OZ Vision Inc reported QQ1 2026 results with a revenue decline and meaningful margin expansion. Revenue totaled $24.8 million for the quarter, down 18.1% year over year and 0.8% quarter over quarter, while gross margin stood at 43.6%. The company delivered positive operating income of $3.03 million and net income of $3.03 million, resulting in an EBITDAMargin and net margin of 12.22%. The earnings profile suggests disciplined cost management and favorable product mix or pricing leverage within a lean cost base, even as top-line growth remained challenged.
Management has completed the brand transition from United Express to OZ Vision (completed September 2025), positioning the company to better articulate a full-suite logistics offering (dispatch and freight management) alongside trucking services. While the quarter demonstrates profitability on a lean cost structure, the absence of formal forward-looking guidance in the document and the relatively small scale of the business imply execution and liquidity risks remain. Investors should monitor revenue trajectory in subsequent quarters, customer concentration dynamics, and the company’s ability to convert margin gains into sustained free cash flow as scale improves.