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Martello Technologies Group (MTLO) investor relations material

Martello Technologies Group Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary12 Nov, 2025

Executive summary

  • Announced operational restructuring post-quarter, transitioning Vantage DX to End of Sale to accelerate positive cashflow and lay groundwork for future growth.

  • Focused on maximizing growth in the Mitel business line, emphasizing Mitel Performance Analytics (MPA) product development and AI integration.

  • Management highlights innovation initiatives leveraging service assurance expertise for AI management and assurance solutions.

Financial highlights

  • Revenue for Q2 FY26 was $3M, down 18% year-over-year, mainly due to lower renewal rates on sunsetting legacy products.

  • Gross margin was 84.5% in Q2 FY26, compared to 86% in Q2 FY25.

  • Operating expenses rose 129% to $9.61M, driven by a $5.9M impairment of intangible assets related to Vantage DX's transition.

  • Net loss for Q2 FY26 was $7.46M, compared to $1.25M in Q2 FY25.

  • Adjusted EBITDA loss was $0.76M, compared to a loss of $0.58M in Q2 FY25.

  • Cash and short-term investments were $2.11M as of September 30, 2025, down from $6.69M at March 31, 2025.

Outlook and guidance

  • Operational restructuring aims to accelerate positive cashflow and support sustainable growth.

  • Management sees growth opportunities in advancing AI-driven innovation and expanding Mitel platform support.

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Frequently asked questions

Martello Technologies Group Inc. is a Canada-based software company that provides digital experience monitoring (DEM) and IT service management solutions. The company’s products help businesses optimize the performance of cloud-based applications, networks, and unified communications systems. Martello serves enterprises and managed service providers, offering tools to monitor, analyze, and resolve IT performance issues. The company is headquartered in Ottawa, Canada, and its shares are listed on the TSX.

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