Tantalus Systems demonstrated strong financial performance, with record revenue and growth in key segments. Despite challenges related to tariffs and increased operating expenses, the company showed significant profitability improvements and expansion of its TRUSense Gateway deployments.

Company Guidance

During the third quarter of 2025, Tantalus Systems reported strong financial performance, with revenue increasing to $14.2 million, marking a 22.5% growth year-over-year. The company's recurring revenue for the quarter rose to $3.4 million, representing 24% of total revenue, while annual recurring revenue grew by over 11% to $13.5 million. The gross profit margin remained robust at 55%, with the Connected Devices segment achieving a 30% increase in revenue and a gross profit margin of 55%, while the Software and Services segment delivered a 74% gross profit margin. Tantalus also reported a net income of $384,000, translating to a diluted income per share of $0.01. The company achieved positive adjusted EBITDA of $1.2 million, reflecting an improvement from the previous year's $585,000. With a strong book-to-bill ratio of 1.37x and $54 million in orders converted in the first nine months, Tantalus is well-positioned for continued growth, supported by its robust liquidity of approximately $18.3 million.

Record-Breaking Revenue and Growth

Tantalus Systems achieved record financial results with revenue reaching $14.2 million, reflecting a 22.5% growth year-over-year. Trailing 12-month revenue hit approximately $52 million compared to $42 million at the same time last year.

Strong Performance in Connected Devices and Infrastructure

Revenue from the Connected Devices and Infrastructure segment increased by $2.2 million or 30% year-over-year.

Increased Annual Recurring Revenue

Annual Recurring Revenue (ARR) grew by over 11% year-over-year, reaching a high watermark of $13.5 million.

Improvement in Profitability

The company generated a net income of $384,000, an improvement from a loss of $361,000 in the prior year period, with a positive adjusted EBITDA of $1.2 million.

Expansion in TRUSense Gateway Deployment

The number of utilities placing orders for the TRUSense Gateway expanded to 52, surpassing internal estimates for 2025.

Tantalus Systems Holding (TSE:GRID) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:GRID Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 25, 2026	2025 (Q4)	<0.01 / -	0.014	―	―	―
Nov 12, 2025	2025 (Q3)	-0.01 / 0.01	-0.014	200.00% (+0.03)	―	―
Aug 06, 2025	2025 (Q2)	-0.03 / -0.03	-0.028	0.00% (0.00)	―	―
May 07, 2025	2025 (Q1)	-0.02 / -0.01	-0.042	66.67% (+0.03)	―	―
Mar 19, 2025	2024 (Q4)	-0.01 / 0.01	0.056	-75.00% (-0.04)	―	―
Nov 13, 2024	2024 (Q3)	-0.02 / -0.01	-0.028	50.00% (+0.01)	―	―
Aug 06, 2024	2024 (Q2)	-0.04 / -0.03	-0.028	0.00% (0.00)	―	―
May 07, 2024	2024 (Q1)	-0.04 / -0.04	-0.056	25.00% (+0.01)	―	―
Mar 26, 2024	2023 (Q4)	-0.02 / 0.06	0	―	―	―
Nov 07, 2023	2023 (Q3)	-0.04 / -0.03	-0.042	33.33% (+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:GRID Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2025	C$3.73	C$3.59	-3.75%
Aug 06, 2025	C$3.26	C$3.30	+1.23%
May 07, 2025	C$2.36	C$2.44	+3.39%
Mar 19, 2025	C$1.79	C$1.84	+2.79%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tantalus Systems Holding (TSE:GRID) report earnings?

Tantalus Systems Holding (TSE:GRID) is schdueled to report earning on Mar 25, 2026, Before Open (Confirmed).

What is Tantalus Systems Holding (TSE:GRID) earnings time?

Tantalus Systems Holding (TSE:GRID) earnings time is at Mar 25, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:GRID EPS forecast?

TSE:GRID EPS forecast for the fiscal quarter 2025 (Q4) is <0.01.

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