Tantalus Systems Holding Inc.
Tantalus Systems Holding Inc. (GRID.TO) Financial Performance & Income Statement Overview
Analyze Tantalus Systems Holding Inc. (GRID.TO) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Tantalus Systems Holding Inc. (GRID.TO) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Tantalus Systems Holding Inc. GRID.TO financial performance.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $11.90M | $12.59M | $11.59M | $10.74M |
| Cost of Revenue | $5.40M | $6.00M | $5.04M | $4.87M |
| Gross Profit | $6.51M | $6.59M | $6.54M | $5.87M |
| Gross Profit Ratio | $0.55 | $0.52 | $0.56 | $0.55 |
| R&D Expenses | $1.53M | $1.38M | $1.67M | $1.90M |
| SG&A Expenses | $4.90M | $4.22M | $4.37M | $4.23M |
| Operating Expenses | $6.85M | $6.02M | $6.47M | $6.57M |
| Total Costs & Expenses | $12.25M | $12.02M | $11.52M | $11.44M |
| Interest Income | $0.00 | $0.00 | $0.00 | $398483.00 |
| Interest Expense | $362000.00 | $351355.00 | $400848.00 | $0.00 |
| Depreciation & Amortization | $418000.00 | $429007.00 | $438264.00 | $279684.00 |
| EBITDA | $129000.00 | $1.06M | $477855.00 | -$420320.00 |
| EBITDA Ratio | $0.01 | $0.08 | $0.04 | -$0.04 |
| Operating Income | -$343000.00 | $569626.00 | $72487.00 | -$700004.00 |
| Operating Income Ratio | -$0.03 | $0.05 | $0.006 | -$0.07 |
| Other Income/Expenses (Net) | -$308000.00 | -$290107.00 | -$433744.00 | -$279939.00 |
| Income Before Tax | -$651000.00 | $279519.00 | -$361257.00 | -$979943.00 |
| Income Before Tax Ratio | -$0.05 | $0.02 | -$0.03 | -$0.09 |
| Income Tax Expense | $0.00 | -$9940.00 | $101.00 | $21160.00 |
| Net Income | -$651000.00 | $289459.00 | -$361358.00 | -$1.001M |
| Net Income Ratio | -$0.05 | $0.02 | -$0.03 | -$0.09 |
| EPS | -$0.01 | $0.006 | -$0.008 | -$0.02 |
| Diluted EPS | -$0.01 | $0.006 | -$0.008 | -$0.02 |
| Weighted Avg Shares Outstanding | $50.85M | $47.21M | $47.21M | $47.21M |
| Weighted Avg Shares Outstanding (Diluted) | $50.85M | $47.21M | $47.21M | $47.21M |
Over the last four quarters, Tantalus Systems Holding Inc.'s revenue moved from $10.74M in Q2 2024 to $11.90M in Q1 2025. Operating income in Q1 2025 was -$343000.00, with a strong operating margin of -3%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Tantalus Systems Holding Inc. remained robust at $129000.00, reflecting operational efficiency. Net income dropped to -$651000.00, with an EPS of -$0.01. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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