Canada · Delayed Price · Currency is CAD Clear Blue Technologies International Earnings Call Transcripts
Fiscal Year 2026
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Bookings rose 19% and recurring revenue 11% in Q2, with gross margin at 53% and positive net income. Cost reductions are on track, and a strong H2 is expected, driven by Eutelsat deliveries and new contracts. Full-year revenue is targeted at CAD 5 million, up 53% year-over-year.
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Bookings more than doubled and revenue grew 18% year-over-year, with strong gross margins and major cost reductions positioning the company for positive EBITDA in 2026. Strategic partnerships and a robust sales funnel are expected to drive growth in satellite, telecom, and lighting markets.
Fiscal Year 2025
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Fiscal 2025 saw a major reset with 122% bookings growth, 18% revenue growth, and strong gross margins, driven by strategic partnerships and cost reductions. The company targets positive EBITDA in 2026, with a robust sales funnel and further cost savings expected.
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Q3 saw sharp revenue and bookings growth, with a 158% revenue increase and 682% bookings surge. Strategic partnerships and cost controls improved EBITDA by 58%, and a strong pipeline positions the company for profitability and expansion in 2026.
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Revenue grew 12% in Q2 with gross margin up to 44%, and net debt reduced by 61% year-over-year. The company expects strong H2 performance, driven by telecom and satellite projects, and targets EBITDA and cash flow break-even at $2–$2.2 million in quarterly revenue.
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Q1 2025 saw a 30% revenue increase year-over-year, driven by North American lighting growth and operational efficiencies, while major financial restructuring improved margins and reduced losses. Management expects strong top-line growth and positive EBITDA for 2025, with robust sales pipelines in lighting, telecom, and satellite segments.
Fiscal Year 2024
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Comprehensive restructuring improved financial flexibility, with debt converted to equity, expenses cut, and a focus on positive EBITDA and cash flow in 2025. Revenue declined in 2024, but gross margin improved and bookings more than doubled, supported by new products and major partnerships.
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Q3 2024 revenue fell sharply due to delayed orders and a shift to cash-centric operations, but trailing four-quarter revenue and gross margins remain strong. Cost reductions, stakeholder support, and new partnerships position the company for improved cash flow and growth in 2025.
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Q2 2024 revenue surged to $1.01M, driving a 278% year-over-year increase in trailing four-quarter revenue. Gross margin was impacted by a one-time charge, but adjusted margin met expectations. Management expects positive EBITDA by end of 2025, with strong growth and strategic partnerships ahead.