Revenue up 13% on product strength, but net loss narrowed on non-operating factors

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read

Key Changes

• high

  Net loss narrowed 75% to $296k while operating loss widened 41% to $2.7M — the improvement came from $1.7M in below-the-line items (non-operating/other +$1.6M, income tax +$27k), not operations.

  MD&A: Other Income & Net Income verify on EDGAR →
• high

  Avalanche Technology filed patent infringement suits in Delaware federal court and the USITC alleging infringement of four patents; USITC investigation targets July 2027, and an adverse finding could block product imports.

  Legal Proceedings verify on EDGAR →
• high

  Product sales jumped 28% to $14.1M, reversing prior-year stagnation; gross margin improved 130bp to 52.7% on favorable mix and yield gains.

  MD&A: Revenue & Gross Margin verify on EDGAR →