Tantalus Systems Holding Inc. Reports Strong Second Quarter 2025 Financial Results
Tantalus Systems Holding Inc., a technology company specializing in smart grid solutions for utilities, has announced its financial results for the second quarter of 2025. The company, listed on the Toronto Stock Exchange under the ticker GRID and traded on OTCQX as TGMPF, reported a 22% year-over-year increase in revenue, reaching $13.1 million. This growth was driven by both the Connected Devices & Infrastructure and Utility Software Applications & Services segments.
Key Financial Highlights:
- Revenue Growth: The company achieved a 22% increase in revenue, with record quarterly sales order conversion of $24.6 million.
- Recurring Revenue: Recurring revenue rose to $3.2 million, accounting for 25% of total revenue.
- Gross Profit Margin: The gross profit margin stood at 53%.
- Net Loss and EBITDA: The net loss was reduced to $903,000, or $0.02 per share, with a positive Adjusted EBITDA of $510,000.
- Liquidity: Tantalus maintained strong liquidity, with $19.7 million available through cash and credit facilities.
Operational Achievements:
- TRUSense Gateway Orders: The company secured orders from 45 utilities for its TRUSense Gateway, a key product in its portfolio.
- New Customers: Tantalus added four new utility customers during the quarter.
- Partnerships: The company expanded its TRUGrid Analytics deployment through a partnership with the Indiana Municipal Power Agency.
Tantalus Systems Holding Inc. continues to focus on scaling its core business and building momentum with its innovative solutions, positioning itself as a leader in the smart grid technology sector. The company’s strong financial performance and operational achievements underscore its commitment to helping utilities modernize their distribution grids through data-driven solutions.