Recon Technology, LtdRCONEarnings & Financial Report
Recon Instruments Inc. was a Canadian technology company that produced smartglasses and wearable displays marketed by the company as "heads-up displays" for sports. Recon's products delivered live activity metrics, GPS maps, and notifications directly to the user's eye. Recon's first heads-up display offering was released commercially in October 2010, roughly a year and a half before Google introduced Google Glass.
Revenue
$6.4M
Gross Profit
$1.7M
Operating Profit
$-3.2M
Net Profit
$-3.2M
Gross Margin
26.7%
Operating Margin
-50.4%
Net Margin
-49.8%
YoY Growth
-3.5%
EPS
$-1.16
Recon Technology, Ltd Q2 FY2024 Financial Summary
Recon Technology, Ltd reported revenue of $6.4M (down 3.5% YoY) for Q2 FY2024, with a net profit of $-3.2M (up 26.7% YoY) (-49.8% margin). Cost of goods sold was $4.7M, operating expenses totaled $4.9M.
Key Financial Metrics
| Total Revenue | $6.4M |
|---|---|
| Net Profit | $-3.2M |
| Gross Margin | 26.7% |
| Operating Margin | -50.4% |
| Report Period | Q2 FY2024 |
Recon Technology, Ltd Quarterly Revenue & Net Profit History
Recon Technology, Ltd results over the last 3 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $12.2M | +111.0% | $-832.7K | -6.8% |
| Q2 FY2025 | $5.8M | -9.6% | $-2.8M | -48.9% |
| Q2 FY2024 | $6.4M | -3.5% | $-3.2M | -49.8% |
Income Statement
| Q2 2024 | Q2 2025 | Q2 2026 | |
|---|---|---|---|
| Revenue | $6.4M | $5.8M | $12.2M |
| YoY Growth | -3.5% | -9.6% | 111.0% |
Balance Sheet
| Q2 2024 | Q2 2025 | Q2 2026 | |
|---|---|---|---|
| Assets | $68.1M | $74.2M | $77.6M |
| Liabilities | $9.6M | $8.9M | $13.1M |
| Equity | $60.0M | $66.9M | $66.4M |
Cash Flow
| Q2 2024 | Q2 2025 | Q2 2026 | |
|---|---|---|---|
| Operating CF | $-930972 | $-1.7M | $-1.9M |