Canada's Clear Blue Q3 revenue up 158%, driven by North American lighting activity

Overview

• Clear Blue fiscal Q3 revenue grows 158% yr/yr, driven by North American lighting activity

• Net loss for fiscal Q3 improves by 50% compared to last year

• Company awarded repeat C$1.5 mln order from iSat Africa, indicating strong future demand

Outlook

• Clear Blue expects stronger telecom demand due to 2026 customer roll-out plans

• Company anticipates C$500,000-C$600,000 SR&ED credit refund if legislation passes

• Clear Blue plans C$200,000 cost reduction in 2026 via cloud software optimizations

Result Drivers

• NORTH AMERICAN LIGHTING - Revenue growth driven by increased North American lighting activity

• NEW BOOKINGS SURGE - New bookings increased 682% yr/yr, indicating strong demand

• GROSS MARGIN DECLINE - Gross margin percentage decreased to 37% from 46% yr/yr

Key Details

Press Release: ID:nNFC6cTQfJ

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