06/23/2026
Clear Blue Technologies (TSXV: CBLU) has released its FY2025 and Q1 2026 financial results.
Join our conference call tomorrow, June 23 at 11:00 AM ET for the full discussion: https://us06web.zoom.us/webinar/register/WN_2iMZ8tSRSSGuKDEqDtINuw
FY2025 was a year of progress: revenue grew 18%, new bookings surged 122%, gross margins held at 49%, and net loss improved 65%. Adjusted EBITDA improved 17%, reflecting continued movement toward profitability.
Q1 2026 was a transitional quarter. Revenue came in slightly below the prior year period at $1.0M, and bookings started slow before recovering to $907K year-to-date by mid-April. Adjusted EBITDA improved 41% as cost efficiencies took hold, and recurring revenue grew 9%.
The Clear Blue 2.0 strategy is focused on high-growth satellite and cellular telecom markets. Recent milestones include a contract with Eutelsat, an LOI for up to 15,000 potential system deployments, and advancing partnerships with a leading Middle Eastern satellite operator and a European IoT-focused communications provider.
With $1.2M in annualized cost reductions already realized and another $950K identified for the back half of 2026, the company is positioning for improved, and potentially positive, Adjusted EBITDA in the quarters ahead.