Reeflex Solutions Inc. Announces Filing of Q2 2026 Financial Results

About this update from Reeflex Solutions Inc.

Reeflex Solutions Inc. Announces Filing of Q2 2026 Financial ResultsNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, AB / ACCESS Newswire / April 29, 2026 / Reeflex Solutions Inc. (TSXV:RFX) ("Reeflex" or the "Company") announces that it has filed its unaudited condensed consolidated interim financial statements and management's discussion and analysis ("MD&A") for the three and six months ended February 28, 2026 (the "Q2 2026 Filings"). The Q2 2026 Filings are available under the Company's profile on SEDAR+ at www.sedarplus.ca.Financial Highlights (Three and Six Months Ended February 28, 2026):The Company's results for the period reflect its first full six-month period of operations following the acquisition of Coil Solutions Inc. completed in May 2025. Revenue during the period was generated from a combination of custom equipment manufacturing, engineering parts, and service-related activities across the Company's operating divisions.The following highlights are derived from the Company's unaudited condensed consolidated interim financial statements: Three months endedFeb 28, 2026 Six months endedFeb 28, 2026 Revenue $3,103,500 $6,008,435 Gross profit $853,605 $1,408,884 EBITDA (non-IFRS) $(275,217) $(607,197)Net loss $(421,349) $(930,596)Net cash from operating activities N/A $1,174,075 EBITDA and net loss for the period were impacted by (i) the timing of revenue recognition on certain customer contracts, reflected in an increase in deferred revenue of $1,493,719 from the Company's fiscal year end, representing revenue collected but not yet recognized in the period, and (ii) elevated professional fees of $420,153 for the six months ended February 28, 2026 associated with the Company's previously disclosed restatement, annual audit completion and management cease trade order compliance process.These factors primarily relate to timing and non-recurring activities and are not indicative of the Company's underlying operating performance. Net cash from operating activities for the six-month period reflects working capital movements during the period.Operating results also reflect the ongoing integration of acquired operations and the investment in public company infrastructure, governance and reporting systems.The Company continues to maintain access to a senior secured credit facility to support working ...

View stock analysis, news, and events for Reeflex Solutions Inc.