Kontrol Technologies (KNRLF) Q2 2025 earnings summary

Executive summary

• Achieved positive net income in Q2 2025, with increased cash and marketable securities, supporting growth and acquisition plans.

• Continued development of the BuildX AI platform and maintained service for approximately 400 commercial buildings.

Financial highlights

• Aggregate cash and marketable securities reached $11.6 million as of June 30, 2025, up $400,000 sequentially.

• Q2 2025 revenue was $1.3 million, down from $3.7 million year-over-year; six-month revenue was $2.8 million, down from $7.4 million.

• Gross margin for the six months ended June 30, 2025 was 56%, compared to 58% in the prior year.

• Q2 2025 net income was $230,592, down from $12.3 million year-over-year; six-month net loss was $(915,240) versus $12.9 million profit.

• Adjusted EBITDA for the six months was negative $(597,553), compared to $440,037 in the prior year.

Outlook and guidance

• Anticipates recovery in capex project spending in Q3 and Q4 after recent softness due to tariff risks.

• Plans to accelerate organic growth and pursue acquisitions, with identified targets under due diligence.