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Medinotec (MDNC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jan 9, 2026
Medinotec (MDNC) reported revenue of $2.5M for the third quarter fiscal 2026 (Q3 FY26), -1% from a year earlier and -22% from the quarter before. Operating margin was 21.8%, net earnings $403K (15.9% of revenue).
Medinotec, Q3 FY26: revenue $2.5M (-1% year over year), operating margin 21.8%, net earnings $403K, operating cash flow $563K. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | -22% | -1% |
| Gross profit | $1.3M | -32% | +29% |
| Operating profit | $553K | +5% | +5% |
| Net earnings | $403K | +16% | +30% |
| Operating cash flow | $563K | -54% | +352% |
What changed
Revenue was $2.5M in Q3 FY26, down 1% year over year and down 22% from the previous quarter. Outside U S A Distribution Agreement Sales was the largest line at 85% of revenue. Inside U S A Internally Designed Manufactured Sales lost $89K year over year (down 41%), 317% of the total change.
Gross margin was 53.1%, up 12.5 points from a year earlier. Operating profit was $553K, a 21.8% margin (up 1.2 points year over year). Operating expenses grew 55% against a revenue fall of 1%. The fastest-growing cost line was Sales & marketing (+649%). Net earnings were $403K, up 30% year over year. The effective tax rate was 25.7%.
Operating cash flow was $563K (up 352% year over year), 140% of net earnings. Non-cash charges added back $8K of depreciation and amortization. Working capital and other items added $152K.
Questions
What was Medinotec's revenue in the third quarter fiscal 2026?
Medinotec (MDNC) reported revenue of $2.5M for the third quarter fiscal 2026 (Q3 FY26), -1% from a year earlier and -22% from the quarter before.
Was Medinotec profitable in the third quarter fiscal 2026?
Operating profit was $553K (21.8% of revenue) and net earnings $403K.
Source: Medinotec 10-Q on SEC EDGAR.