Eddy Smart Home Solutions Ltd. Announces Q2 2026 Financial Results

Eddy Smart Home Solutions Ltd. (TSXV: EDY) is pleased to announce its financial results for the three and six months ended June 30, 2026.

Q2 2026 Highlights

Revenue For the three months ended June 30, 2026, revenue increased 27% to $1,358,454, an increase of $290,269 from $1,068,185 in the same period of 2025. For the six months ended June 30, 2026, revenue increased 21% to $2,591,340, an increase of $456,151 from $2,135,189 in the same period of 2025.

Net Loss For the three months ended June 30, 2026, net loss was $1,086,205, compared to $1,013,186 for the same period in 2025. For the six months ended June 30, 2026, net loss was $1,891,244, compared to $1,765,143 for the same period in 2025. The increase in net loss was primarily attributable to higher expenditures associated with the recruitment of sales professionals as the Company continues to expand its sales organization. These expenditures reflect the Company's investment in its sales organization and its strategic objective of expanding its market presence in the United States.

Operational Revenue - Non-IFRS Financial Measure Operational revenue is a non-IFRS financial measure that represents total billings under customer contracts, including monthly monitoring subscriptions, equipment rentals and sales, project management services, and installation activities. Operational revenue is not a standardized financial measure under IFRS and may not be comparable to similarly titled measures used by other companies. Operational revenue differs from reported IFRS revenue primarily because customer billings and revenue recognition under IFRS may occur in different periods depending on the nature of the customer arrangement and the applicable revenue recognition requirements. Accordingly, operational revenue should be considered as a supplemental measure of customer billings and not as a substitute for IFRS revenue.

For the three months ended June 30, 2026, operational revenue increased 43% to $3,072,755, an increase of $929,985 from $2,142,770 in the same period of 2025. For the six months ended June 30, 2026, operational revenue increased 30% to $5,667,426, an increase of $1,304,634 from $4,362,792 in the same period of 2025.

Recurring Billings and Average Monthly Recurring Revenue - Non-IFRS Financial Measures Recurring billings are a non-IFRS financial measure representing billings associated with the Company's contracted monthly monitoring and equipment arrangements. The measure is intended to provide supplemental information regarding the recurring billing component of the Company's business. Recurring billings are not equivalent to IFRS revenue and are not a standardized financial measure under IFRS. The Company generates billings under a combination of monthly and annual customer arrangements. As a result, the timing of billings may differ from the timing of revenue recognition under IFRS. Management uses recurring billings and average monthly recurring revenue as supplemental operating measures when evaluating the Company's recurring billing activity.

For the three months ended June 30, 2026, recurring billings totaled $944,054, compared to $934,628 in the same period of 2025. For the six months ended June 30, 2026, recurring billings totaled $1,996,516, compared to $1,728,000 in the same period of 2025, representing an increase of $268,516, or approximately 16%. Average monthly recurring revenue was $332,753 for the six months ended June 30, 2026, compared to $288,000 for the same period in 2025, representing an increase of approximately 16%. Based on the six-month average monthly recurring revenue, the annualized recurring billing run-rate was approximately $4.0 million.

In-Building Devices The Company also monitors the number of in-building devices installed as an operating metric reflecting the deployment of its smart water metering and leak protection solutions. As of June 30...