Reeflex Solutions Inc. Announces Financial Results for the Three and Nine Months Ended May 31, 2025, and Provides Corporate Update

Core Viewpoint - Reeflex Solutions Inc. reported improved operating results in the third quarter of fiscal 2025, indicating a recovery in customer purchasing activity after a challenging first half due to deferred capital spending [3][6]. Financial Summary - Revenue for the three months ended May 31, 2025, was $3.3 million, a decrease of 13.2% from $3.8 million in the same period of fiscal 2024 [4]. - Gross profit for the same period was $1.7 million, down from $1.9 million year-over-year [4]. - Adjusted EBITDA was $0.4 million, compared to $0.6 million in the same quarter of the previous year [4]. - The net loss for the three months was $3.2 million, which included a one-time non-cash listing expense of $3.4 million; excluding this, the normalized net income would be $0.3 million [7]. - For the nine months ended May 31, 2025, revenue totaled $8.9 million, down from $12.8 million in the same period of fiscal 2024 [4]. Recent Developments - The company completed a reverse take-over of Bigstack Opportunities I Inc. and began trading on the TSX Venture Exchange under the symbol "RFX" [8][10]. - A $1.5 million credit facility was finalized with the Royal Bank of Canada, enhancing the company's financial position [8]. - The company reported positive working capital of $3.9 million as of May 31, 2025, with minimal bank debt [7]. Market Position and Strategy - Reeflex has an installed base of over 172 coiled tubing injectors, which provides a predictable stream of annual parts and service revenue, positioning the company to benefit from sustained activity in the energy sector [6]. - The company is optimistic about continued recovery in customer demand and plans to invest in new market opportunities, product enhancements, and operational efficiencies [9].