Company Q1 Revenue Declines to $7.68M
Reports Q1 revenue $7.68M vs. $7.97M last year. The company said, "The revenues for the first quarter of fiscal 2026 were $7.68 million compared to $7.97 million for the first quarter of fiscal 2025. The revenues for the first quarter of fiscal 2026 consisted of $7.64 million in processing and storage fee revenue, $36,000 in product revenue and approximately $1,400 in public banking revenue compared to $7.87 million in processing and storage fee revenue, $21,000 in product revenue and approximately $82,000 in public banking revenue for the first quarter of fiscal 2025. The Company reported net income of approximately $47,000 or $0.01 per basic and diluted common share for the three months ended February 28, 2026, compared to net income of approximately $283,000, or $0.03 per basic and diluted common share for the same period in 2025."