Core Insights - Tantalus Systems reported strong financial results for Q3 2025, achieving record revenue and significant year-over-year growth in various segments [4][6][29] Financial Highlights - Revenue reached $14.2 million, marking a 22.5% increase year-over-year, with Connected Devices revenue up by 30% and Software and Services revenue up by 10% [6][24] - Annual Recurring Revenue (ARR) grew by 11% year-over-year to $13.5 million [6][24] - Gross Profit Margin was 55%, reflecting strong profitability despite tariff impacts [6][24] - Net income for the period was $384,000, a turnaround from a loss of $361,000 in the prior year [6][24] - Adjusted EBITDA was approximately $1.2 million, improving from $585,000 in the previous year [6][24] Operational Developments - The company converted $9.7 million in orders during Q3 2025, a 33% increase from the same quarter last year, with a book-to-bill ratio of 1.37x [7] - Tantalus added 4 new utility customers in Q3 2025, indicating successful expansion efforts [7] - The TRUSense Gateway has secured initial orders from 52 utilities, highlighting growing interest in the company's offerings [11][29] Liquidity and Cash Flow - As of September 30, 2025, Tantalus had a cash balance of $9.8 million and total liquidity of approximately $18.3 million [6] - Cash Flow from Operating Activities was negative $1.3 million, attributed to seasonal declines and increased investments in sales and marketing [6][16] Market Position and Strategy - Tantalus is focused on helping utilities modernize their distribution grids through data-driven solutions, which is increasingly relevant as utilities seek to enhance efficiency and reliability [4][29] - The company is leveraging its TRUGrid analytics offering to support utilities in identifying vulnerabilities and prioritizing investments [4][29]

Burnaby, British Columbia--(Newsfile Corp. - August 6, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TGMPF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, is pleased to announce its financial and operating results for the three-month period ended June 30, 2025.All amounts presented in this news release are in United States dollars ("U.S. dollars") and all amounts presented in the attached financial tables ...