Tantalus Systems (GRID) Corporate presentation summary

Business overview and market opportunity

• Focuses on grid modernization by enabling utilities to harness data for improved distribution grid management.

• Serves a growing community of ~330 utilities, with over 4 million connected devices deployed.

• Grid modernization market in North America expected to reach $55.2B by 2032, with a 17% CAGR through 2030.

• 60% of the North American grid is past its life expectancy, driving urgent modernization needs.

Technology platform and innovation

• Offers a hardware-enabled software platform with analytics, applications, grid data management, and communications.

• TRUSense Gateway™ provides advanced metering, power quality measurement, EV/DER integration, and broadband support.

• Platform supports interoperability, leverages existing infrastructure, and enables predictive analytics for grid reliability.

• AI/ML-powered analytics deliver granular data insights to protect assets and improve operations.

Financial performance and growth

• FY 2025 revenue reached $54.1M, with adjusted EBITDA of $3.4M and gross profit margin of 55%.

• Annual recurring revenue grew to $14.5M, with a 19% CAGR since 2016.

• Positive cash flow from operations ($4.7M) and free cash flow ($4.0M) in FY 2025.

• Revenue growth driven by new utility customers and expanded deployments.