Titan Logic Corp - TPCFF STOCK NEWS

Titan Logix Corp. (TSXV: TLA), a mobile liquid measurement solutions technology company, has published its Annual General Meeting presentation materials from January 23, 2025, on its website. The materials outline the company's strategic growth plan, including details about its total addressable market, key focus areas, and product development initiatives. CEO Nick Forbes noted the company's progress on its strategic growth plan, emphasizing their goals for market penetration and company diversification over the next 5 years. The presentation materials are accessible on the company's investor relations webpage.

Titan Logix Corp. (TSXV: TLA) has announced the adoption of an amended and restated stock option plan, which received TSX Venture Exchange approval and shareholder approval at the January 23, 2025 annual general meeting. The Amended Option Plan maintains most features of the previous plan while introducing new provisions for cashless and net exercise options.

Key updates include compliance modifications with TSX Venture Policy 4.4 regarding corporate events, vesting terms, and hold periods. The plan caps the total reserved common shares at 3,000,000, with 1,350,000 stock options currently outstanding under the new plan's provisions.

Titan Logix Corp. (TSXV: TLA) held its annual general meeting (AGM) on January 23, 2025, where shareholders elected four directors to the board. The meeting saw a 52.9% participation rate, representing 15,094,720 common shares. All nominees were successfully elected with strong approval rates: S. Grant Reeves and Robert Tasker received 100% approval, Victor Lee received 97.84%, and Helen Cornett received 96.46% of votes.

Following the AGM, Grant Reeves was appointed as Chairman of the Board. The company also established two committees: the Audit Committee, chaired by Helen Cornett, and the Executive Compensation and Corporate Governance Committee, chaired by Victor Lee. All matters presented to shareholders were approved by the required majority.

Titan Logix Corp reported strong Q1 fiscal 2025 results with a 43% revenue increase to $2,160,000 compared to the same period last year. The company achieved one of its highest-grossing quarters in nearly a decade, driven by a fleet conversion from a successful pilot trial. Gross profit increased by $423,000 to $1,203,000, representing 56% of revenue compared to 52% in Q1 2024.

The company completed its first fleet conversion and added 7 new pilot trial customers across multiple market segments including Refined Fuels, Crude Oil, and Chemicals. Operating EBITDA improved to $664,000 compared to $206,000 in the same period last year. The company reported net earnings of $247,000 ($0.01 per share) compared to a net loss of $404,000 in Q1 2024.

Titan Logix Corp reported its fiscal 2024 results with a 10% revenue increase to $6.86 million from $6.21 million in 2023. The company achieved a gross profit of $3.46 million (51% margin) compared to $3.08 million (50%) in 2023. Net income rose to $546,000 from $83,000, resulting in earnings per share of $0.02. Operating EBITDA improved to $1.15 million from $648,000. The company noted increased product research expenses of $1.12 million, up from $373,000, supporting market diversification efforts. Management highlighted steady market share in crude and used oil segments while signaling expansion into refined fuels markets.

Titan Logix Corp. (TSXV: TPCFF) reported its fiscal 2024 Q3 results, showing increased revenue and gross profit. Q3 revenue rose 18% to $1,925,730, while gross profit increased to $1,003,660 (52% of revenue). The company saw sustained demand for TD100™ series products in crude and used oil markets. Titan is making progress with its market diversification strategy, completing two successful pilot trials in the Refined Fuels market. Despite increased product research and development expenses, the company's net loss decreased to $218,462 in Q3 2024, compared to $412,271 in Q3 2023. Operating EBITDA improved to $410,344 in Q3 2024 from $168,663 in the same period last year.

Titan Logix Corp. reports positive revenue growth in Q2 fiscal 2024, driven by increased demand for core products. However, gross margin decreased due to rising input costs. Net earnings improved in Q2 but declined over six months due to R&D expenses and non-cash fair value losses. Operating EBITDA improved in Q2 but decreased over six months. The company focuses on diversification and product development, with a commitment to new market segments and software solutions. Financial highlights show revenue growth, gross profit, and net earnings fluctuations. The company's financial position remains stable with working capital and total assets slightly decreasing, long-term liabilities stable, and total equity slightly decreasing. Non-IFRS measures are used to provide insight into the company's strategic plan for mobile liquid markets.

Titan Logix Corp. (TPCFF) releases materials from Annual General Meeting, detailing strategic growth plan and financial updates.

Titan Logix Corp. announced the election of four nominees as directors at its annual general meeting of shareholders, with a total of 11,938,374 common shares represented. The detailed voting results showed high percentages of votes for each nominee. The matters submitted to the shareholders for approval were also approved, and subsequent to the meeting, the newly-elected board of directors appointed Grant Reeves as Chairman of the Board and formed the Audit Committee and Executive Compensation and Corporate Governance Committee.