Business
Turnium Technology Group Announces Fiscal First Quarter 2026 Financial Results
Highlights:Turnium is awaiting final TSX Venture approval to close the Insentra asset acquisition - expected by the end of February 2026 TTGI continues to be optimistic about its financial outlook and provides new guidanceFor Q2 FY2026, ending March 31, 2026, the Company expects Revenue of $3.8M to $4.1M, and Gross Margin of $1.2M to $1.6M (including only 1 month of Insentra results)For the next 12 months, from March 1, 2026, the Company expects Revenue of $28M to $32M, and Gross Margin of...
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Turnium is awaiting final TSX Venture approval to close the Insentra asset acquisition - expected by the end of February 2026 ","length":125,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"TTGI continues to be optimistic about its financial outlook and provides new guidance","length":85,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"For Q2 FY2026, ending March 31, 2026, the Company expects Revenue of $3.8M to $4.1M, and Gross Margin of $1.2M to $1.6M (including only 1 month of Insentra results)","length":164,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"For the next 12 months, from March 1, 2026, the Company expects Revenue of $28M to $32M, and Gross Margin of $12.1M to $14.7M (including 12 months of Insentra results)","length":167,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":541,"olType":false},{"type":"text","content":"Vancouver, Canada--(Newsfile Corp. - February 26, 2026) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or "the Company"), a global leader in Technology-as-a-Service (TaaS) and partner enablement services, announces its financial results for Fiscal Q1 2026. All financial information is provided in Canadian dollars unless otherwise indicated.","length":382,"tagName":"p"},{"type":"text","content":"Doug Childress, CEO of Turnium, stated, "In Q1 2026 we announced major initiatives to accelerate Turnium's transformation from a product-based business to a solutions-driven company. Most impactful was the acquisition of assets from Sydney-based Insentra and its US and UK affiliates, a leading specialist in advisory, professional, artificial intelligence and managed IT services delivered exclusively through IT service provider partners. Insentra's 'Partner Obsessed™' strategy aligns with Turnium's focus on empowering global channel partners and is expected to increase Turnium's revenue profile from approximately $9 million to a projected $28 to $32 million in revenue (3.2 times increase) and an estimated EBITDA of $2.1-$4.2 million based on our March 2026 run-rate. This acquisition adds significant revenue, margin and skilled technology resources to the TTGI family, and marks a ...