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Tantalus Systems Holding (TSE:GRID)
TSX:GRID
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-C$0.01Last Year’s EPS
C$0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 5.85%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Positive
The earnings call for Tantalus Systems reflected a generally positive outlook with significant achievements, including solid revenue growth, successful launch of the TRUSense Gateway, and record-breaking order conversions. However, challenges such as a net loss and a decline in trailing 12-month revenue were noted. The overall sentiment leans towards optimism due to the strong operational and financial performance metrics highlighted throughout the call.Company Guidance
During Tantalus Systems' Q3 2024 earnings call, several key metrics were highlighted, showcasing the company's financial and commercial progress. Tantalus reported a 14% year-over-year revenue growth, achieving $11.6 million in the quarter, marking its second-highest revenue in a quarter. Gross profit margins remained robust at 56%, contributing to a positive adjusted EBITDA of $585,000. The company secured $40.2 million in orders in the first nine months, reflecting a 46% increase compared to the previous year. Additionally, Tantalus added 26 new utilities to its user community and generated initial revenue from the TRUSense Gateway, with orders from 21 utilities. Recurring revenue accounted for 29% of total revenue in Q3, underscoring the growing importance of SaaS subscriptions and software licenses within Tantalus's revenue mix. The company's balance sheet was strong, with $7.1 million in adjusted working capital and over $37 million in total assets, providing adequate flexibility to scale operations.Solid Revenue Growth
Tantalus Systems reported a revenue growth of 14% year-over-year, reaching $11.6 million in Q3 2024, marking the second-highest quarterly revenue in the company's history.
TRUSense Gateway Launch
Tantalus generated revenue from the TRUSense Gateway for the first time, securing initial orders from 21 utilities.
Record Orders
The company converted $40.2 million in orders during the first 9 months of 2024, a 46% growth year-over-year, exceeding the highest dollar amount of orders ever converted in a calendar year.
Strong Gross Profit Margin
The gross profit margin remained strong at 56% in Q3 2024, with a notable contribution from software and services revenue.
Increased Recurring Revenue
Recurring revenue comprised 29% of total revenue in Q3 2024, the highest contribution to date, driven by the annual renewal of TRUSync grid data management software.
Addition of New Utilities
Tantalus added 26 new utilities to its user community in the first 9 months of 2024, setting a company record.
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TSE:GRID Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GRID Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | C$1.88 | C$1.79 | -4.79% |
| Aug 06, 2024 | C$1.45 | C$1.40 | -3.45% |
| May 07, 2024 | C$1.74 | C$1.76 | +1.15% |
| Mar 26, 2024 | C$1.55 | C$1.61 | +3.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tantalus Systems Holding (TSE:GRID) report earnings?
Tantalus Systems Holding (TSE:GRID) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Tantalus Systems Holding (TSE:GRID) earnings time?
Tantalus Systems Holding (TSE:GRID) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GRID EPS forecast?
TSE:GRID EPS forecast for the fiscal quarter 2024 (Q4) is -C$0.01.
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