Business
Titan Logix Corp. Reports Its Fiscal 2025 Q3 and YTD Financial Results
(In $000's of Canadian dollars except for shares and per share amounts) Edmonton, Alberta--(News...
About this update from Titan Logix Corp.
[{"type":"text","content":"Titan Logix Corp. Reports Its Fiscal 2025 Q3 and YTD Financial Results(In $000's of Canadian dollars except for shares and per share amounts)Edmonton, Alberta--(Newsfile Corp. - July 16, 2025) - Titan Logix Corp., (TSXV: TLA) (\"Titan\" or the \"Company\"), a technology company specializing in mobile liquid measurement solutions, announces its interim results for the three- and nine-month periods ended May 31, 2025. \"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.\" The upcoming launch of our new product line, designed to meet specific customer needs in the refined fuels market, will drive new pilot trial and sales opportunities. Notably, the Company achieved CSA certification on its new FINCH display in the third quarter, and we are on track to begin field trials of the new product line by the end of the fourth fiscal quarter. This product, based on our proven TD-series platform, offers several key differentiators:Reliable overfill protection and rack control, giving refined petroleum fleets flexibility in rack, and non-rack loading environments.Enhanced safety and efficiency, displaying highly accurate liquid level measurement with improved performance over previous generation TD-series products.A compelling value proposition for fleet operators through integration with Titan's cloud-connected digital strategy.In parallel, Titan continued onboarding key dealer and OEM accounts into its Titan Install mobile application and Titan Portal back-office platform. These tools have been praised by channel partners for their intuitive design, ease of use, and modern capabilities. Our digital strategy remains a core differentiator, strengthening Titan's market position.YTD & Q3 FISCAL 2025 HIGHLIGHTSRevenues for the first nine months of fiscal 2025 were consistent with fiscal 2024 with only a modest decrease of $46 or 1% to $5,145 compared to $5,191 for the same period in fiscal 2024. However, revenues for the third quarter of fiscal 2025 decreased by $436 or 23% to $1,489 compared to $1,926 in the third quarter of fiscal 2024, as the uncertainty and threat of tariffs on sales to the Company's US mar...