on INEO Tech Corp (CVE:INEO)
INEO Tech Corp. Reports Preliminary Q1 Revenue Exceeding $1.3 Million
INEO Tech Corp., specialized in modern retail entrance infrastructure, has announced its preliminary financial results for the first fiscal quarter of 2027, ending September 30, 2026. The company anticipates revenue surpassing $1.3 million, showcasing a substantial growth of over 25% from the previous quarter and over 350% from the same quarter in fiscal 2026. Adjusted EBITDA is estimated between negative $50,000 and positive $50,000.
Customer orders, yet to be shipped, exceed $300,000, indicating strong demand. INEO's CEO, Kyle Hall, noted significant operational improvements and an increase in shipment volumes, aiding in revenue growth. The company persists in enhancing execution, aiming to convert customer orders into shipments, expanding its connected entrance infrastructure, and fostering recurring platform revenue.
The announced figures are preliminary and unaudited, awaiting completion of standard quarter-end reviews. Final results may vary upon official reporting.
R. E.
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