Nanalysis Scientific Corp. (NSCI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

This meeting is being recorded. Financial results and company highlights are the company's president, CEO and founder, Sean Krakiwsky, and CFO, Heather Kury. Following their remarks, we'll open up the call for an analyst 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 CFO, Heather Kury. Thank you, Jake, and thank you to everyone joining us on the call today for taking the time out of your day to allow us to share with you the progress we are making here in analysis. I will begin by walking through the financial results for the second quarter, which ended June 30th, 2026. All amounts referenced are in Canadian dollars. For the three months ended June 30, 2026, the company reported consolidated revenue of $9,722,000, an increase of $146,000, or 1.5%, over the corresponding period in 2025. Product revenue declined year-over-year due to the termination of third-party equipment sales, while security services revenue increased year-over-year primarily due to increased levels of project-related work associated with the airport security maintenance business. Gross margin percentage for product sales for the three months ended June 30th, 2026 was 65% compared to 61% in the corresponding period from 2025. The improvement in the second quarter was primarily attributable to operational improvements. Gross margin percentage for security services for the th...