Infinitii AI has Q2 operating loss of $266,595

Executive Summary

• Infinitii AI Inc. reported Q2 FY 2026 financial results showing a 2.2% sequential revenue increase to $640,827, driven by stability in its core SaaS business and 100% customer retention.
• The company completed an oversubscribed $610,000 convertible debenture financing, which significantly strengthened its balance sheet and reduced accounts payable by 33%.
• Management highlighted new strategic wins, including a major infrastructure engineering firm with 2,000+ employees in Charlotte, N.C., and another with 12,000+ employees, signaling accelerated revenue growth potential for the second half of FY 2026.

Key Details

• Revenue Performance:
  • Q2 FY 2026 Revenue: $640,827.
  • Q1 FY 2026 Revenue: $626,828.
  • Sequential Growth: 2.2% increase.
• Financing Details:
  • Type: Oversubscribed convertible debenture financing.
  • Gross Proceeds: $610,000.
  • Lead Investor: ThreeD Capital Inc.
  • Participants: Existing strategic investors and executive team.
  • Impact: Materially strengthened balance sheet; provided operational runway.
• Operational Metrics:
  • Customer Retention: 100% from end of last fiscal year to end of Q2.
  • Accounts Payable & Accrued Liabilities: Reduced by 33% to $442,636 (down from $659,693 at June 30, 2025).
  • Operating Loss: $266,595.
  • Non-Cash Charges: $40,152 in share-based payments (director-deferred share units granted Oct 2025).
  • Underlying Performance: Excluding non-cash charges, underlying operating loss improved sequentially from Q1.
• Strategic Wins & Partnerships:
  • December 2025: Established relationship with a 2,000+ employee infrastructure engineering firm; began installation of Infinitii Flowworks in Charlotte, N.C. (sewer flow monitoring and rain measurement).
  • January 2026: Accepted proposal from a 12,000+ employee infrastructure engineering firm for new projects, focusing on advanced calculations and machine learning predictive applications.
  • January 2026: Introduced Infinitii Flowworks in Ottawa, Tyendinaga Mohawk Territory (Ontario), and Greenfield, MI.
• Market Position:
  • Customer Base: Includes Seattle Public Utilities, City of Los Angeles, Miami-Dade Water & Sewer, Boston Water & Sewer Commission, Dallas Water Utilities, City of Vancouver, Region of Peel, and York Region.
  • Market Share: >90% market penetration in Greater Toronto and Hamilton Area (GTHA) wastewater utilities.
  • Technology: Infinitii Dataworks platform processes hundreds of billions of data points; cloud-agnostic architecture.
  • Partners: AECOM, Kerr Wood Leidal Associates Ltd., SCG Flowmetrix Technical Services Inc., Core & Main Inc., K2 Geospatial, TREKK Design Group LLC.

Notable Quotes

• "Closing an oversubscribed financing led by ThreeD Capital Inc. with strong participation from existing strategic investors and our executive team is a clear signal of confidence in our direction," said Jean Charles Phaneuf, chief executive officer of Infinitii AI. "That capital has materially strengthened our balance sheet and given us the operational runway to pursue new growth opportunities from a position of financial stability. With our cost structure well managed and excellent customer retention, we have recently attracted two more large engineering services firms that can help us accelerate revenues in the second half of this fiscal year."