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CALGARY, AB / ACCESS Newswire / July 15, 2026 / Reeflex Solutions Inc. (TSXV:RFX) ("Reeflex" or the "Company") is pleased to announce its financial results for the three and nine months ended May 31, 2026 ("Q3 2026").
Reeflex reported revenue of $4.8 million and net income of $0.4 million for the third quarter of fiscal 2026, marking a return to quarterly profitability following the Company's reverse take-over transaction and listing on the TSX Venture Exchange in fiscal 2025. The improvement reflects stronger operating performance from Coil Solutions Inc. ("CSI"), the absence of the non-recurring listing expense recognized in the prior year comparable period, and a moderation of professional fees from the elevated levels incurred during the Company's transition to becoming a public issuer.
Q3 2026 Financial Highlights
For the three months ended May 31, 2026, Reeflex generated revenue of $4.8 million, compared to $0.6 million for the comparable period in 2025. The increase reflects a full quarter of operating results from CSI, which was acquired by the Company on May 15, 2025.
Gross profit for Q3 2026 was $1.5 million, compared to $0.2 million in Q3 2025.
Operating income was $0.5 million in Q3 2026, compared to an operating loss of $0.2 million in Q3 2025.
Net income for Q3 2026 was $0.4 million, or $0.01 per basic and diluted share, compared to a net loss of $2.5 million, or $0.17 per basic and diluted share, in Q3 2025.
For the nine months ended May 31, 2026, Reeflex generated revenue of $10.8 million and gross profit of $2.9 million. The Company reported a net loss of $0.5 million for the nine-month period, or $0.01 per basic and diluted share.
During the nine months ended May 31, 2026, the Company generated $1.4 million of cash from operating activities, compared to cash used in operating activities of $0.5 million in the prior year comparable period.
As at May 31, 2026, Reeflex had working capital of $1.9 million, compared to $2.6 million as at August 31, 2025. Loans payable and promissory notes decreased to $2.8 million as at May 31, 2026, compared to $3.7 million as at August 31, 2025.
"Q3 was an encouraging quarter for Reeflex," said John Babic, President & Chief Executive Officer of Reeflex. "Following the significant transaction, listing and professional costs incurred as part of becoming a public company, Reeflex returned to quarterly profitability and generated positive operating cash flow on a year-to-date basis. Our focus remains on disciplined execution, strengthening operating performance and building on CSI's established platform in coiled tubing equipment, downhole tools and custom mobile equipment."