Toppoint (TOPP) investor relations material

Executive summary

• Revenue increased 8% year-over-year to $4.1 million for Q1 2026, driven by expansion into new markets and strong growth in import and metal verticals.

• Net loss widened to $653,732, or $(0.03) per diluted share, primarily due to increased costs of revenue.

• Gross profit margin declined to -4% from 3% in the prior year, reflecting higher operating costs.

• The company expanded operations to Houston, Texas, and continued growth in Florida, Maryland, and Latin America.

• Number of Loads Completed (NLC) decreased 2.8% year-over-year, but import and metal verticals showed strong growth.

Financial highlights

• Revenue: $4,106,943 (up 8% year-over-year).

• Net loss: $653,732 (up 24% year-over-year).

• Gross profit: $(167,113), down from $110,131 in Q1 2025.

• Cash at period end: $836,167; total assets: $10.3 million.

• Working capital: $3,489,813 as of March 31, 2026.

Outlook and guidance

• Management expects continued revenue growth from new partnerships and market expansion, especially in import and metal segments.

• Service prices are being raised in response to market conditions.

• Ongoing investment in AI-powered logistics software to enhance operational efficiency.

• Approximately $2 million in outstanding loan receivables are expected to be collected in 2026 to support operations.

• The company may seek additional financing to support growth if internal resources are insufficient.