)
)
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.
Zedcor
Zedcor (ZDC) investor relations material
Zedcor Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Record Q3 revenue was CAD 26.704M, up 67% YoY and 18% QoQ; Adjusted EBITDA reached CAD 10.326M, up 80% YoY and 18% QoQ.
Adjusted EBITDA margin increased to 39% from 36%; net loss was CAD 3.281M, reflecting growth-related depreciation, stock-based compensation and financing costs.
Fleet reached 4,494 towers, up 91% YoY; 60% were in the U.S., which generated 55% of Q3 revenue.
Growth was driven by U.S. expansion, customer additions in both countries, and tower manufacturing and deployment; utilization remained steady.
Financial highlights
Q3 gross profit rose 52% YoY to CAD 15.5M; gross margin was 58% versus 63%, while gross margin excluding D&A was 78.7% versus 79.5%.
Q3 EBITDA was CAD 5.452M versus CAD 4.309M; Adjusted EBITDA was CAD 10.326M versus CAD 5.739M.
Nine-month revenue was CAD 68.808M versus CAD 41.032M; Adjusted EBITDA was CAD 26.7M, up 81%, or 39% of revenue versus 36%.
Q3 net loss was CAD 3.281M versus net income of CAD 0.131M; nine-month net loss was CAD 5.851M versus net income of CAD 1.213M.
Q3 Adjusted free cash flow was CAD 8.7M before non-cash working capital and CAD 6.279M after, versus CAD 7.708M after in Q3 2025; working-capital use was CAD 2.386M.
Outlook and guidance
Production capacity is 45–50 towers weekly, committed for Q4 and Q1, with potential to increase without significant CapEx; management cited visibility of ~1,000 towers.
2027 CapEx is initially expected at 2026 levels, excluding lower branch-expansion costs; plans call for four to six new locations while tower investment continues.
Software phase one is on track for December testing and gradual Q1 rollout; phase two AI analytics development is planned for 2027 at preliminary cost of USD 5M–6M.
Priorities include U.S. expansion, Canadian revenue growth, manufacturing efficiency, new products and software, positive Adjusted EBITDA per share, and converting the U.S. enterprise pipeline.
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 Zedcor
- Record revenue and EBITDA growth driven by U.S. expansion and strong fleet utilization.ZDC
Q2 2026 - Rapid expansion, tech innovation, and service excellence drive strong growth and client results.ZDCPlanet MicroCap Las Vegas 2026
- AI-driven security platform achieves high growth, strong margins, and proven customer impact.ZDCInvestor presentation
- Record U.S. growth drove all-time high revenue and EBITDA, with robust outlook and strong liquidity.ZDCQ1 2026
- Record revenue and EBITDA growth driven by U.S. expansion and fleet scaling.ZDCQ4 2025
- Record revenue and EBITDA growth fueled by U.S. expansion and high tower utilization.ZDCQ2 2025
- Diversified security provider with 75%+ recurring revenue, targeting rapid North American growth.ZDCPlanet MicroCap Showcase
- Record revenue and EBITDA growth driven by U.S. expansion and high fleet utilization.ZDCQ3 2024
- Record revenue and EBITDA growth, fueled by U.S. expansion and high utilization.ZDCQ4 2024
Next Zedcor earnings date
Q4 20269 Apr, 2027
Zedcor
Next Zedcor earnings date
Q4 20269 Apr, 2027
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
Zedcor Inc. is a Canadian company specializing in technology-based security and surveillance services. Founded in 2005, Zedcor provides a comprehensive range of security solutions, including the rental, service, and remote monitoring of its proprietary MobileyeZ security towers, surveillance and monitoring of fixed site locations, and a variety of security personnel services. The company's offerings cater to a wide array of sectors, including construction, mining, oil and gas, pipeline and facilities, commercial, retail, industrial manufacturing, warehouse, and automotive industries. The company is headquartered in Calgary, Alberta, and its shares are listed on the TSX.