SHARPE
Reported results
- Total revenue was $6.7 million in Q2 fiscal 2027 compared to $6.8 million in Q2 fiscal 2026.
- Total product and retail gross profit increased to $0.4 million in Q2 fiscal 2027 compared to a gross loss of less than $0.1 million in Q2 fiscal 2026; gross margin improved to 8.0% from (0.6%).
- Total costs and expenses were $7.7 million in Q2 fiscal 2027, up from $7.3 million in Q2 fiscal 2026.
- EBITDA loss was $0.7 million in Q2 fiscal 2027 compared to a loss of $0.1 million in Q2 fiscal 2026.
- Total Adjusted Gross Margin (non-GAAP measure) was 12.3% in Q2 fiscal 2027 compared to 4.0% in Q2 fiscal 2026.
- For the six-month period ended August 31, 2026, net loss was $2.449 million or $(0.26) per share, compared to $0.986 million or $(0.13) per share for the prior-year six-month period.
Notes
The Company completed a $6.6 million sale-leaseback transaction for its Durango manufacturing facility on October 16, 2026 (after quarter end), and used net proceeds to repay $6.6 million in 12% debt, incurring $0.3 million in prepayment penalties. On October 16, 2026, the Company received a $2.0 million advance from Alpine Bank for working capital. The Board formed a strategic committee to explore strategic alternatives including possible sale, merger, business combination, or going-private transaction.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-19 (8-K, Item 2.02). Read the original filing on sec.gov.