Baylin Technologies (BYL) Planet MicroCap Las Vegas 2026 summary

Turnaround and financial transformation

• Achieved a turnaround from CAD -15 million adjusted EBITDA and CAD 40 million in debt to positive CAD 6 million EBITDA and halved debt by 2025.

• Divested a business unit, focused on competitive differentiation, and drove growth through innovation and IP.

• Infrastructure business grew 40% in a low capital spend year, with gross margins rising from low 20s to over 60%.

• Raised CAD 10.3 million in fresh capital from new institutional investors, reducing insider concentration.

• New credit facility and deleveraging efforts have brought leverage ratio down to just above 3, targeting 2x.

Business segments and market positioning

• Operates in satellite communications, wireless infrastructure, and custom antennas, serving major clients like Axon, Google, AT&T, and Verizon.

• In-building wireless portfolio powers major venues and casinos globally, with exclusive small cell contracts in Manhattan.

• Patented multibeam technology has set new data records at major events, including Taylor Swift concerts and European festivals.

• Infrastructure business is expanding into Europe, leveraging strong relationships with carriers and government contracts.

• Custom antenna group consistently grows ~10% year-over-year with stable margins.

Kaelus acquisition and strategic impact

• Acquired Kaelus for CAD 42 million, combining cash and shares, nearly doubling revenue and EBITDA.

• Acquisition brings geographic and customer diversity, especially in Europe and Asia-Pacific.

• Kaelus adds patented cell tower antenna technology and strong Tier 1 OEM relationships with Nokia and Ericsson.

• Immediate impact seen with CAD 12.6 million in new purchase orders in May, boosting backlog.

• Cross-selling opportunities with existing clients and new markets, especially in North America.