Quarterly ResultOct 8, 2026, 11:31 AM
Medinotec Q2 FY2027 Revenue $3.20M; Net Income $40,866
AI Summary
Medinotec Inc. filed its Form 10-Q for the period ended August 31, 2026. The company reported a decrease in quarterly revenue and net income compared to the prior year's quarter. However, year-to-date revenue showed an increase, though net income declined. The balance sheet indicates growth in total assets and a reduction in total liabilities. The company's international operations continue to be the primary revenue driver.
Key Highlights
- Medinotec Inc. reported Q2 FY2027 revenue of $3.20M, a decrease from $3.24M in Q2 FY2026.
- Net income for Q2 FY2027 was $40,866, down from $346,566 in Q2 FY2026.
- EPS for Q2 FY2027 was $0.00 (basic and diluted), compared to $0.03 in Q2 FY2026.
- Six-month revenue for FY2027 was $5.85M, an increase from $5.37M in FY2026.
- Six-month net income for FY2027 was $262,880, a decrease from $460,350 in FY2026.
- Total assets as of August 31, 2026, were $6.95M, up from $6.81M as of February 28, 2026.
- Total liabilities decreased to $1.02M as of August 31, 2026, from $1.10M as of February 28, 2026.
- The company's operations outside the US generated $3.00M in revenue for Q2 FY2027, while US operations generated $0.20M.
Price Impact
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