Earnings release
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Glow Lifetech Reports Positive Q2 2026 Results ; Revenue Growth Continues for 12th Consecutive Quarter Toronto , Ontario -- ( Newsfile Corp. - August 25 , 2026 ) - Glow Lifetech Corp. ( CSE : GLOW ) ( OTCID : GLWLF ) ( FSE : 9DO ) ( " Glow " or the " Company " ) is pleased to report its financial results for the second quarter ended June 30 , 2026 ( " Q2 2026 " ) . In Q2 2026 , Glow delivered continued revenue growth , sustained high gross margins , generated positive cash flow from operations , improved operating efficiency , and completed the elimination of its remaining warrant overhang . These results reflect continued progress in building a scalable , capital - efficient operating model as the Company enters the second half of 2026 with an expanded national distribution platform and a strengthened financial foundation . " Q2 was another important quarter for Glow , delivering 20 % year - over - year revenue growth , our 12th consecutive quarter of year - over - year growth , positive operating cash flow , and a 29 % reduction in total expenses while maintaining strong gross margins , " said Rob Carducci , CEO of Glow Lifetech . " Importantly , we delivered these results while further strengthening the foundation of the business , including the full elimination of our warrant overhang and continued improvement in operating efficiency . As we enter the second half of 2026 , Glowis positioned with a stronger balance sheet , a cleaner capital structure , and an expanding national distribution platform . With recent product innovation , expanded penetration with leading retailers , and our recent entry into Quebec now underway , we believe the Company is well positioned for the next phase of growth while remaining focused on disciplined execution , sustainable profitability , and long - term value creation for shareholders . " Q2 2026 Highlights : • Net revenue of $ 522,968 , a 20 % increase compared to prior year ( Q2 2025 : $ 436,325 ) , marking the 12th consecutive quarter of year - over - year growth • Gross profit of $ 328,309 , a 12 % increase compared to prior year ( Q2 2025 : $ 293,141 ) • Gross margin of 63 % , compared to 67 % in prior year , reflecting sustained operational efficiency while scaling and the growing success of larger - format SKUs with higher dollar margins • Total Expenses of $ 481,490 , a decrease of 29 % compared to prior year ( Q2 2025 : $ 675,869 ) , demonstrating disciplined cost management and improving operating leverage while continuing targeted investment to support the Company's expanding retail distribution footprint • Cash flow from operations was $ 3,852 in Q2 2026 , an increase of $ 35,006 compared to prior year ( Q2 2025 : $ ( 31,154 ) ) , reflecting continued progress toward sustainable cash flow generation • EBITDA¹ loss narrowed to $ 89 , 145 , an improvement of 46 % compared to prior year ( Q2 2025 : ( $ 164,900 ) ) • Cash balance of $ 1,595,479 , an increase of 51 % compared to prior year ( Q2 2025 : $ 1,059,855 ) and working capital surplus of $ 1,806,578 , reflecting continued balance sheet strength • Current ratio of 2.62x , ( Q2 2025 : 2.24x ) , highlighting the Company's financial health and flexibility to support ongoing operations and strategic growth initiatives • In Q2 2026 , all of the Company's remaining 8,900,000 share purchase warrants expired unexercised , fully eliminating its warrant overhang . This follows the elimination of 41,031,673 warrants during Q1 20262 and 20,166,667 warrants during Q4 2025³ . In total , more than 70 million warrants have been eliminated over the past three quarters , significantly reducing potential dilution and simplifying its capital structure going forward . Q2 2026 and Subsequent Commercial Highlights :