)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Tantalus Systems
Tantalus Systems (GRID) investor relations material
Tantalus Systems Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
Q3 adjusted revenue was a third-quarter record $14.299M, flat YoY; reported revenue was $12.919M after expected tariff-related customer credits.
ARR reached a record $15.4M, up 14% YoY; 11 utilities converted in Q3 and 19 in 9M.
Q3 Adjusted EBITDA was $1.185M, in line with the prior year; shipment timing shifted connected-device deliveries, while demand remained durable.
Financial highlights
Q3 reported revenue was $12.919M vs. $14.197M YoY; adjusted revenue excluding IEEPA effects was $14.299M vs. $14.2M.
Q3 net income was $1.420M vs. $0.384M, including a $1.114M gross-profit benefit from net tariff refunds.
9M reported revenue rose to $43.432M from $39.188M; operating income was $526K vs. a $23K loss, and net income was $10K vs. a $1.170M loss.
9M adjusted revenue rose 14% to $44.8M; Adjusted EBITDA increased 30% to $2.625M from $2.024M.
Q3 Adjusted EBITDA was $1.185M vs. $1.197M; operating cash flow was negative $2.067M for 9M vs. positive $1.004M.
Outlook and guidance
Meter supply constraints, longer manufacturing lead times and a large customer deferral shifted shipments; a portion is expected in Q4, while slightly over $1M moves into 2027.
Inventory investment is intended to support deployments and margins amid component constraints, inflation and longer lead times.
Two utilities remained in contracting at Q3-end, with management expecting both to sign before year-end; utility budget cycles and approvals shape conversion.
Adjusted OpEx is expected to remain within 47%-49% of adjusted revenue; the first U.S. service center is expected to open in Q2 2027.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Tantalus Systems
- TRUSense-led grid modernization growth pairs $15.0M ARR with $4.0M TTM Adjusted EBITDA.GRID
Corporate presentation - Grid modernization growth pairs $59.6M TTM revenue with $15.0M ARR and $41.3M liquidity.GRIDCorporate presentation
- TRUSense adoption is opening a path from metering upgrades to grid control and data monetization.GRIDPlanet MicroCap Showcase: Toronto 2026
- Record Q2 revenue, expanding TRUSense deployments, and strong customer diversification drive growth.GRIDInvestor update
- Record Q2 growth, margin expansion and stronger liquidity supported by financing.GRIDQ2 2026
- AI-driven grid modernization and record growth position the company for continued expansion.GRIDPlanet MicroCap Las Vegas 2026
- Directors and auditors were elected with strong support; no shareholder questions were raised.GRIDAGM 2026
- Record revenue, new analytics tools, and strong customer adoption drive growth.GRIDStatus update
- Record revenue, positive adjusted EBITDA, and strong utility adoption highlight 2024.GRIDQ4 2024
Next Tantalus Systems earnings date
TD Cowen 18th Annual Tech Conference23 Nov, 2026
Tantalus Systems
Next Tantalus Systems earnings date
TD Cowen 18th Annual Tech Conference23 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Tantalus Systems Holding Inc. specializes in developing and delivering smart grid solutions aimed at modernizing public power and electric cooperative utilities. The company focuses on leveraging data across all devices and systems throughout the entire distribution grid, from substations to behind-the-meter locations such as EV chargers. Tantalus Systems Holding Inc. is headquartered in Burnaby, British Columbia, and its shares are listed on the Toronto Stock Exchange.