Paragon Advanced Labs Q2 Net Loss Narrows as Revenue Jumps

11:27 AM EDT, 08/31/2026 (MT Newswires) -- Paragon Advanced Labs (PALS.V) said Monday that its second-quarter net loss narrowed to C$3.35 million, from C$4.2 million in the prior year period. The company, which provides mineral analytical services to the natural resource industry, did not provide per-share amounts. Quarterly revenue jumped to C$4.1 million, from C$0.8 million in the second quarter of 2025. "The second quarter provided clear evidence of the operational leverage in our business. Revenue increased 85% from Q1, we moved into positive gross profit, and we still have significant available capacity to support further growth. With recently announced commercial wins we expect the momentum to continue into the second half of the year," said Chief Executive Peter Shippen. Paragon shares were last seen down C$0.04 at C$3.25, on the TSX Venture Exchange. Price: 3.25, Change: -0.04, Percent Change: -1.22