SHARPE
Reported results
- GAAP revenues for Q2 fiscal 2027 were $5.6 million compared to $9.7 million in Q1 fiscal 2027 and $13.6 million in Q2 fiscal 2026.
- GAAP operating loss was $1.8 million for Q2 fiscal 2027 compared to operating income of $14,000 in Q1 fiscal 2027 and operating income of $2.7 million in Q2 fiscal 2026.
- GAAP net loss was $1.7 million, or $0.19 per share, for Q2 fiscal 2027 compared to net loss of $411,000, or $0.05 per share, in Q1 fiscal 2027 and net income of $1.9 million, or $0.24 per share, in Q2 fiscal 2026.
- Non-GAAP Adjusted EBITDA was a loss of $949,000 for Q2 fiscal 2027 compared to Adjusted EBITDA of $811,000 in Q1 fiscal 2027 and Adjusted EBITDA of $3.1 million in Q2 fiscal 2026.
- Seamap segment backlog of marine technology product orders was $4.8 million as of July 31, 2026, down from $7.6 million at April 30, 2026 and $12.8 million at July 31, 2025.
- The Company ended the quarter with $15.8 million in cash and is debt-free; after-market business contributed approximately 87% of total revenue in Q2 fiscal 2027.
Notes
The Company states that after-market business contributed approximately 87% of total revenue in Q2 fiscal 2027. Management indicated that customers have expressed desire to move forward with sizable projects but timing remains uncertain and largely dependent on Middle East conflict resolution.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-08 (8-K, Item 2.02). Read the original filing on sec.gov.