Financial Highlights of the Fiscal Quarter Ended February 28, 2025
Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) (FSE: J4U) has reported its financial results for the fiscal quarter ended February 28, 2025. The company generated revenues of $1.0 million during this period, and an adjusted EBITA loss of $0.4 million. The financial results are consistent with management’s budget expectations and FY 2025 targets.
- Revenues: $1,004,121 (versus $686,205 for the comparable period in FY 2024)
- Expenses: $1,717,470 (versus $1,277,418 for the comparable period in FY 2024)
- Adjusted EBITA loss: $441,837 (versus loss of $325,488 for the comparable period in FY 2024)
The company’s operational highlights include the expansion of its flagship product into China, and the first user forum hosted by Mettler Toledo. Telescope and its global distribution partner, Mettler Toledo, launched the distribution of Telescope’s DirectInject-LC product in China. The company also executed several product demonstrations at large accounts in expanded geographic markets, to advance the commercial adoption already established in the US, Europe, and Japan.
| Product Expansion | China |
| Product Demonstrations | Expanded Geographic Markets |
| User Forum | Mettler Toledo |
The company has also published a new White Paper on its accessory product to DirectInject-LC, which highlights the co-development of a sampling filter accessory named the EasyFrit. This add-on enhances process understanding for crystallization chemistry and other heterogeneous processes, broadening the platform portfolio and application scope of Telescope’s instrument.
- EasyFrit
- Co-development with Mettler Toledo
- Enhances process understanding for crystallization chemistry
In addition to its operational highlights, the company has made significant progress on its collaboration with Pfizer for the development of its Self-Driving Lab (SDL) project. The combination of a close collaboration with Pfizer scientists and a strong financial contribution has enabled excellent progress on this project. Telescope’s SDL uses artificial intelligence, advanced process analytical technology, and robotic automation to autonomously perform chemistry research.
- SDL Project
- Pfizer Collaboration
- Uses AI, advanced process analytical technology, and robotic automation
The company has also successfully completed the Brine-to-Battery program, which has produced battery-grade (>99% pure) lithium carbonate from a wide variety of North American lithium-containing brines. This technology has collapsed the lithium carbonate refining flow sheet, reducing the costs to enable a sustainable, on-shore supply of battery raw materials.
- Brine-to-Battery Program
- Produces battery-grade lithium carbonate
- Reduces refining costs
The company’s CEO, Henry Dubina, commented on the quarter’s results, stating that they reflect “disciplined execution of our strategy and the strength of our partnerships.” He also highlighted the company’s ability to advance its enabling technologies and deepen its industry presence, building lasting value in markets where innovation drives demand. The full financial statements and accompanying management discussion and analysis for the fiscal year ended February 28, 2025, are available on SEDAR+ (www.sedarplus.ca). About Telescope Innovations Corp. Telescope is a chemical technology company developing scalable manufacturing processes and tools for the pharmaceutical and chemical industry. The company builds and deploys new enabling technologies, including flexible robotic platforms and artificial intelligence software, that improves experimental throughput, efficiency, and data quality. Its aim is to bring modern chemical technology solutions to meet the most serious challenges in health and sustainability.
CTO HONOURED WITH 2025 R.U LEMIEUX AWARD
The company’s CTO, Professor Jason Hein, has been granted the prestigious 2025 R.U. Lemieux Award by the Chemical Institute of Canada. This award recognizes Professor Hein’s contributions to organic chemistry and his pioneering research into reaction mechanisms and process development. His recognition with the R.U. Lemieux Award is a testament to his impact on both academic and industrial chemistry. The award highlights Professor Hein’s leadership in Telescope’s technology development team, enhancing advanced analytics, robotics, and artificial intelligence platforms for process chemistry.
Quote from CEO Henry Dubina
“This quarter’s results reflect disciplined execution of our strategy and the strength of our partnerships,” commented Henry Dubina, Telescope CEO. “By advancing our enabling technologies and deepening our industry presence, we’re building lasting value in markets where innovation drives demand.”
About Telescope
Telescope is a chemical technology company developing scalable manufacturing processes and tools for the pharmaceutical and chemical industry. The company builds and deploys new enabling technologies, including flexible robotic platforms and artificial intelligence software, that improves experimental throughput, efficiency, and data quality. Its aim is to bring modern chemical technology solutions to meet the most serious challenges in health and sustainability.
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