TD Series of tank level monitors
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Titan Logix Corp. Reports Voting Results of Election of Directors
TMX Newsfile· 2026-01-22 23:49
Edmonton, Alberta--(Newsfile Corp. - January 22, 2026) - Titan Logix Corp. (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announced today that at its annual general meeting of shareholders held on January 22, 2026 (the "AGM"), each of the six nominees proposed as directors were elected as directors. A total of 13,982,949 common shares, representing 51.12% of the votes attached to all outstanding shares as at the record date for the meeting, ...
Titan Logix Corp. Reports Q1 Fiscal 2026 Financial Results
TMX Newsfile· 2026-01-21 22:05
(In $000's of Canadian dollars except for shares and per share amounts)Edmonton, Alberta--(Newsfile Corp. - January 21, 2026) - Titan Logix Corp., (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announces its first quarter results for the three-month period ended November 30, 2025. "We are excited to announce an integration partnership with a leading provider of custody transfer meters in the refined fuels market," says Nick Forbes, CEO at T ...
Titan Logix Corp. Reports Fiscal 2025 Financial Results
Newsfile· 2025-11-27 22:53
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].
Titan Logix Corp. Reports Its Fiscal 2025 Q3 and YTD Financial Results
Newsfile· 2025-07-16 22:24
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]