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Cybeats Technologies Corp. Announces Second Quarter Fiscal 2026 Financial Results

Newsfile Corp•31/08/2026•16:10 ET
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Toronto, Ontario--(Newsfile Corp. - August 31, 2026) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats" or the "Company"), a leading provider of software supply-chain security, announces its financial results for the three and six months ended June 30, 2026. Please refer to the unaudited Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") filed on SEDAR+ at www.sedarplus.ca for more information.

Financial Highlights for the three months ended June 30, 2026 ("Q2 2026") with comparatives for the three months ended June 20, 2025 ("Q2 2025") * Revenue in Q2 2026 was $815,769, an increase of 9.5% or $71,105 over Q2 2025 revenue of $744,664. This growth was due to the addition of new customers and the expansion of our existing customers. * Net loss in Q2 2026 was $764,074 versus a loss of $792,922 in Q2 2025, an improvement of 4% or $28,848. Cash expenses decreased slightly to $1,535,904 in Q2 2026 compared to $1,536,727 in Q2 2025. * Cash at the end of the quarter was $261,643 compared to $1,072,900 at the end of Q1 2026. Subsequent to quarter end, the Company closed an oversubscribed non-brokered private placement for $1.9 million. Financial Highlights for the six months ended June 30, 2026 ("H1 2026") with comparatives for the six months ended June 30, 2025 ("H1 2025"): * Revenue in H1 2026 was $1,579,448, an increase of 11% or $153,656 over H1 2025 revenue of $1,425,792. * Net loss in H1 2026 was $3,195,069, versus a loss of $2,008,285 in H1 2025, driven by a non-cash expense of $1,572,206 in option grants in Q1 2026. The chart below shows revenue for the past 12 quarters (3 years), equating to a compounded annual growth rate of 37%. Quarterly revenue increased as a result of continued addition of new customers, and the expanded use of SBOM Studio / Consumer by existing customers. Management's objective is to continue to increase revenues to drive cash flow and profitability, which we believe will increase future Company value for shareholders.

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