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The latest update is out from Jemtec Inc ( (TSE:JTC) ).
JEMTEC Inc. reported a solid start to its 2026 fiscal year, posting a first-quarter net income of $92,955, up sharply from $25,525 a year earlier, on a 9% increase in revenue driven largely by an expanded Saskatchewan contract and services to federal agencies and private bail clients. Direct costs fell 17% due to lower consulting, equipment, monitoring and travel expenses, while overall expenses edged up just 1%, allowing the company to maintain profitability alongside a debt-free balance sheet, cash of $2.7 million and working capital of $2.5 million, positioning it with strong liquidity and a focus on prioritizing profitable contracts as it reorganizes its business model.
More about Jemtec Inc
JEMTEC Inc., listed on the TSX Venture Exchange, provides a full spectrum of monitoring technologies and services to provincial and federal correctional and border services across Canada. Operating in this specialized corrections and public safety technology niche since 1987, the company focuses on delivering electronic monitoring solutions and support for government agencies and private bail clients in a demanding security environment.
Average Trading Volume: 5,022
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.3M
For a thorough assessment of JTC stock, go to TipRanks’ Stock Analysis page.