INEO Announces Preliminary Q1 Fiscal 2027 Revenue Above $1.3 Million
INEO Tech Corp. expects preliminary first-quarter fiscal 2027 revenue of more than $1.3 million, while Adjusted EBITDA is expected to fall between negative $50,000 and positive $50,000.
INEO Tech Corp. (TSXV:INEO, OTCQB:INEOF, FSE:0OQ) has announced preliminary unaudited results for the first quarter of fiscal 2027, reporting expected revenue of more than $1.3 million and Adjusted EBITDA within a range of negative $50,000 to positive $50,000. The quarter ended September 30, 2026.
INEO said its preliminary first-quarter revenue increased more than 25% from the record $1,030,946 recorded in the fourth quarter of fiscal 2026. It also rose more than 350% from $288,171 in the first quarter of fiscal 2026.
The company said the preliminary first-quarter figure represented more than 60% of the $2.08 million generated during all of fiscal 2026.
INEO expects preliminary Adjusted EBITDA for the quarter to be between negative $50,000 and positive $50,000. Chief Executive Officer Kyle Hall described the result as approximately break-even as shipment volumes increased, while also stating that significant work remains ahead.
Adjusted EBITDA is a non-IFRS financial measure. INEO said management uses it to assess operating performance before financing costs, income taxes, depreciation, amortization and certain non-cash items. The measure does not have a standardized meaning under IFRS Accounting Standards and may not be comparable with similarly named measures reported by other companies. The company expects to provide a reconciliation to the most directly comparable IFRS measure in its first-quarter fiscal 2027 Management's Discussion and Analysis.
At the end of the quarter, INEO had more than $300,000 in confirmed customer orders that had not yet shipped. During the period, the company continued moving orders through shipment and deployment and expanded the installed base for its connected entrance infrastructure platform.
Hall said management's stated priorities include converting customer orders into shipments, completing system deployments, expanding the installed base that supports recurring platform revenue and pursuing new customer opportunities. These statements describe the company's priorities rather than completed outcomes.
INEO develops connected entrance infrastructure for modern retail. Its patented platform combines electronic article surveillance, digital display screens, edge processing and cloud-based services in a managed front-of-store system. The company says the platform is designed to support loss prevention, retail media, analytics, remote monitoring and operational visibility.
INEO is headquartered in Surrey, British Columbia. Its shares trade on the TSX Venture Exchange under the symbol “INEO”, on the OTCQB Venture Market under “INEOF” and on the Frankfurt Stock Exchange under “0OQ”.
INEO expects to release its complete first-quarter fiscal 2027 financial results and file its interim financial statements and Management's Discussion and Analysis before the end of November, in accordance with applicable reporting requirements.
The revenue, Adjusted EBITDA and order figures in the announcement are preliminary and unaudited. They remain subject to completion of the company's normal quarter-end closing and review procedures, and final results may differ from the preliminary figures. The preliminary financial information is also unaudited and remains subject to completion of those procedures.
INEO expects preliminary first-quarter fiscal 2027 revenue of more than $1.3 million.
Revenue increased more than 25% from $1,030,946 in the fourth quarter of fiscal 2026 and more than 350% from $288,171 in the first quarter of fiscal 2026.
Preliminary Adjusted EBITDA is expected to range from negative $50,000 to positive $50,000.
More than $300,000 of confirmed customer orders remained unshipped at quarter-end.
Final results are expected before the end of November, but the preliminary figures remain unaudited and subject to the company's normal quarter-end closing and review procedures.
INEO Tech Corp. announced preliminary unaudited financial results for its first quarter ended September 30, 2026. The company expects to report revenue of more than $1.3 million and Adjusted EBITDA within a range of negative $50,000 to positive $50,000 for the first quarter of fiscal 2027.
INEO Tech Corp.'s preliminary results cover the first quarter of fiscal 2027, which ended September 30, 2026.
INEO Tech Corp. expects to report preliminary revenue of more than $1.3 million for the first quarter of fiscal 2027. The figure is preliminary and unaudited, and remains subject to the company's normal quarter-end closing and review procedures.
INEO Tech Corp. said preliminary first-quarter revenue increased more than 25% sequentially from the record $1,030,946 reported in the fourth quarter of fiscal 2026.
INEO Tech Corp. said preliminary first-quarter revenue increased more than 350% from $288,171 in the first quarter of fiscal 2026.
INEO Tech Corp. expects preliminary Adjusted EBITDA to be within a range of negative $50,000 to positive $50,000 for the first quarter of fiscal 2027. The company describes this as approximately break-even, but the measure is preliminary and unaudited.
INEO Tech Corp. ended the quarter with more than $300,000 of confirmed customer orders that had not yet shipped. The order figure is preliminary and unaudited and remains subject to the company's normal quarter-end closing and review procedures.
During the quarter, INEO Tech Corp. continued converting customer orders into shipments and deployments while expanding the installed base for its connected entrance infrastructure platform. The company said shipment volumes increased.
Kyle Hall, INEO Tech Corp.'s Chief Executive Officer, said revenue increased from the company's record fourth quarter and that preliminary Adjusted EBITDA improved to approximately break-even as shipment volumes increased. He also said there was still significant work ahead.
Kyle Hall said INEO Tech Corp.'s focus remains on converting customer orders into shipments, successfully deploying those systems, expanding the installed base that supports recurring platform revenue and accelerating new customer opportunities. These are management's stated priorities rather than completed outcomes.
INEO Tech Corp. builds connected entrance infrastructure for modern retail. Its patented technology combines electronic article surveillance, digital display screens, edge processing and cloud-based services into one managed front-of-store system, which the company says helps retailers address loss prevention, retail media, analytics, remote monitoring and operational visibility.
INEO Tech Corp.'s shares trade on the TSX Venture Exchange under the symbol "INEO", on the OTCQB Venture Market under the symbol "INEOF" and on the Frankfurt Stock Exchange under the symbol "0OQ".
INEO Tech Corp. expects to report its complete first-quarter fiscal 2027 financial results and file its interim financial statements and Management's Discussion and Analysis before the end of November, in accordance with applicable reporting requirements.
Yes. INEO Tech Corp. said its preliminary revenue, Adjusted EBITDA and order figures remain subject to completion of its normal quarter-end closing and review procedures, and that final results may differ from the preliminary figures disclosed.
INEO Tech Corp. describes Adjusted EBITDA as a non-IFRS financial measure used by management to evaluate operating performance before financing costs, income taxes, depreciation, amortisation and certain non-cash items. The company said the measure does not have a standardised meaning prescribed by IFRS Accounting Standards and may not be comparable with similarly named measures used by other companies.