Titan Logix Corp. Reports Its Fiscal 2025 Q3 and YTD Financial Results

Executive Summary

• Titan Logix Corp. released its interim financial results for the three- and nine-month periods ended May 31, 2025, reporting a modest 1% year-over-year revenue decline for the first nine months but a significant 23% drop in Q3 revenue due to tariff-related uncertainties in the US market.
• While YTD Operating EBITDA increased by 22% to $968, Q3 Operating EBITDA plummeted 80% to $83, driven by reduced sales volumes. The company also reported an improved net loss for the nine-month period but a widened net loss in Q3.
• The company announced progress on its new product line for the refined petroleum market, achieving CSA certification for the FINCH display and targeting field trials by the end of the fourth fiscal quarter.

Key Details

• Revenue Performance:
  • Nine-month revenue: $5,145 (down 1% or $46 from $5,191 in FY2024).
  • Q3 revenue: $1,489 (down 23% or $436 from $1,926 in FY2024).
• Profitability Metrics:
  • Nine-month Gross Profit: $2,635 (51% margin, up from 50% in FY2024).
  • Q3 Gross Profit: $708 (48% margin, down from 52% in FY2024).
  • Nine-month Operating EBITDA: $968 (up 22% from $792 in FY2024).
  • Q3 Operating EBITDA: $83 (down 80% from $410 in FY2024).
  • Nine-month Net Loss: $225 (improved from $378 in FY2024).
  • Q3 Net Loss: $421 (increased from $202 in FY2024).
• Expense Analysis:
  • Product R&D expenses for the nine months increased to $999 (from $798 in FY2024).
  • Q3 R&D expenses increased to $368 (from $285 in FY2024).
• Financial Position (As of May 31, 2025):
  • Working Capital: $15,345.
  • Total Assets: $18,602.
  • Long-term Liabilities: $494.
  • Total Equity: $17,171.
• Operational Updates:
  • Achieved CSA certification for the new FINCH display in Q3.
  • New product line based on the TD-series platform offers overfill protection, rack control, and cloud-connected digital integration.
  • Field trials for the new refined petroleum market product line are scheduled to begin by the end of the fourth fiscal quarter.
  • Continued onboarding of dealer and OEM accounts into the Titan Install mobile application and Titan Portal.

Notable Quotes

• "We are on track to begin field trials of our new product line for the refined petroleum market by the end of the fiscal year," says Nick Forbes, CEO at Titan. "This will be a key enabler for our growth into new markets by delivering innovative technology with a proven track record."