Core Insights - Titan Logix Corp. reported its fiscal 2025 Q3 and year-to-date financial results, highlighting challenges in revenue due to market uncertainties and tariffs impacting sales to the US market [1][6][11] Financial Performance - Revenues for the first nine months of fiscal 2025 were $5,145 million, a slight decrease of $46 or 1% compared to $5,191 million in the same period of fiscal 2024 [6][8] - Q3 fiscal 2025 revenues decreased by $436 million or 23% to $1,489 million compared to $1,926 million in Q3 fiscal 2024 [6][8] - Gross profit for the first nine months of fiscal 2025 increased slightly to $2,635 million, representing 51% of revenues, compared to $2,606 million or 50% in the same period of fiscal 2024 [6][8] - Q3 fiscal 2025 gross profit decreased by $296 million to $708 million, or 48% of revenue, compared to $1,004 million or 52% in Q3 fiscal 2024 [6][8] - Operating EBITDA for the first nine months of fiscal 2025 increased by 22% to $968 million compared to $792 million in the same period of fiscal 2024 [6][8] - Q3 fiscal 2025 Operating EBITDA declined by $327 million or 80% to $83 million compared to $410 million in Q3 fiscal 2024 [6][8] Product Development and Strategy - The company is on track to begin field trials of a new product line for the refined petroleum market by the end of the fiscal year, which is expected to drive new pilot trials and sales opportunities [2][5] - The new product line has achieved CSA certification and is based on the proven TD-series platform, offering enhanced safety and efficiency [2][5] - Titan is onboarding key dealer and OEM accounts into its Titan Install mobile application and Titan Portal back-office platform, which have received positive feedback for their design and capabilities [3][5] Research and Development - Product research and development expenses increased by $201 million to $999 million in the current fiscal year compared to $798 million in the same period of fiscal 2024 [11] - In Q3 fiscal 2025, R&D expenses rose by $82 million to $368 million compared to $285 million in Q3 fiscal 2024, supporting the company's diversification and growth into new markets [11] Financial Position - As of May 31, 2025, the company reported working capital of $15,345 million, total assets of $18,602 million, and total equity of $17,171 million [8][11]