Cleantek Industries Inc (CTEK)

Cleantek Industries Inc. First Quarter 2026 Interim UpdateMay 21, 2026 5:05 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - May 21, 2026) - Cleantek Industries Inc. (TSXV: CTEK) ("Cleantek" or the "Company"), a leading provider of patented energy technology solutions that reduce cost and carbon intensity in the wastewater management and industrial lighting sectors, is pleased to provide a business update and unaudited financial highlights for the three months ended March 31, 2026.During the quarter, the Company increased investments in strategic growth initiatives and upcoming projects expected to drive future revenue growth, including expenditures tied to its previously announced large international HALO SE project scheduled to commence in Q2 2026."Our first quarter results reflect a deliberate investment phase for the Company," said Riley Taggart, Chief Executive Officer. "We have continued to deploy capital and resources toward the construction of our international sales units. While these investments impacted near-term results, they are aligned with our broader strategic objectives and expected future demand."Q1 2026 HIGHLIGHTSManufacturing of HALO SE Crown Mount units for the international contract is actively underway at the Company's Crossfield, Alberta facility; revenue recognition is anticipated to commence in late Q2 2026 and continue through Q3 2026. The HALO International Program is expected to represent the largest single-contract revenue event in the Company's history.Revenue of $3,514 for Q1 2026, with core North American rental activity remaining steady at $3,349.Net income of $217, maintaining profitability through a quarter of elevated pre-revenue investment activity.Adjusted EBITDA of $1,001 (28% margin), with near-term compression reflecting upfront costs associated with scaling for international contract delivery.Working capital improved to a surplus of $835 at March 31, 2026, from a deficit of $(482) at December 31, 2025, supported by inventory and prepaid build for the HALO International Program and a significant reduction in the bank operating line balance.Shares outstanding as at May 21, 2026: 29,485,376.SELECTED FINANCIAL INFORMATION(Canadian $000's, unaudited, except per share amounts)
Q1 2026Q1 2025ChangeRevenue3,5143,705(191)Gross profit2,0752,346(271)Gross profit %59%63%(4%)Net income217449(232)EBITDA¹9781,193(215)Adjusted EBITDA¹1,0011,266(265)Adjusted EBITDA margin28%34%(6%)Capital expenditures415685(270) ¹ Non-IFRS measure. See Non-IFRS Measurements section.CAPITAL STRUCTURE(Canadian $000's, unaudited)
Mar 31, 2026Dec 31, 2025Current assets5,1684,554Current liabilities(4,333)(5,036)Working capital (deficit)835(482)Long-term debt - non-current6,9736,087Lease liabilities - non-current608701Non-current debt7,5816,788Shareholders' equity3,0972,661 Working capital improved by $1,317 quarter-over-quarter, driven by inventory and prepaid build for the HALO International Program and a reduction in the bank operating line balance from $1,046 to $245. Non-current debt increased to $7,581, reflecting net drawdowns on the BDC manufacturing facility to fund fleet additions and contract-related capital expenditures. Shareholders' equity increased to $3,097, driven by Q1 net income and a $183 foreign currency translation adjustment.OPERATIONAL PRIORITIES AND OUTLOOKCleantek enters the balance of 2026 with a contracted international revenue catalyst in active execution, a North American rental base operating at stable utilization, and the expansion of international opportunities. The Company's near-term operational priorities include:Executing on delivery and installation of up to 60 HALO SE Crown Mount lighting systems under the HALO International Program, with revenue recognition anticipated commencing in late Q2 2026;Sustaining and growing North American rental utilization across the lighting and wastewater treatment fleets;Advancing the EcoSteam program, which continues to generate positive customer response and positions Cleantek to address growing operator demand for emissions-reduced wastewater treatment;Expanding international sales and rental activity in markets where the HALO SE Crown Mount has demonstrated performance; andEvaluating acquisition and merger opportunities that expand product offering, customer reach, or geographic presence, with a longer-term objective of accessing broader capital markets including a potential TSX uplisting.Management maintains the Company's EBITDA outlook for 2026, citing a growing list of opportunities and improving market conditions across several key operating regions."We continue to see encouraging activity levels within our target markets," added Riley Taggart. "Our focus remains on disciplined growth, operational execution, and positioning the Company to capitalize on opportunities currently in development."ABOUT CLEANTEK INDUSTRIESCleantek is an energy technology company providing specialized and fully integrated wastewater treatment, disposal equipment, and turnkey sustainable lighting rental solutions. By leveraging patented technology and industry expertise, Cleantek delivers tailored, cost-effective solutions to a diverse client base, including blue-chip exploration and production companies across North America. The Company is focused on operational execution, technology innovation, and expanding its presence across key industrial markets while continuing to deliver long-term value for customers and shareholders.The Company's financial statements and MD&A are available on SEDAR+ at www.sedarplus.ca.NON-IFRS MEASUREMENTSEBITDA and Adjusted EBITDA are non-IFRS measures used by management to evaluate operating performance and cash flow generation. EBITDA is defined as net income before finance costs, income taxes, and depreciation and amortization. Adjusted EBITDA is EBITDA further adjusted for share-based compensation, unrealized foreign exchange gains and losses, and episodic items not indicative of recurring earnings capacity, including gains and losses on disposal of property and equipment, gains and losses on termination of right-of-use assets, litigation expenses and settlements, executive severance, and gains on debt forgiveness. These measures do not have standardized meanings under IFRS and may not be comparable to similar measures presented by other issuers.FORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements, including statements relating to anticipated revenue recognition under the HALO International Program, expected EBITDA recovery, fleet expansion, international market development, and potential acquisition and capital markets activity. Forward-looking statements involve known and unknown risks and uncertainties, and actual results may differ materially. Cleantek disclaims any obligation to update forward-looking statements except as required by applicable securities laws.Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.FOR FURTHER INFORMATIONRiley Taggart, President & Chief Executive Officer
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Cleantek Provides Update on International HALO SE ContractMarch 20, 2026 9:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - March 20, 2026) - Cleantek Industries Inc. (TSXV: CTEK) ("Cleantek" or the "Company"), a leading provider of patented clean technology solutions that reduce both cost and carbon intensity in the wastewater management and industrial lighting sectors, provides an update on its previously announced international contract for the supply and installation of up to 60 HALO SE Crown Mount lighting systems.Manufacturing of the HALO SE Crown Mount units continues to progress at the Company's Crossfield, Alberta facility. Deliveries are expected to commence in late Q2 and continue through Q3, with the Company remaining on schedule across both production and delivery.The Company continues to monitor developments in the Middle East, with no impact to expected delivery at this time."We are executing exactly as planned," said Riley Taggart, CEO of Cleantek. "Manufacturing at our Crossfield facility is progressing on schedule, and we remain fully aligned with our delivery timeline. This contract reinforces the strength of our manufacturing capabilities and our ability to deliver at scale for both North American and international customers."Following successful deployments in 2025, Cleantek continues to see growing international demand for its solutions. The HALO SE Crown Mount systems are engineered for demanding industrial environments, delivering reliable, high-intensity lighting to support safe and efficient operations. For more information, please visit the Company's website or view the corporate presentation.About Cleantek Industries Inc.Cleantek Industries designs, manufactures, and deploys performance-driven industrial technologies that lower costs and enhance efficiency in wastewater and lighting applications. The Company's patented, field-proven systems provide reliable, scalable solutions to a diverse client base, including blue-chip exploration and production companies across North America and international markets.Focussed on strong execution and expanding market reach, Cleantek is positioned to accelerate growth and expand its global footprint.For Further Information:Riley Taggart, President & Chief Executive Officer 
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how is the VWAP 1.42? on over 6M shares, after hitting 2.65


this market is seriously corrupt

they mm algos act like a offering came out

1.39 @ 11:11

PICK UP SOME $CTEK ON THIS WILD DIP

$CTEK: She's ripping upside in Premarket....... now 2.25


Cyber Security stocks are HOT again




GO $CTEK

SmallCap CyberSecurity play

Next leg about to start

Let's see this hit $3

CTEK @ $2.30s: Rival WKEY up big on NFT news. CTEK likely next w/ NFT news


CTEK has Q4 Conference Call scheduled for 3/25/21.

CTEK matches up nicely with WKEY in most important metrics.

In addition, CTEK @ $2.30s, has a micro-float that is roughly 40% lower than WKEY.

CTEK will likely make a move into NFTs at any time going forward. Ceding competitive advantage to WKEY is simply not an option.

WKEY is a great play and likely headed higher.

The higher WKEY goes on NFT news the better for CTEK early investors.

CTEK looks like a NFT sitting duck right now.


3/25/2021 Conference Call link:
<A HREF="https://www.thelion.com/bin/redir.cgi?tgt=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fcynergistek-host-conference-call-thursday-210100799.html&id=27981&blog=1"><A HREF="https://www.thelion.com/bin/redir.cgi?tgt=https%3A%2F%2Fcynergistek.com%2Fcybersecurity%2F&id=49652&blog=1"><A HREF="https://www.thelion.com/bin/redir.cgi?tgt=https%3A%2F%2Fcynergistek.com%2Fcybersecurity%2F&id=49652&blog=1">https://cynergistek.com/cybersecurity/</A></A></A>

Ctek 1.69$ premarket

Ctek $1.61

Ctek $1.58 golden cross setup

* * $CTEK Video Chart 09-30-2020 * *

Link to Video - click here to watch the technical chart video

10-k

https://www.sec.gov/Archives/edgar/data/1011432/000144586620000277/ctek_10k.htm

Orphaned?

Interesting - looks like zero interest from the street.

Flat but decent numbers ($70 million last year), in a 'supposedly' hot sector - cybersecurity.

Minimal movement even after division sale for $30 million in March.