Nanalysis Scientific Corp. (NSCI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, Jake, the floor is yours. Okay. Good afternoon, everyone. Welcome and thank you for joining the Analysis Scientific Corps Q3 2025 earnings call. I am Jake Boma, an IR consultant for analysis. Today on the line discussing analysis Q3 2025 financial results and company highlights are the company's president, CEO, and founder, Sean Krakowski, and CFO, Randall McRae. Following their remarks, we will open up the call for an analyst Q&A session. Before handing over the call to Sean and Randall, 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 findings made by analysis on CDAR when reviewing this information. Also, all amount discussed will be in Canadian dollars unless otherwise noted. With that, I'd like to turn the call over to Analysis CFO, Randall McRae. Thanks, Jake. It's a pleasure to join and speak with everyone on the call today. First, I'll dive into the financial results for the third quarter, which ended September 30th, 2025. All amounts referenced herein are Canadian dollars. Financial highlights for the three months ended September 30th include the company reported consolidated revenue of $9.3 million, a decrease of $1.3 million or 12% from the comparative period in 2024. Within the product sales segment, this decline was due to shedding of certain lines of business that we discontinued and macroeconomic uncertainty. Sales of capital equipment remained slow globally with increased pricing pressure, resulting in a decline in overall revenues. Within the security services segment, security services revenue increased by 10% year-over-year due to increased project work related to the airport s...