WINDSOR, Ontario, Jan. 29, 2026 (GLOBE NEWSWIRE) -- NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended November 30, 2025 ("Q2 2026"). The quarter reflects continued progress in NEXE’s transition from proof-of-conc...
WINDSOR, Ontario, Jan. 29, 2026 (GLOBE NEWSWIRE) -- NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended November 30, 2025 ("Q2 2026"). The quarter reflects continued progress in NEXE’s transition from proof-of-concept to scalable commercialization, highlighted by revenue growth, decreasing unit costs, disciplined cost control, and a strong balance sheet. Building on this momentum, the Company is evaluating a strategy intended to improve commercialization timelines, including potential collaborations, licensing opportunities, and selective strategic acquisitions. NEXE is engaged in several discussions relating to these initiatives. Q2 2026 Results Revenue Growth: Revenue increased to $198,644, compared to $70,754 in Q2 2025, reflecting continued adoption of NEXE’s next-generation compostable coffee pod launched in late 2024 and the addition of a customer targeting the big box retail channel. Revenues for the first half of fiscal 2026 of $319,128 have surpassed total full-year 2025 revenues of $307,543, underscoring growing market validation and customer traction. Revenue increased to $198,644, compared to $70,754 in Q2 2025, reflecting continued adoption of NEXE’s next-generation compostable coffee pod launched in late 2024 and the addition of a customer targeting the big box retail channel. Revenues for the first half of fiscal 2026 of $319,128 have surpassed total full-year 2025 revenues of $307,543, underscoring growing market validation and customer traction. Gross Margin: Gross margins in the quarter were modestly negative, primarily due to one-time setup costs associated with onboarding a new client and fulfilling a large initial order for big box retail. However, on a per-pod basis, unit costs improved, down 25% from Q1 2026. As we continue to build scale, we expect costs to de...