Business
Turnium Technology Group Reports 276% YoY Revenue Growth for Fiscal Q2 2026
Highlights: Q2 Revenue of $6.44M, up 327.2% QoQ and up 275.9% YoY; Q2 Gross Margin of $2....
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"Turnium Technology Group Reports 276% YoY Revenue Growth for Fiscal Q2 2026Highlights:Q2 Revenue of $6.44M, up 327.2% QoQ and up 275.9% YoY;Q2 Gross Margin of $2.17M, up 107.1% QoQ and up 80.2% YoY;TTGI provides financial outlook for Q3 FY2026, Q4 FY2026 and the 12-month period following the Insentra acquisitionGuidance for Q3 FY2026, ending June 30, 2026: the Company expects Revenue of $7.0M to $7.5M, and Gross Margin of 35 to 45%Guidance for Q4 FY2026, ending September 30, 2026: the Company expects Revenue of $8.0M to $8.5M, and Gross Margin of 35 to 45%For the 12 months beginning on March 1, 2026 (post the Insentra acquisition closing), the Company expects Revenue of $28M to $32M, and Gross Margin of $12.1M to $14.7M (which includes 12 months of Insentra results).Vancouver, Canada--(Newsfile Corp. - May 14, 2026) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) (\"Turnium\" or \"the Company\"), a global provider of Technology-as-a-Service (TaaS) solutions and channel-driven IT services, announces its financial results for Fiscal Q2 2026. All financial information is provided in Canadian dollars unless otherwise indicated. Doug Childress, TTGI CEO, stated, \"We expect sequential organic growth to continue, and we have initiated a cost optimization program across the Group that is expected, over time, to contribute potential operating expense reductions in the range of approximately $1.2 million to $2.4 million on an annualized basis. Together with the integration of Insentra and Claratti, these initiatives are intended to narrow our Adjusted EBITDA losses and to support our path toward profitability.\"The Consolidated Financial Statements and Management Discussion and Analysis (\"MD&A\") for the second fiscal quarter ended March 31, 2026, are available on the Company's SEDAR profile at www.sedarplus.ca.Fiscal Second Quarter 2026 Performance SummaryDuring the three months ended March 31, 2026, the Company's results reflected the impact of the acquisition of Insentra, effective January 1, 2026, and the divestiture of substantially all of the assets and contractual commitments of TNET on March 18, 2026. Insentra contributed advisory, professional and managed services activity during the quarter across Australia, the United States and the United Kingdom, with continued demand for Microsoft 365, Azure, cloud transformati...