Northstar Clean Technologies Inc. (ROOF) Earnings Call Transcripts

Northstar Clean Technologies Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Northstar Clean Technologies Inc. reported a net loss of $1.9 million, reflecting a significant increase from Q1 2025, primarily due to noncash fair value remeasurements and pre-commercial operating expenses. The company exited the quarter with $12.7 million in cash, bolstered by a $10 million convertible debenture. Management signaled that Q2 will likely see the first product revenue from their Calgary facility, which is now operational and approaching its target production of 100 tonnes per day, a key milestone for future profitability.

Reported metrics

Guidance from management

Management expects to report product revenue starting in June 2026 and anticipates continued operational improvements leading to cash flow breakeven, although the timeline for this has been extended.

What management said

Yes. So ERA Milestone 4, as you know, we need consecutive operating days at 100 tonnes a day. We expect that to commence in June. So we originally thought that we would be able to hit that fully in June, but we -- our expectation is that we will commence it in June and continue through July. And we're continuing to engage with ERA on Milestone 4 and days of production, et cetera. But that's where we're at from a deli...

Yes. Just -- I mean, essentially, we -- I think we did it the last one where we said the focus in Hamilton and Baltimore are permitting and land development and kind of, yes, same ongoing with both of those.

What analysts pressed on

Analysts expressed concerns regarding the timeline for achieving cash flow breakeven and the company's significant exposure to oil prices, particularly in light of the volatility in asphalt pricing. There were also questions about the effectiveness of the convertible debenture and its impact on future dilution.

Main topics on the call

• Operational Milestone Achievement — Northstar's Calgary facility is now operational, with production nearing the target of 100 tonnes per day. Aidan Mills stated, "we are now starting the operating procedure, and we are now starting to operate the plant da...
• Product Revenue Expectations — Management expects to report product revenue in Q2, with Aidan Mills indicating, "we expect that to be all straight through the month of June now." This is a critical development as it will diversify revenue streams beyo...
• Financial Position and Flexibility — The company has strengthened its financial position with $12.7 million in cash and a $10 million convertible debenture. Lynda Paananen noted, "we are getting ourselves ready and in a state where we are ready for operatio...
• Volatility in Financial Results — Management acknowledged that noncash results will drive volatility in comprehensive income, with Lynda stating, "those noncash results will drive volatility in the bottom line number." This could impact investor sentimen...

Read the full Northstar Clean Technologies Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 13 Northstar Clean Technologies Inc. earnings call transcripts on record, spanning November 23, 2022 to June 2, 2026. Based on this history, Northstar Clean Technologies Inc. reports quarterly. The most recent call on file is dated June 2, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ROOF

Exchange

TSXV

Country

CA

Sector

Industrials

Industry

Commercial Services and Supplies

Calls on record

13

First call

November 23, 2022

Most recent

June 2, 2026

Reporting cadence

quarterly