Business
Titan Logix Corp. Reports Its Fiscal 2026 Q2 and YTD Financial Results
(In $000's of Canadian dollars except for shares and per share amounts) Edmonton, Alberta--(New...
About this update from Titan Logix Corp.
[{"type":"text","content":"Titan Logix Corp. Reports Its Fiscal 2026 Q2 and YTD Financial Results(In $000's of Canadian dollars except for shares and per share amounts)Edmonton, Alberta--(Newsfile Corp. - April 21, 2026) - 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 six-month periods ended February 28, 2026. \"We are seeing traction for our new product line for the refined petroleum market at the OEM level,\" says Nick Forbes, CEO at Titan. \"Our focus for the second half of the fiscal year will be to expand our sales and marketing to a broader base of channel partners in these new markets.\" Through the first six months of fiscal 2026, the Company generated approximately $327 in revenue from the refined petroleum product line. Revenues generated from the refined petroleum product line were for new OEM tanker builds, the majority of which included the integrated Liquid Controls LCR.iQ solution. Sales activities were concentrated with a small number of OEMs, and we will continue to expand our reach to a broader set of channel partners in the coming quarters. The company will continue rolling out its Business Development and Marketing strategy to fleet customers, including a new website, targeted campaigns, and trade show exhibits. Sales from the CORE business were trending back towards expected levels in the second quarter. We are still seeing a slow recovery from the US market, although the recent surge in oil prices are expected to spur some additional fleet investment. We are unclear on the long-term forecast for oil prices, but we anticipate this will result in an increase in sales activity from the crude oil market in the coming quarters.YTD & Q2 FISCAL 2026 HIGHLIGHTSRevenue: Q2 fiscal 2026 revenue increased by $158 or 11% to $1,654 from $1,496 in Q2 fiscal 2025. For the six months ended February 28, 2026, revenue decreased by $555 or 15% to $3,101 from $3,656 in fiscal 2025, reflecting particularly strong results in Q1 fiscal 2025. Cost of sales: Q2 cost of sales increased 30% to $820, representing 50% of revenues, up from $631 or 42% of revenues in Q2 fiscal 2025. For the six-month period ended, cost of sales increased to 49% of revenues compared to 41% of revenues in the same period of fiscal 2025. The i...