Zoomd reports $7.7M Q2 revenue, $1.2M net income and EPS beat

  • Zoomd reported second-quarter revenue of $7.67 million and net income of $1.2 million.
  • EPS was $0.01 versus the $0.0038 estimate, while revenue missed the $8.41 million forecast.
  • Zoomd repurchased and cancelled 131,000 common shares during the quarter.

Zoomd Technologies Ltd. reported second-quarter 2026 revenue of $7.67 million and net income of $1.2 million, compared with $19.6 million and $6.1 million, respectively, in the year-earlier period. Reported EPS was $0.01, above the $0.0038 analyst estimate, although revenue fell short of the $8.41 million forecast. Revenue increased by more than 10% from the first quarter, while EBITDA (earnings before interest, taxes, depreciation and amortization) improved by approximately $1 million to $0.7 million. The company attributed the year-over-year decline to operating-model changes implemented by two major customers, although activity at one customer recently improved. Gross margin held at 43%, and operating expenses declined 7% to $2.8 million. Zoomd finished June 30 with $22.6 million in cash and no bank debt, and repurchased and cancelled 131,000 common shares under its NCIB (normal course issuer bid) program during the quarter. Management said efficiency measures, including greater use of AI-developed tools and internal capabilities, are reducing the cost base while the company evaluates organic, inorganic and strategic growth opportunities. The existing financial-results disclosure listed earnings per share as C$0.02, creating a currency or reporting-basis discrepancy with the newly reported $0.01 figure. A conference call was scheduled for August 31, 2026, at 9 a.m. ET.

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