Terago (TGO) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was $6.196M, down 3.2% YoY; Adjusted EBITDA rose 3.9% to $1.009M and net loss narrowed to $3.695M from $4.060M.

• For 9M 2026, revenue was $18.578M, down 3.0% YoY; Adjusted EBITDA rose 3.1% to $2.995M and net loss narrowed to $10.655M from $11.852M.

• Cash and cash equivalents were $5.134M at September 30, 2026, down from $12.648M at December 31, 2025.

Financial highlights

• Q3 / 9M gross profit margin was 73.5% / 73.3%, versus 73.9% in both 2025 periods.

• Q3 / 9M loss per share improved to $0.09 / $0.27 from $0.20 / $0.59.

• Q3 operating loss was $1.548M versus $1.481M YoY; 9M operating loss improved to $4.444M from $5.004M.

• Net cash from operating activities was $1.700M in Q3 and $2.122M for 9M.

• Q3 / 9M finance costs were $2.198M / $6.392M; salaries and related costs declined 8.0% / 8.9% YoY.

Outlook and guidance

• Management is focused on converting the larger-customer pipeline into bookings and accelerating installations to generate recurring revenue.

• Flexible-use licensing could support enterprise connectivity, private 5G, public hotspots and advanced fixed wireless access; active participation in the transition process is planned.

• ISED's 26 GHz and 38 GHz auction is scheduled to begin January 25, 2028, revised from October 2027.