Northwire Canada EditionTuesday, July 14, 2026
Northwire
TLO 5.87 +10.6% ADE 0.135 +0.0% FAIR 0.055 +22.2% SVRS 0.425 −1.2% RES 0.035 +0.0% CYG 0.120 +0.0% MGG 0.315 −4.5% BUFF 0.780 +4.0% TKO 11.14 +11.8% MINK 0.100 −4.8% LCE 0.250 +0.0% AEF 0.160 +0.0% BEM 0.095 +5.6% APMI 0.120 +0.0% LIO 0.135 +3.9% TLO 5.87 +10.6% ADE 0.135 +0.0% FAIR 0.055 +22.2% SVRS 0.425 −1.2% RES 0.035 +0.0% CYG 0.120 +0.0% MGG 0.315 −4.5% BUFF 0.780 +4.0% TKO 11.14 +11.8% MINK 0.100 −4.8% LCE 0.250 +0.0% AEF 0.160 +0.0% BEM 0.095 +5.6% APMI 0.120 +0.0% LIO 0.135 +3.9%
Earnings

Emerge Commerce pegs Q3 adj. EBITDA midpoint at $225K

ECOM · Price

Executive Summary

  • Emerge Commerce Ltd. released preliminary unaudited Q3 2025 results showing revenue of $7.0 M (up 58% YoY) and adjusted EBITDA expected between $200k‑$250k, a swing from a $254k loss in Q3 2024.
  • Cash balances increased to $4.0 M as of Sept. 30 2025, up from $3.5 M three months earlier and $1.6 M a year ago.
  • CEO Ghassan Halazon will present these results and the company’s outlook at an investor webcast (Planet MicroCap Showcase) on Oct. 22 2025, with full Q3 results slated for release in late November 2025.

Key Details

  • Revenue: $7.0 million for Q3 2025 vs. $4.4 million in Q3 2024 (↑58% YoY).
  • Adjusted EBITDA: Expected $200k‑$250k for Q3 2025 vs. a loss of ($254k) in Q3 2024 (improvement of ~$450k‑$500k YoY).
  • Cash Position: $4.0 million at Sept. 30 2025; prior balances were $3.5 million (June 30 2025) and $1.6 million (Sept. 30 2024).
  • Full Results Timing: Complete audited Q3 2025 financials to be filed in late November 2025.
  • Webcast Details:
  • Date: Wednesday, Oct. 22 2025
  • Time: 1:30 p.m. ET (Toronto)
  • Platform: Planet MicroCap Showcase (virtual corporate presentation).
  • Content: Operational progress, upcoming plans, pipeline discussion, Q&A session; followed by ~20 one‑on‑one investor meetings over the three‑day event.

Notable Quotes

“Our preliminary Q3 results demonstrate exceptional year-over-year growth across revenue, adjusted EBITDA and cash… We look forward to reporting our full Q3 financial results in late November, with the team's preparations now in full swing for the busy Q4 holiday shopping season ahead.” – Ghassan Halazon, Founder & CEO


Materiality Assessment: Material – Positive (preliminary earnings indicate significant revenue growth and a turnaround to positive EBITDA).

Read the original news release →

More from Emerge Commerce Ltd