Nanalysis Scientific Corp. (NSCI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning or afternoon to our European shareholders, everyone. Welcome and thank you for joining Nanalysis Scientific Corp's Q1 2026 earnings call. I'm Jake Boma, an IR consultant for Nanalysis. Today on the line discussing analysis is Q1 2026 financial results and company highlights are the company's president, CEO, and founder, Sean Krutuski, and interim CFO, Heather Curry. Following their remarks, we'll open up the call for a Nanalysis Q&A session. Before handing over the call to Sean and Heather, please note that information we present today could contain forward-looking information that is based on management's expectations, estimates, and projections. Please consider the risk factors, including those in the filings made by analysis on CDAR when reviewing this information. Also, all amounts discussed will be in Canadian dollars unless otherwise noted. With that, I'd like to turn the call over to Analysis Interim CFO, Heather Khakri. Thank you, Jake. And thank you to everyone joining us on the call for taking the time out of your day to allow us to share with you the progress we are making here at Nanalysis. I will begin by walking through the financial results for the first quarter, which ended March 31st, 2026. For the three months ending March 31st, 2026, the company reported consolidated revenue of $10,667,000, an increase of $73,000, or 1% from the comparative period in 2025. While there was a decline in product revenue due to lower benchtop sales and the termination of third-party equipment sales contracts, security services revenue increased primarily due to higher levels of project-related work associated with the airport security maintenance business. Gross margin percentage for product sales for the three months ended March 31, 2026, was 58% versus 6...