Earnings ·
MindWalk Holdings Corp. reported unaudited financial results for the quarter ended July 31, 2026
HYFTMindWalk Holdings Corp.
MindWalk Holdings Corp. reported unaudited financial results for the quarter ended July 31, 2026. Revenue increased 21.3% to CAD $3.8 million from CAD $3.2 million in the prior year period, driven by a 22.6% rise in project revenue. Gross profit grew 47.1% to CAD $2.2 million with a gross margin of 59%. Operating expenses rose to CAD $8.4 million due to increased sales and marketing costs and share-based payments, resulting in a net loss from continuing operations of CAD $6.1 million compared to CAD $4.1 million previously. Cash on hand decreased to CAD $7.8 million from CAD $11.5 million at the end of April 2026. The company disclosed material uncertainty regarding its ability to continue as a going concern, stating current cash is insufficient to fund operations for at least one year without additional financing. MindWalk Holdings Corp. operates in the biotechnology and artificial intelligence industry, developing AI-driven drug discovery platforms and therapeutic candidates.