TORONTO, May 01, 2026 (GLOBE NEWSWIRE) -- Unisync Corp. ("Unisync") (TSX:"UNI") (OTC:"USYNF") today announced its financial results for the three and six months ended March 31, 2026, the Company reported net income of $2.2 million ($0.11 per share) for the quarter, compared to net income of $0.1 million ($0.00 per share) in the same period last year. Revenues increased by $4.1 million year-over-year to $28.7 million, driven primarily by previously announced new business that commenced shipping during the quarter. The Company also delivered significant margin expansion and improved profitability, with gross margin increasing to 25.8% and Adjusted EBITDA rising to $4.7 million.

In addition, the Company has secured over $8.0 million in incremental annual new business during the quarter, further strengthening its growth outlook.

"Our second quarter results build on the strong start to the year and reflect the continued momentum across our business. We are seeing the benefits of new program wins translating into revenue growth, alongside stronger margins, improved efficiency, and disciplined execution. With a solid pipeline of new business and a focused team delivering on our strategic priorities, we remain confident in our ability to drive sustained growth and profitability through the balance of the year." said Michael Smith, President of Unisync Group.

Highlights

Q2 2026:

Net income before income taxes of $3.1 million, compared to $1.0 million in the prior year

Gross margin increased to 25.8% from 20.5% year over year

Adjusted EBITDA(1) increased to $4.7 million (16.4%) compared to $3.2 million (12.9%)

Interest expense declined by $0.2 million due to overall reduced borrowings

Year to Date 2026

Net income before income taxes of $4.3 million, compared to a net loss ...