Norris Industries Inc
NRIS
$0.139 -4.07%
Exchange: OTC | Sector: Energy | Industry: Oil Gas Exploration Production
Q1 2026
Published: Jul 15, 2025

Earnings Highlights

  • Revenue of $0.09M up 18.1% year-over-year
  • EPS of $0.00 increased by 52.4% from previous year
  • Gross margin of -61.2%
  • Net income of -167.41K
  • ""We are focused on realigning our operational strategies to address our current inefficiencies. The market is challenging, and we need to adapt."" - CEO
NRIS
Norris Industries Inc

Executive Summary

In Q1 2026, Norris Industries Inc reported a revenue of $92,770, a significant drop compared to the previous quarters, resulting in a gross loss of $56,736. The company continues to face major challenges in operational efficiency and profitability as highlighted by an operating loss of $140,060. The total net income reported for the quarter stood at -$167,408, demonstrating ongoing financial distress. Despite some improvements in Revenue Year-over-Year (YoY) and Quarter-over-Quarter (QoQ), management recognized the necessity for strategic adjustments to navigate this turbulent market effectively.

Management emphasized their commitment to reassessing operational strategies to improve EBITDA and recover from persistent losses. There is an urgent need to optimize the cost structure, particularly in administrative expenses, which accounted for the majority of the operational costs. Investors are advised to monitor the companyÒ€ℒs strategic shifts as they seek potential stabilization amidst an unpredictable energy market.

Key Performance Indicators

Revenue
Increasing
92.77K
QoQ: 13.49% | YoY: 18.12%
Gross Profit
Increasing
-56.74K
-61.16% margin
QoQ: 29.03% | YoY: 50.55%
Operating Income
Increasing
-140.06K
QoQ: -31.15% | YoY: 13.73%
Net Income
Increasing
-167.41K
QoQ: -7.00% | YoY: 14.14%
EPS
Increasing
0.00
QoQ: 41.18% | YoY: 52.38%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 0.09 0.00 +18.1% View
Q3 2025 0.08 0.00 -6.2% View
Q2 2025 0.08 0.00 -6.8% View
Q1 2025 0.10 0.00 +23.3% View
Q4 2024 0.08 0.00 +28.1% View