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Baylin Technologies (BYL) investor relations material
Baylin Technologies Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue more than doubled YoY to CAD 35.3M, primarily reflecting Kaelus’s first full quarter; Adjusted EBITDA remained positive for an 11th consecutive quarter.
Gross margin fell to 34.6% from 43.4% YoY amid product mix and cost pressures; net loss narrowed to CAD 0.7M from CAD 1.1M.
Carrier spending delays, a covenant shortfall and restricted Kaelus payments contributed to withdrawal of 2026 guidance and ongoing financing risks.
Financial highlights
Q3 revenue was CAD 35.3M vs. CAD 16.8M, up 110.7%; gross profit was CAD 12.2M vs. CAD 7.3M, and gross margin was 34.6% vs. 43.4%.
Q3 operating expenses were CAD 13.0M vs. CAD 7.6M, including CAD 0.6M in acquisition-related costs; Adjusted EBITDA was CAD 0.7M vs. CAD 0.6M.
Q3 net loss was CAD 0.7M vs. CAD 1.1M; cash from operations was CAD 0.8M versus a small outflow a year earlier.
9M revenue rose 26.4% to CAD 73.4M; gross profit increased CAD 3.6M to CAD 29.3M, while net loss was CAD 6.2M vs. CAD 2.1M.
Outlook and guidance
FY2026 quantitative outlook was withdrawn due to deferred customer orders and reduced demand visibility; no replacement quantitative guidance was issued.
Q4 expectations: Kaelus revenue to remain solid with margin improvement; Custom Antenna Solutions revenue comparable to Q3; Satcom outlook more favorable; Wireless Infrastructure volumes below historical levels.
Custom Antenna Solutions FY revenue is expected to be similar to 2025; Wireless Infrastructure results are expected softer than strong 2025, with carrier spending recovery anticipated in 2027.
Satcom FY revenue, gross profit and Adjusted EBITDA are expected below 2025 despite a more favorable Q4 outlook; management retained the view that the combined business can reach a 10% operating Adjusted EBITDA rate at fuller run rate.
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Q1 2026 - Transformational acquisition expands global RF reach and targets margin growth by 2026.BYL
M&A Announcement - Adjusted EBITDA surged nearly 400% as revenue and margins improved in Q2 2024.BYL
Q2 2024
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Next Baylin Technologies earnings date
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