Clear Blue Technologies International (CBLU) Q3 2025 earnings summary

Executive summary

• Achieved significant Q3 and year-to-date growth, with Q3 2025 revenue reaching $953,972, up 158% year-over-year, driven by North American lighting activity and strong sales momentum into 2026.

• New Q3 2025 bookings were $745,175, a 682% increase from Q3 2024; year-to-date bookings as of September 30, 2025, were $4,203,699, up 192% year-over-year.

• Focused on becoming a global leader in smart solar energy operations, with over 15,000 units deployed in 35+ countries.

• Strategic partnerships with Eutelsat, iSAT Africa, and Cooper Lighting are driving expansion and market penetration.

• Secured a $1.5 million repeat order from iSat Africa post-quarter, expected to ship over the next two quarters.

Financial highlights

• Q3 revenue up 158% year-over-year, confirming a market rebound, with Q3 2025 gross profit at $352,574, up 108% year-over-year.

• Year-to-date revenue reached CAD 3.1 million, a 43% increase over the same period in 2024.

• Bookings for 2025 year-to-date totaled CAD 5.7 million, up 161% from last year.

• Recurring revenue for Q3 2025 was $164,032, a 60% increase year-over-year; year-to-date recurring revenue was $508,401, down 11% from the prior year.

• Non-IFRS Adjusted EBITDA for Q3 2025 was ($331,032), a 58% improvement year-over-year; year-to-date Adjusted EBITDA was ($942,927), a 57% improvement.

Outlook and guidance

• Management targets positive EBITDA and cash flow in 2026, with growth as the primary focus and stronger telecom sector demand expected.

• Orders for Eutelsat expected to begin shipping in Q1, supporting further revenue growth.

• Anticipates CAD 500,000–600,000 in additional cash from new R&D tax refunds in 2026, pending legislation.

• Ongoing cost management initiatives are expected to further reduce operating expenses by $200,000 in 2026.