Telescope Innovations Delivers Continued Strong Sales Revenue Growth in First Fiscal Quarter 2026

Core Insights - Telescope Innovations Corp. reported Q1 financial results for the fiscal quarter ended November 30, 2025, with revenues of CAD 2.7 million, a significant increase from CAD 1.2 million in Q1 FY2025, driven by product sales and new service offerings [1][5] - The company experienced an adjusted EBITA loss of CAD 829,000, compared to a loss of CAD 100,000 in the previous fiscal year [5] - The financial results align with management's budget expectations and FY 2026 targets, indicating a strategic reinvestment in operational growth [1][4] Financial Highlights - Revenues for Q1 FY2026 reached CAD 2.7 million, up from CAD 1.2 million in Q1 FY2025 [5] - Total expenses increased to CAD 3.92 million from CAD 1.55 million in Q1 FY2025 [5] - Contract Research Services generated CAD 820,000 in revenue, compared to CAD 380,000 in Q1 FY2025 [5] Operational Highlights - The company delivered its first Self Driving Laboratory (SDL) to the Korean Pharmaceutical BioPharmaceutical Manufacturers' Association (KPBMA) [5] - The proprietary ReCRFT™ process achieved over 99.9% pure Li2CO3 from battery recycling brines, with materials shipped to Cellmine Ltd. and the University of St. Andrews for testing [5] - The company received conditional approval for CAD 3.6 million in government funding for lithium recycling and solid-state battery materials technologies [5]