Fusion Fuel Highlights First Quarter 2026 Financial Results of Majority-Owned Subsidiary Quality Industrial Corp., Highlighted by Return to Profitability and Significant Operating Expense Reduction
Fusion Fuel highlighted Q1 2026 results for its majority-owned subsidiary Quality Industrial Corp (QIND), which returned to profitability with $0.1 million in net income compared to a $1.3 million loss in the prior year. QIND reported revenue of $3.67 million, up 1.4% year-over-year, while slashing operating expenses by 56.6% to $0.8 million, driving operating income to $0.18 million from a $0.95 million loss.
Key figures
- Revenue
- 3670000
- Revenue Yoy
- 1.4%
- Gross profit
- 1000000
- New contract value
- 1140000
AI analysis
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