Turnium Technology Group Inc. (TSXV: TTGI) reported record quarterly revenue following its acquisition of Insentra, although higher expenses contributed to a wider year-over-year loss.
The technology-services company reported fiscal third-quarter revenue of C$7.51 million, up 317.2% from C$1.80 million one year earlier and 16.6% from C$6.44 million during the preceding quarter.
Gross profit increased 91.6% year over year to C$2.74 million from C$1.43 million. However, the gross-profit margin represented approximately 36.5% of revenue, compared with about 79.3% in the prior-year quarter, reflecting the company’s changing revenue mix.
Turnium said its results were materially affected by the Insentra acquisition, whose operations have been included in its consolidated financial statements since January 1. The company also divested substantially all the assets and contractual obligations of Tenacious Networks in March.
Turnium completed the Insentra acquisition in February. The transaction expanded its managed IT, professional services, cloud, cybersecurity and Microsoft-related operations across Australia, the United States and the United Kingdom.
During Q3, Insentra completed 91 deals involving 47 partner organizations. The total comprised 74 new business engagements and 17 renewals. Insentra also recorded eight new opportunities involving four partners in AI and agentic-workspace services.
CEO Doug Childress said the company is working to “grow revenue, drive operational efficiencies and improve margins” as it integrates Insentra and expands its partner-led technology portfolio.
Despite the revenue increase, total expenses rose to C$5.02 million from C$2.65 million a year earlier. Turnium recorded a C$1.99 million net loss, compared with C$1.47 million in Q3 2025. The loss improved sequentially from C$2.63 million during the preceding quarter.
Adjusted EBITDA remained negative at C$1.07 million, compared with negative C$736,376 one year earlier and negative C$1.85 million in Q2. Adjusted EBITDA is a non-IFRS measure and may not be directly comparable with similarly named figures reported by other companies.
Turnium develops Technology-as-a-Service solutions for IT providers, telecommunications companies and cloud-service partners. Its portfolio includes SD-WAN networking, managed IT services, cybersecurity, hardware, cloud infrastructure and AI-as-a-Service.
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For fiscal Q4, ending September 30, management expects revenue of C$8.0 million to C$8.5 million and a gross margin of 33% to 38%.
Turnium also projects fiscal 2027 revenue of C$33 million to C$37 million and a gross margin of 34% to 40%. The guidance depends on factors including acquisition integration, customer demand, channel-partner execution and economic conditions.
Future financial reports will show whether Turnium can sustain sequential revenue growth while reducing its net and adjusted EBITDA losses. Other developments to monitor include completion of its back-office integration, targeted for December 2026, and expansion of its SD-WAN, cybersecurity and AI-as-a-Service operations.
Sources
- Turnium Technology Group fiscal Q3 2026 results
- Turnium company release on fiscal Q3 2026 results
- Turnium completes Insentra acquisition
- SEDAR+ regulatory filings
Editorial Disclosure
This article is based entirely on publicly available information, including company announcements and regulatory filings. Next Gen Tech Stocks was not compensated by Turnium Technology Group for this article, and the author holds no position in the securities mentioned. Company-reported results and guidance have not been independently verified. Turnium remains an early-stage, small-cap company with continuing losses and acquisition-integration, financing, execution and dilution risks. Adjusted EBITDA is a non-IFRS measure. Information is current as of August 27, 2026. This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Read our full disclaimer.
