EcoSynthetix Inc. (ECO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Ecosynthetix 2026 First Results Conference Call. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided for you at the time for questions. If anyone has any difficulty hearing the conference, you may press star zero for operator assistance at any time. Synthetix Inc. from those projected in the forward-looking statements. For more information on Ecosynthetix risk and uncertainties related to these forward-looking statements, please refer to the company's annual information form dated February 17, 2026, which is posted on CDAR. This morning's call is being recorded on Wednesday, May 6, 2026, at 8.30 a.m. Eastern Time. I would now like to turn the call over to Mr. Jeff McDonald, Chief Executive Officer of Ecosynthetix. Please go ahead, sir. Thank you. Good morning, and thank you all for joining us today. Yesterday afternoon, we reported our 2026 first quarter results. Sales were $3.8 million in the quarter, a decline of 7% compared to the same period last year. Adjusted EBITDA was a loss of $340,000. an improvement of 32%. Those are disappointing figures to report, particularly after the momentum we built in the second half of 2025, including two record quarters and our first profitable year. The start to 2026 is a short-term step back. Based on current order patterns and feedback from key accounts, we expect the softness and top-line results to extend into the second quarter. With that context, Synthetix Inc. partnering with them to drive adoption within their customer base in pulp and within their supply chain in wood composites than not have them. From a long-term perspective, each one of ...