Fort posts 49% first-half revenue growth, signs Logia USA deal

Fort Technology Inc., the majority-owned subsidiary of Nexera Technologies Ltd, reported record results for the first half of 2026, with revenue rising 49% to $7.36 million from $4.92 million a year earlier and gross profit climbing 145% to $1.36 million from $0.56 million. Gross margin widened to 18.5% from 11.3%, helped by an approximately 56% increase in units sold on the Amazon Marketplace and broader growth led by the United Kingdom, where revenue increased 41%, alongside faster expansion across other European markets. Fort also said its common shares began trading on the Nasdaq Capital Market on June 8, 2026, triggering the first milestone under its July 7, 2025 share purchase agreement with Nexera and the issuance of 1,571,429 contingent right shares. The automatic conversion of Fort’s convertible debentures (debt securities that can convert into equity) into 1,949,794 units of one common share and one warrant reduced liabilities and increased shareholders’ equity. Separately, Fort said it entered definitive agreements on August 11, 2026 to acquire a 50.1% interest in Logia USA Inc., a provider of automated fuel maintenance and integrity systems for standby power generation, in a deal aimed at expanding in the U.S. market with a focus on data centers and other facilities that rely on backup power. The transaction is subject to customary closing conditions and is expected to close on or about October 1, 2026. Fort said the six-month financial results are unaudited and may not indicate full-year or future performance.

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