infinitii ai grows Q2 revenue following oversubscribed $610,000 financing and experiences 100% customer retention

Executive Summary

• Infinitii AI Inc. reported Q2 FY2026 revenue of $640,827, a modest 2.2% sequential increase over Q1 and highlighted 100 % customer retention.
• The company closed an oversubscribed $610,000 convertible debenture financing led by ThreeD Capital Inc., strengthening its balance sheet and providing runway for growth initiatives.
• Accounts payable fell 33 % to $442,636, reflecting improved cash management; operating loss narrowed after excluding non‑cash share‑based compensation.

Key Details

• Financing: Oversubscribed convertible debenture raising $610,000; led by ThreeD Capital Inc. with participation from existing strategic investors and executive team members.
• Revenue: Q2 FY2026 revenue of $640,827, up 2.2 % sequentially from Q1 FY2026 ($626,828).
• Operating Loss: Reported operating loss of $266,595; includes $40,152 non‑cash share‑based payments related to director‑deferred share units granted in Oct 2025. Excluding this charge, underlying operating loss improved sequentially.
• Accounts Payable & Accrued Liabilities: Decreased 33 % to $442,636 from $659,693 at June 30 2025.
• Customer Retention: Maintained 100 % retention of the existing customer base through Q2.
• New Business Relationships (Dec‑Jan):
• Signed a partnership with a 2,000+ employee infrastructure engineering firm; began installing Infinitii Flowworks in Charlotte, NC for sewer flow monitoring and rain measurement.
• Secured a proposal acceptance from a 12,000+ employee engineering firm to supply Flowworks for new projects emphasizing advanced analytics and machine‑learning capabilities.
• Expanded deployments with existing partners into Ottawa (ON), Tyendinaga Mohawk Territory (ON) and Greenfield, MI.
• Strategic Partner Network: Includes AECOM, Kerr Wood Leidal Associates Ltd., SCG Flowmetrix Technical Services Inc., Core & Main Inc., K2 Geospatial, TREKK Design Group LLC.
• Market Position: Claims >90 % market penetration in the Greater Toronto and Hamilton Area wastewater utilities; blue‑chip customer list 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, York Region.
• Future Priorities: Accelerate mobile/dashboard product adoption, upsell advanced analytics to early majority customers, forge new partnerships with global equipment manufacturers, expand U.S. market presence, and continue operational discipline to improve unit economics while investing in growth.

Notable Quotes

“Closing an oversubscribed financing led by ThreeD Capital Inc. … is a clear signal of confidence in our direction,” said Jean‑Charles Phaneuf, CEO.
“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.”