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Pioneering Technology Corp. Announces First Quarter 2026 Financial Results
Mississauga, ON — March 2, 2026 — Leads & Copy —
Pioneering Technology Corp. (TSXV: PTE), a technology company and North America’s leader in cooking fire prevention technology and products, has released its audited financial results for the first quarter ended December 31, 2025.
The company's unaudited condensed interim consolidated financial statements and MD&A are available on SEDAR+.
Pioneering CEO Kevin Callahan said that the company focused on sales pipeline development, business development and new market opportunities over the past twelve months, but these activities have not yet translated to increased revenue. The Company believes that these activities will deliver growth via improved sales results, margins and future revenue in fiscal 2026 and going forward.
Financial highlights for Q1 2026 include revenue of $461,135, compared to $713,485 for the same period a year ago. Gross margin in Q1 was 48% ($221,556) versus 52% ($372,302) in Q1 2025.
Expenses in Q1 2026 were $378,429, a decrease of 2.9% versus Q1 2025 expenses of $389,428. The net loss for the quarter was ($166,779) versus a loss of ($26,215) in Q1 2025. Adjusted EBITDA was a loss of ($137,239) in Q1 2026 versus a profit of $35,801 in Q1 2025. The company has current assets of $1.7 million and $0.7 million in working capital.
Pioneering Technology Corp., based in Mississauga, Ontario, is described as an "energy smart" technology company and North America's leader in innovative cooking fire prevention technologies and products. Its mission is to protect people and property from cooking fires. Pioneering’s temperature limiting control (TLC) technology is installed in over 450,000 multi-residential housing units across North America. The company’s proprietary cooking fire prevention solutions include SmartElement, SmartBurner, SmartRange, and SmartMicro, suitable for the majority of stoves/ranges and microwave ovens in use throughout North America.
¹ Adjusted EBITDA are non-IFRS measures and may not be comparable to similar financial measures disclosed by other issuers. Please refer to “Non-IFRS Measures” at end of this press release.