Cheelcare Announces First Quarter Fiscal 2027 Financial Results

Markham, Ontario--(Newsfile Corp. - September 25, 2026) - Cheelcare Inc. (TSXV: CHER) (OTC: CHCRF) ("Cheelcare" or the "Company"), a Canadian innovator in advanced mobility solutions, today announced its financial results for the three months ended July 31, 2026. All figures are in CAD unless otherwise noted.

Operational Highlights (Three Months Ended July 31, 2026) * Companion reimbursement and market access: The Company continued to advance Companion's U.S. commercialization following PDAC verification and Medicare and Medicaid reimbursement eligibility received in January 2026, with increased engagement across its dealer, clinician and funding networks. * Canadian patent issued for Companion platform: In May 2026, the Canadian Intellectual Property Office granted Canadian Patent No. 3,090,535 covering core technologies underlying the Companion power-assist platform. The patent complements the Company's existing U.S. patent protection and provides additional intellectual property protection for Companion in North America. * $3.02 million private placement completed: On July 3, 2026, Cheelcare completed an upsized private placement for gross proceeds of $3.02 million, providing additional capital to support commercialization, product development and working capital. * Curio engineering and regulatory work continued: Cheelcare continued engineering and validation activities for Curio in support of a future resubmission under Ontario's Assistive Devices Program and continued to advance the U.S. FDA 510(k) process. Cybersecurity testing for Curio has been completed. * Numotion Commercial Growth Summit: Subsequent to quarter-end, Cheelcare participated in Numotion's Commercial Growth Summit in Denver, presenting Companion to clinicians, Assistive Technology Professionals and other decision-makers within one of North America's largest Complex Rehab Technology networks. First Quarter Financial Highlights (Three Months Ended July 31, 2026) * Revenue of $828,516, compared to $417,981 in Q1 fiscal 2026, representing an increase of approximately 98%. * Gross profit of $481,637, representing a gross margin of 58.1%, compared to a gross profit of $212,787 and a gross margin of 50.9% in Q1 fiscal 2026. * Net loss of $501,008, or $0.02 per share, compared to a net loss of $1,630,108, or $0.15 per share, in Q1 fiscal 2026. The prior-year period included a significant listing expense associated with the Company's reverse takeover. * Cash and cash equivalents of $2.4 million at July 31, 2026, compared with $163,416 at April 30, 2026. Subsequent to quarter-end, the Company repaid its outstanding bank loans with the Business Development Bank of Canada in full.