Filing Flows › Medinotec (MDNC) › Q1 FY27
Medinotec (MDNC) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jul 9, 2026
Medinotec (MDNC) reported revenue of $2.7M for the first quarter fiscal 2027 (Q1 FY27), +24% from a year earlier and +45% from the quarter before. Operating margin was 6.8%, net earnings $222K (8.4% of revenue).
Medinotec, Q1 FY27: revenue $2.7M (+24% year over year), operating margin 6.8%, net earnings $222K, operating cash flow −$176K. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | +45% | +24% |
| Gross profit | $1.3M | +53% | +43% |
| Operating profit | $181K | — | -35% |
| Net earnings | $222K | — | +95% |
| Operating cash flow | −$176K | — | — |
What changed
Revenue was $2.7M in Q1 FY27, up 24% year over year and up 45% from the previous quarter. Outside U S A Distribution Agreement Sales was the largest line at 81% of revenue. Outside U S A Distribution Agreement Sales added $511K year over year (up 31%), 99% of the total change. Outside U S A Internally Designed Manufactured Sales declined 36%.
Gross margin was 49.3%, up 6.5 points from Q1 FY26. Operating profit was $181K, a 6.8% margin (down 6.2 points year over year). Operating profit fell $97K even though revenue rose $517K versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 77% against revenue growth of 24%. The fastest-growing cost line was Sales & marketing (+2211%). Net earnings were $222K, up 95% year over year. The effective tax rate was -6.5%.
Operating cash flow was −$176K. Non-cash charges added back $21K of depreciation and amortization. Working capital and other items used $419K. Capital expenditures of $40K exceeded it, leaving free cash flow of −$216K.
Questions
What was Medinotec's revenue in the first quarter fiscal 2027?
Medinotec (MDNC) reported revenue of $2.7M for the first quarter fiscal 2027 (Q1 FY27), +24% from a year earlier and +45% from the quarter before.
Was Medinotec profitable in the first quarter fiscal 2027?
Operating profit was $181K (6.8% of revenue) and net earnings $222K.
Source: Medinotec 10-Q on SEC EDGAR.