Revenue Growth

Vext Science Inc. (VEXTF) reported strong Q3 2025 results, with revenue up 41% year-over-year to $12.7 million. This growth was fueled by expanded retail operations in Ohio and resilient performance in Arizona. Year-to-date operating cash flow reached $8.5 million, a significant improvement from the previous year. Vext is on track to reach the Ohio dispensary license cap of eight by 2026, positioning itself for continued growth in the adult-use market. The company maintains a focus on maximizing dispensary performance and strategic expansion.

Full Truck Alliance Co. Ltd. (FTA) announced its Q3 2025 financial results. Total net revenues reached RMB3,358.2 million (US$471.7 million), a 10.8% increase YoY. Net income was RMB921.0 million (US$129.4 million). Fulfilled orders grew by 22.3% to 63.4 million, and average shipper MAUs increased by 17.6% to 3.35 million. FTA’s Founder highlighted commitment to cost reduction and efficiency. The acquisition of Giga.AI aims to strengthen AI capabilities. Transaction service revenue increased 39.0% YoY.

IQSTEL (IQST) reported record Q3 2025 revenue of $102.8M, a 90% YoY increase. Nine-month revenue reached $232.6M (+26% YoY). Strategic moves include acquiring 51% of Globetopper and launching AI call center services. While reaffirming 2025 revenue guidance of $340M, the adjusted EBITDA was $683,189. Concerns remain regarding the gap between revenue and EBITDA run rates. The Company forecasts $430M organic revenue for 2026. IQST’s expansion and AI investments demonstrate robust growth, but profitability challenges warrant attention.

Syntec Optics (OPTX) reported Q3 2025 net sales of $6.95M, a 6% sequential increase driven by LEO satellite optics and defense products. Gross profit decreased to $0.9M due to labor and overhead investments. Adjusted EBITDA was approximately $0M, and net loss totaled $1.4M (loss of $0.04 per share). Cash balance stood at $0.6M, with $1.3M in total liquidity. The company projects Q4 2025 revenue between $7.3M and $8.0M.

Zedcor (ZDCAF) reported record Q3 2025 results, with $16.0 million in revenue (+75% YoY) and $5.7 million in Adjusted EBITDA (+68% YoY). The Adjusted EBITDA margin was 36%. Zedcor’s fleet reached 2,351 units (1,053 in the U.S.). The company raised $25.311 million in equity and increased its banking facility to $50.0 million. U.S. revenue was 36% of Q3 revenue, with Houston production at 35–40 towers/week. However, they reported a working capital deficit of $(4.8)M.

Cisco reported strong Q1 2025 results, exceeding expectations for both revenue ($14.88B) and EPS ($1 adjusted). Overall revenue grew 8% YoY, driven by a 15% surge in the networking segment. AI infrastructure orders reached $1.3 billion, highlighting Cisco’s strategic positioning. While security and collaboration segments saw declines, Cisco anticipates robust Q2 revenue ($15-$15.2B) and raised its full-year outlook, driven by AI and networking demand. Cisco shares are up 25% year-to-date.

Oura, the smart ring maker, projects sales near $2 billion next year, doubling its 2024 revenue. This surge is driven by women’s health features, international expansion, and AI integration. The company has sold over 5.5 million rings since 2015 and is focused on preventative health, incorporating glucose monitoring and researching blood pressure. Oura leverages AI to provide personalized health insights and has launched Oura Advisor, an AI-powered health chatbot. While an IPO is speculated, no immediate plans have been announced.

Willdan Group (WLDN) reported strong Q3 2025 financial results, with contract revenue up 15% to $182.0 million and net revenue increasing 25.5% to $95.0 million. Net income surged 86.8% to $13.7 million, and adjusted EBITDA rose 52.5% to $23.1 million. The company is raising its full-year 2025 financial targets, now anticipating net revenue between $360 million and $365 million and adjusted diluted EPS between $4.10 and $4.20. Willdan attributes its success to data center infrastructure and electrification initiatives.

Ralph Lauren Corporation reported strong second-quarter fiscal 2026 results, exceeding expectations with a 17% revenue increase (14% in constant currency). Global direct-to-consumer comparable store sales grew 13%. Adjusted gross and operating margins expanded, driven by strong full-price demand. The company maintained a healthy balance sheet with $1.6 billion in cash and returned $420 million to shareholders. Due to the strong first-half performance, the company raised its full-year fiscal 2026 constant currency revenue and adjusted operating margin expansion outlook.

Axon Enterprise (AXON) shares fell 9% after Q3 earnings missed expectations due to tariff headwinds, causing a margin decline to 62.7%. While revenue grew 31% to $711 million, driven by a 24% increase in connected devices revenue, the company reported a net loss. Axon is mitigating tariff impact by expanding its software and services, growing 41% to $305 million. The full-year revenue guidance was raised to $2.74 billion. Axon also announced the acquisition of Carbyne for $625 million, aiming to enhance emergency response systems with cloud and AI.