Tantalus Systems Reports $9.8 Million Revenue in Q1 2026, a 23% Decrease Year-Over-Year

Tantalus Systems Holding Inc. released its financial results for the first quarter of 2026, revealing key figures regarding revenue, gross profit, and net loss. The company reported a revenue of $9.8 million and a gross profit of $4.7 million. However, they also reported a net loss of $8.5 million, which translates to a loss of $0.27 per share.

Specifically, the $9.8 million in revenue represents a 23% decrease compared to the $12.7 million reported in the first quarter of 2025. The gross profit of $4.7 million equates to a gross margin of 48%, while in the first quarter of 2025, the gross profit was $6.4 million, representing a gross margin of 50%. The net loss of $8.5 million, or $0.27 per share, compares to a net loss of $6.3 million, or $0.20 per share, in the first quarter of the previous year. These figures provide a snapshot of the company’s financial performance during the first quarter of 2026.

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Date: May 6, 2026

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GOAI