UNISYNC Corp. Reports Q1 Fiscal 2026 Results

Core Insights - Unisync Corp. reported a net income of $0.9 million ($0.05 per share) for Q1 2026, a significant improvement from a net loss of $0.7 million ($0.04 per share) in the same quarter of the previous year, despite facing unrealized foreign exchange losses in the prior year [1][2] Financial Performance - Revenues for the three months ended December 31, 2025, were $20.9 million, a slight decrease from $21.4 million in the prior year, primarily due to lower volumes in public sector accounts, partially offset by a slight increase in airline accounts [2] - Gross margin improved to 23.7% from 19.7% year over year, driven by a more favorable sales mix, lower offshore product costs, and reduced depreciation and amortization expenses [2][7] - Adjusted EBITDA was reported at $2.7 million, representing a 12.9% margin and a 3.9% improvement year over year [7] New Business Development - The company secured an additional $7.5 million in annualized new business during the quarter, including contracts in telecommunications, quick-service restaurants, and government sectors [3] - The management of Unisync Group Limited is actively pursuing a robust pipeline of opportunities expected to materialize in Canada and the U.S. in 2026 [4] Operational Overview - The Peerless Garments segment holds $25.3 million in firm contracts and options as of December 31, 2025, and continues to seek additional contract opportunities [4] - Interest expense decreased by $0.2 million due to overall reduced borrowings, contributing to improved profitability [7]