Pioneering Technology Reports 2026 Q1 Financial Results

About this update from Pioneering Technology Corp.

Pioneering Technology Reports 2026 Q1 Financial Results (TheNewswire)    Mississauga, ON (March 2, 2025) – TheNewswire - Pioneering Technology Corp. (TSXV: PTE) (“Pioneering” or the “Company”), a technology company and North America’s leader in cooking fire prevention technology and products reports its audited financial results for the first quarter ended December 31, 2025. Pioneering’s unaudited condensed interim consolidated financial statements and MD&A are available on SEDAR+ (www.sedarplus.ca) Financial Highlights: RevenueinQ1was$461,135versus$713,485for the same period a year ago.  Gross margin in Q1 was 48% ($221,556) versus 52% ($372,302) in Q1 2025.  ExpensesinQ1were$378,429,adecreaseof2.9%versusQ1 2025 expenses of $389,428.   Net lossforthe quarterwas ($166,779)versusalossof ($26,215) inQ12025.  Adjusted EBITDA was a loss of ($137,239) in Q1 2025 versus a profit of $35,801 in Q1 2025.   Current assets of $1.7 million and $0.7 million in working capital.    Selected Financial Highlights for the First Quarter ended December 31, 2025 and 2024     Quarter Ended December 31, 2025 Quarter Ended December 31, 2024 Revenue $461,135 $713,485 Gross Profit 239,579 372,302 Expenses 378,428 389,979 Net Income (Loss) (166,779) (26,215) Adjusted EBITDA(1) (137,239) 35,801 EPS Basic (Loss) $(0.00) $(0.00) ¹ Adjusted EBITDA are non-IFRS measures and may not be comparable to similar financial measures   disclosed by other issuers. Please refer to “Non-IFRS Measures” at end of this press release. Pioneering CEO Kevin Callahan said of the results, “Over the past twelve months, the Company has focused on sales pipeline development, business development and new market opportunities. These activities have not yet translated to increased revenue. However, the Company believes that these activities will deliver growth via improved sales results, margins and future revenue in fiscal 2026 and going forward”.   ##    About Pioneering Technology Corp: Pioneering, based in Mississauga, Ontario is an "energy smart" technology company and North America's leader in innovative cooking fire prevention technologies and products. Our mission is simple: To help protect people and property from the number one cause of househo...

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