Pioneering Technology Reports 2026 Q2 Financial Results — TradingView News
Pioneering Technology Reports 2026 Q2 Financial Results — TradingView News
Publish Date: 2026-06-01 17:20:00
Source Domain: www.tradingview.com
(TheNewswire)
Mississauga, ON June 1,
2026 –
TheNewswire – Pioneering
Technology Corp. (TSXV:
PTE) (“Pioneering” or the
“Company”), a technology company and North
America’s leader in cooking fire prevention technology and
products reports its unaudited financial results for the three and six months ended March 31, 2026. Pioneering’s unaudited condensed interim consolidated
financial statements and MD&A are available on SEDAR+ (www.sedarplus.ca)
Financial Highlights:
-
RevenueinQ2was$565,410versus$407,148for
the same period a year ago. -
Gross margin for the quarter was 47% ($266,776) versus 58% ($237,728)
for the same period a year ago. -
Expenses for the quarter decreased to $361,040 versus $490,491 for the same period a year
ago, a decrease of $129,451 or 26%. -
Net lossforthe quarterwas
($105,398)versusalossof ($261,201)
inQ22025. -
Adjusted EBITDA was a loss of ($59,822) in Q2 2026 versus a loss of
($214,066) in Q2 2025. -
Revenue for the first six months of fiscal 2026
was $1,026,545 versus was $1,120,633 in the same period in fiscal
2025. -
Gross margin for the first six months was 48% ($488,332) versus 54%
($610,030) for the same period a year ago. -
Expenses during the six month period decreased
to $739,468 versus $880,471 for the same period
a year ago. -
Net lossforthe first six months was
($272,178)versusalossof ($287,417) a year ago. -
Adjusted EBITDA forthe first six months was a
loss of ($195,732) versus ($216,968) a year ago. -
Current assets of $1.6 million and $0.5 million in working capital.
Selected Financial Highlights for the
Second Quarter & Six-months Ended March 31, 2026
& 2025:
|
Three Months Ended March 31,2026 |
Three Months Ended March 31,2025 |
Six Months Ended March 31,2026 |
Six Months Ended March 31,2025 |
|
|
Revenue |
$565,410 |
$407,148 |
$1,026,545 |
$1,120,633 |
|
Gross Profit |
266,776 |
237,728 |
488,332 |
610,030 |
|
Expenses |
361,040 |
490,491 |
739,467 |
880,471 |
|
Net Income (Loss) |
(105,398) |
(261,201) |
(272,178) |
(287,417) |
|
EPS Basic (Loss) |
$0.00 |
($0.01) |
($0.01) |
($0.01) |
|
Adjusted EBITDA¹ |
(59,822) |
(214,066) |
(195,732) |
(216,968) |
¹ Adjusted…
