Core Viewpoint - Titan Logix Corp. successfully held its annual general meeting, where all six proposed director nominees were elected, indicating strong shareholder support for the company's leadership [1][2]. Group 1: Election Results - A total of 13,982,949 common shares were represented at the AGM, accounting for 51.12% of the votes attached to all outstanding shares [2]. - The voting results for each nominee were as follows: - S. Grant Reeves: 11,949,998 votes (85.92% for, 14.08% withheld) - Helen Cornett: 11,914,998 votes (85.67% for, 14.33% withheld) - Victor Lee: 12,649,298 votes (90.95% for, 9.05% withheld) - Christopher Del Vecchio: 13,872,498 votes (99.75% for, 0.25% withheld) - Nicholas Forbes: 13,872,498 votes (99.75% for, 0.25% withheld) - Robert Tasker: 12,886,498 votes (92.66% for, 7.34% withheld) [2]. Group 2: Board Appointments - Following the AGM, Grant Reeves was appointed as Chairman of the Board [3]. - The Audit Committee was formed with members including Helen Cornett (Chair), Victor Lee, Grant Reeves, Christopher Del Vecchio, and Robert Tasker [3]. - The Executive Compensation and Corporate Governance Committee was established with Victor Lee as Chair, alongside Grant Reeves, Helen Cornett, Christopher Del Vecchio, and Robert Tasker [3]. Group 3: Company Overview - Titan Logix Corp. has over 25 years of experience in designing and manufacturing mobile liquid measurement solutions, aimed at reducing risk and maximizing efficiencies in bulk liquids transportation [4]. - The company's TD Series of tank level monitors is recognized as a market leader, known for high accuracy, rugged design, and solid-state reliability [4]. - Titan serves a diverse range of industries, including petroleum, environmental solutions, chemical, and agriculture [4].

Core Insights - Titan Logix Corp. reported a significant decline in revenue for the first quarter of fiscal 2026, with a decrease of $713, or 33%, to $1,447 compared to $2,160 in the same period of fiscal 2025, primarily due to a large fleet conversion sale in the prior year and a modest decrease in demand in its core market [4][5] - The company announced an integration partnership with Liquid Controls, enhancing its market presence in the refined fuels sector and providing automated inventory management solutions for fleet operators [2] Financial Performance - Revenue for Q1 fiscal 2026 was $1,447, down from $2,160 in Q1 fiscal 2025, reflecting a 33% decrease [5] - Cost of sales increased to 59% of revenues, up from 44% in the same period last year, indicating a rise in fixed costs associated with new product releases and market penetration [5] - Gross profit fell to $588, representing 41% of revenue, down from $1,203 or 56% in the previous year, driven by reduced revenues and increased fixed costs [5][6] - The company reported an Operating EBITDA loss of $73 compared to a profit of $663 in Q1 fiscal 2025, highlighting a significant decline in core business performance [5][6] - Net earnings decreased to a loss of $340 in Q1 fiscal 2026 from a profit of $246 in the same period last year, attributed to lower revenues and gross profit [5][6] Research and Development - Total product research and development expenditures decreased by $220 to $282 in Q1 fiscal 2026 compared to $502 in Q1 fiscal 2025, as certain development projects were completed [5][6] Share Repurchase Program - The company initiated a Normal Course Issuer Bid ("NCIB") in April 2025 to repurchase up to 1,759,649 common shares, representing approximately 10% of the public float, and as of November 30, 2025, had repurchased 1,218,500 shares at an average price of $0.71 per share [5]

Core Insights - Titan Logix Corp. announced its interim results for the three- and twelve-month periods ended August 31, 2025, highlighting a slight revenue decrease and a net loss for the fiscal year [1][6]. Financial Performance - Revenues for fiscal 2025 decreased by $103 thousand or 2% to $6,754 thousand compared to $6,857 thousand in fiscal 2024 [6][7]. - Gross profit decreased by $359 thousand to $3,104 thousand, representing 46% of revenue in fiscal 2025, down from 51% in fiscal 2024 [6][7]. - Operating EBITDA reported at $929 thousand for fiscal 2025, down from $1,148 thousand in fiscal 2024 [6][7]. - The company incurred a net loss of $436 thousand in fiscal 2025, a decrease of $982 thousand compared to net income of $546 thousand in fiscal 2024 [6][7]. - Basic and diluted loss per share was $0.02 in fiscal 2025, compared to earnings per share of $0.02 in fiscal 2024 [6][7]. Product Development and Market Strategy - The company launched a new product line for the refined petroleum market, aiming to diversify its business into new liquid verticals beyond crude oil [2][3]. - Titan's new product line is expected to enhance sales through Dealer & OEM channels, leveraging their expertise across North America [3]. - The launch of connected apps, Titan Install and Titan Portal, has reduced installation complexity and improved product reliability [4][5]. - The company plans to shift focus from R&D investments to market penetration and adoption in the new fiscal year [5]. Share Repurchase Program - Titan implemented a Normal Course Issuer Bid (NCIB) in April 2025 to repurchase and cancel up to 1,759,649 common shares, representing approximately 10% of the public float [6]. - As of August 31, 2025, the company repurchased and cancelled 970,000 common shares at an average price of $0.76 per share [6]. Company Overview - Titan Logix Corp. specializes in mobile liquid measurement solutions and has been a market leader for over 25 years [12]. - The company serves various industries, including petroleum, environmental solutions, chemical, and agriculture [12].