Nanalysis Scientific Corp. (NSCI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome and thank you for joining the Analysis Scientific Corps Q4 2025 earnings call. I am Jake Boma, an IR consultant for analysis. Today on the line discussing analysis Q4 2025 financial results and company highlights are the company's president and CEO and founder, John Krakowski, and the interim CFO, Heather Currie. Following their remarks, we will open up the call to 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 expectations, estimates, and projections. Please consider the risk factors, including those in the filings made by analysis on CDARF when reviewing this information. Also, all amounts discussed will be in Canadian dollars unless otherwise noted. With that, I would like to turn the call over to Analysis Interim CFO, Heather Currie. 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 at Analysis. I'll begin by walking us through the financial results for the fourth quarter, which ended December 31st, 2025. As Jake mentioned, all amounts are referenced in Canadian dollars. For the three months ended December 31st, 2025, the company reported consolidated revenue of 10.7 million, a decrease of 1.6 million or 13% from the comparative period in 2024. The majority of the decrease was within the scientific equipment segment, which was impacted by macroeconomic uncertainty and the shedding of our third-party retail businesses. Security services revenue remained flat year over year. with flow-through inventory revenue decreasing slightly, which is offset in cost of sales. Gross margi...