NEXE Innovations Reports Q3 2026 Results and Business Update

About this update from Nexe Innovations Inc

NEXE Innovations Reports Q3 2026 Results and Business Update WINDSOR, Ontario, April 29, 2026 (GLOBE NEWSWIRE) -- NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended February 28, 2026 ("Q3 2026"). The quarter reflects the seasonal softness typical of the North American coffee industry in the post-holiday period, and the negative impact of tariffs that were implemented post-Q3 2025. However, management believes Q3 results reflect the continued structural improvement in unit economics, disciplined cost control, and meaningful progress toward scale. Most significantly, subsequent to quarter-end, NEXE announced that a key commercial partner has committed to transitioning the majority of its single-serve pod volumes from plastic to NEXE's BPI-certified compostable platform — a development management believes represents meaningful validation that the Company's capital-efficient commercialization strategy is progressing as intended. Q3 2026 Results Revenue Growth: Revenue for Q3 2026 was $142,758, compared to $173,721 in Q3 2025. Q3 is impacted by the seasonal dynamics of the North American coffee trade cycle, where commercial buyers historically manage inventory levels in the December–February period ahead of spring re-orders. This year the impact of the U.S. tariffs further impacted results. On a trailing nine-month basis, revenues of $461,886 represent an 86.5% increase over the comparable prior-year period of $247,622, and exceed total full-year fiscal 2025 revenues of $307,543 — with one quarter remaining in the fiscal year.Gross Margin: Gross loss narrowed to $(6,392), compared to $(88,675) in Q3 2025 — an improvement of 92.8%. Management believes this improvement reflects the benefit of production scale, process optimization, and a more normalized order mix relative to the prior year period, which carried outsized setup and fulfillment costs. NEXE shipped pods across eight SKUs during the quarter, including two newly launched products, fulfilling orders for ecoBeans Coffee, Bridgehead Coffee, and a North American office coffee services distributor.Cost Control: Selling, general and administrative expenses declined 20.6% year-over-year to $1,004,...

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