Pioneering Technology Reports 2026 Q2 Financial Results

About this update from Pioneering Technology Corp.

(via TheNewswire) Mississauga, ON June 1, 2026 – 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 unaudited financial results for the three and six months ended March 31, 2026. Pioneering’s unaudited condensed interim consolidated financial statements and MD&A are available on SEDAR+ (www.sedarplus.ca) Financial Highlights: RevenueinQ2was$565,410versus$407,148for the same period a year ago.  Gross margin for the quarter was 47% ($266,776) versus 58% ($237,728) for the same period a year ago.  Expenses for the quarter decreased to $361,040 versus $490,491 for the same period a year ago, a decrease of $129,451 or 26%.   Net lossforthe quarterwas ($105,398)versusalossof ($261,201) inQ22025.  Adjusted EBITDA was a loss of ($59,822) in Q2 2026 versus a loss of ($214,066) in Q2 2025.   Revenue for the first six months of fiscal 2026 was $1,026,545 versus was $1,120,633 in the same period in fiscal 2025.   Gross margin for the first six months was 48% ($488,332) versus 54% ($610,030) for the same period a year ago.  Expenses during the six month period decreased to $739,468 versus $880,471 for the same period a year ago.   Net lossforthe first six months was ($272,178)versusalossof ($287,417) a year ago.  Adjusted EBITDA forthe first six months was a loss of ($195,732) versus ($216,968) a year ago.  Current assets of $1.6 million and $0.5 million in working capital.    Selected Financial Highlights for the Second Quarter & Six-months Ended March 31, 2026 & 2025:   Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 Six Months Ended  March 31, 2026 Six Months Ended  March 31, 2025 Revenue $565,410 $407,148 $1,026,545 $1,120,633 Gross Profit 266,776 237,728 488,332 610,030 Expenses 361,040 490,491 739,467 880,471 Net Income (Loss) (105,398) (261,201) (272,178) (287,417) EPS Basic (Loss) $0.00 ($0.01) ($0.01) ($0.01) Adjusted EBITDA¹ (59,822) (214,066) (195,732) (216,968) 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 resu...

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