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Kontrol Technologies Announces Fourth Quarter and Fiscal Year 2025 Financial Results
Businesswire· 2026-04-01 02:22
Core Insights - Kontrol Technologies Corp. reported a net loss of $6.3 million for the fiscal year ended December 31, 2025, a significant decline from a net income of $12.2 million in the previous year, primarily due to the sale of operational net assets of CEM Specialties Inc. [2][4] Financial Performance - Revenue for the year ended December 31, 2025, was $5,675,662, down from $10,928,814 in 2024, indicating a decrease of approximately 48.2% [3][5] - Gross profit for the same period was $3,069,091, compared to $6,135,882 in 2024, reflecting a decline of about 50% [5] - The company reported a basic and diluted EPS of $(0.11) for continuing operations, down from $0.21 in the prior year [5] Adjusted EBITDA - Adjusted EBITDA for the year was $(771,604), compared to $(525,458) in 2024, indicating a worsening operational performance [8][9] Share Repurchase Program - During the fiscal year, Kontrol Technologies repurchased 2,132,000 common shares for a total of $348,202, with a plan to buy back up to 2,757,858 shares over a 12-month period starting April 14, 2025 [3] Cash and Marketable Securities - As of December 31, 2025, the company's aggregate cash and marketable securities balance was $7.8 million [19]