First-quarter revenue proved $16.3 million versus $9.7 million in the prior-year period.
Gross profit amounted to $5.6 million versus $4.5 million in the first quarter of fiscal 2025.
Adjusted EBITDA was $(0.5) million for the first quarter of 2026 versus $0.5 million in the prior-year period.
Annualized recurring revenue of approximately $20.1 million at both the end of the first quarter and as of December 31, 2025.
Said CEO Rick Mills, “The first quarter played out largely as expected, with top line growth year-over-year but, as previously discussed, revenue was negatively impacted by several winter storms and other seasonal factors across much of our operating footprint.
“We expect the remainder of fiscal 2026 to show stronger sales based on our current book of business, a strong pipeline of new opportunities and growth from the acquisition of CDM. With the integration of this transaction substantially complete, we are investing in our people and business development initiatives with the goals of accelerating the Company’s revenue trajectory and improving profit margins through both synergy realization and cost leverage.
"We’re excited by the growth we see on the horizon, and the second quarter is already off to a great start in terms of new installations and customer engagement.”
CREX shares slid 19 cents, or 5.2%, to $3.45.
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