• Financing:
  • Completed an oversubscribed $2.57 million non-brokered private placement in two tranches.
  • Proceeds designated for growth capital, acquisitions, store expansion, and partnership investments.
• Strategic Partnerships & Operations:
  • Exclusive partnership with Alberta Motor Association (AMA) providing discounted services to over 1 million members.
  • Expanded partnership with Assurant (July 2025) to strengthen CPO device sales channels.
  • Signed two new store leases (Alberta and Ontario) with openings scheduled for the coming months.
  • Recognized as Canada's Sustainable Business of the Year.
  • Network rating of 4.9 stars with over 30,000 reviews.

Notable Quotes

• "Q3 demonstrated strong same-store sales performance, stable margins and meaningful positive EBITDA improvement, supported by continued operational discipline and expanding national partnerships... Year to date, adjusted EBITDA has reached $700,000, an improvement of more than 1,000 per cent, highlighting the strength of our operating model as we scale." — Piyush Sawhney, CEO
• "Looking ahead, our growth playbook combines measured new store openings with a disciplined M&A strategy to accelerate scale... Our strategy remains to target high-quality operators, deepen our procurement and refurbishment capabilities, strengthen insurer and OEM program access, and leverage our proven operating playbook to drive cash generation at the unit level." — Piyush Sawhney, CEO