NamSys Inc. Reports Revenue Growth and Operational Milestones

NamSys Inc., a leading provider of technology for cash processing and transportation, reported its third quarter financial results for the fiscal year ending July 31, 2026. The company saw a 16% increase in revenue, reaching $2,232,386 compared to $1,916,562 in the same period of the previous year. Operating income remained steady at $746,847, the same as the $744,427 reported in the previous quarter.

Net income for the quarter decreased by 2%, totaling $594,850, or $0.02 per share, down from $610,041, or $0.02 per share, in the same period of the previous year. The decline in net income was attributed to a one-time non-cash share-based compensation expense of $150,000. Despite the decrease, the company highlighted its revenue growth as a testament to the strength of its core business model and the continued market demand for its innovative solutions.

Gross margin for the quarter was 59%, a drop from the 64% reported in the previous year. Similarly, operating margin decreased to 33%, from 39% in the same period of the previous year. However, the company's net cash position improved, increasing by $548,141 to $7,914,188 as of April 30, 2026, representing $0.29 of net cash per diluted share.

The financial statements and Management's Discussion and Analysis for the fiscal quarter ended July 31, 2026, are available under the company's profile on SEDAR+ at www.sedarplus.ca.