MindWalk Holdings Corp. Reports 45% Increase in Quarterly Revenue, Narrows Net Loss to $3.0 Million

Reuters
Sep 15
<a href="https://laohu8.com/S/HYFT">MindWalk Holdings Corp</a>. Reports 45% Increase in Quarterly Revenue, Narrows Net Loss to $3.0 Million

MindWalk Holdings Corp. reported its financial results for the first fiscal quarter of 2026, ended July 31, 2025. The company achieved record quarterly revenue of $7.6 million, marking a 45% increase year-over-year. Revenue from continuing operations was $3.2 million, representing a 28% growth, while discontinued operations, primarily from the Netherlands operations divested in early Q2, contributed $4.4 million. The gross profit for the quarter was $4.0 million, up from $2.4 million in the previous year, with a gross margin expansion to 53%. Continued operations contributed $1.5 million at a 48% margin, whereas discontinued operations contributed $2.5 million at a 56% margin. MindWalk's net loss improved to $3.0 million from $4.0 million in the prior year. The company's cash balance at the end of the quarter was $5.0 million, augmented by $16.1 million in net proceeds from the divestiture of its Netherlands operations. Significant corporate developments included the rebranding of the company to MindWalk, integrating ImmunoPrecise Antibodies, BioStrand, and Talem under a unified identity. The divestiture of its Netherlands operations is intended to sharpen the company's focus on high-growth, AI-driven initiatives. Furthermore, the company advanced its dengue vaccine program into preclinical manufacturing and expanded validation of its LensAI platform, which aims to de-risk biologics development by predicting Anti-Drug-Antibody risk, thereby assisting partners in accelerating their programs and reducing costly late-stage failures.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MindWalk Holdings Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250915475297) on September 15, 2025, and is solely responsible for the information contained therein.

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