Tantalus Systems Holding Past Earnings Performance
Past criteria checks 0/6
Tantalus Systems Holding has been growing earnings at an average annual rate of 30.4%, while the Electronic industry saw earnings growing at 3.8% annually. Revenues have been growing at an average rate of 10.5% per year.
Key information
30.39%
Earnings growth rate
34.41%
EPS growth rate
| Electronic Industry Growth | 18.24% |
| Revenue growth rate | 10.46% |
| Return on equity | -3.25% |
| Net Margin | -1.30% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 15
GRID: Future Upside Will Be Supported By Steady Long-Term Cash Flow Assumptions
Analysts have maintained their CA$ fair value estimate for Tantalus Systems Holding while slightly adjusting key inputs such as the discount rate and assumed future P/E. This results in a modestly updated price target and reflects fine-tuning of their long-term outlook rather than a major shift in view.Narrative Update • Jun 01
GRID: Future Upside Will Be Anchored By New Outperform Coverage
Analysts have adjusted their fair value estimate for Tantalus Systems Holding to CA$7.47 from CA$7.06, tying the updated CA$7 price target to revised assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations following recent research coverage. What's in the News Tantalus Systems extended its license agreement with Itron, Inc.Narrative Update • Apr 24
GRID: Future Upside Will Be Anchored By New Outperform Coverage
Narrative Update on Tantalus Systems Holding The analyst price target for Tantalus Systems Holding is now set at CA$7.00, with analysts pointing to the recent initiation of coverage at CA$7.00 and an Outperform rating as key support for this updated view. Analyst Commentary Bullish analysts see the CA$7.00 price target as supported by the recent initiation at this same level.Narrative Update • Apr 10
GRID: Future Upside Will Be Led By New Coverage And Grid Modernization
Analysts have inched their average price target for Tantalus Systems higher to CA$7.06 from CA$6.97, citing fresh coverage with an Outperform rating and a CA$7.00 target, along with ongoing refinement of fair value and P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts point to the fresh Outperform rating as a signal of confidence that Tantalus Systems can execute on its business plan well enough to support the current CA$7.06 average price target.Narrative Update • Mar 26
GRID: Future Upside Will Be Driven By New Coverage And Grid Modernization
Analysts recently nudged their average price target on Tantalus Systems higher to around CA$7, citing fresh coverage and target increases that reflect updated assumptions for fair value, discount rate, growth, margins, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts see the CA$7 price target as aligned with their updated view of fair value, suggesting they are comfortable with the company’s current execution and assumptions for future margins and P/E.Narrative Update • Mar 12
GRID: Future Upside Will Be Driven By Lower Risk And Grid Modernization
Narrative Update on Tantalus Systems Holding Analysts have lifted their price target on Tantalus Systems Holding by CA$1, citing updated assumptions for the discount rate and future P/E. These changes support a slightly higher valuation outlook.Narrative Update • Feb 26
GRID: Future Upside Will Be Driven By Improved Risk Profile And Grid Modernization
Analysts lifted their price target on Tantalus Systems Holding by CA$1, citing updated assumptions for fair value and discount rate, along with a slightly lower future P/E outlook. Analyst Commentary Bullish Takeaways Bullish analysts see the CA$1 price target lift as a reflection of updated fair value work that better aligns the stock with their current assumptions.Narrative Update • Feb 11
GRID: Future Upside Will Be Driven By Higher Confidence In Grid Modernization Execution
Analysts have lifted their price target on Tantalus Systems Holdings by C$1, reflecting updated fair value estimates, a revised discount rate, modest adjustments to revenue growth and profit margin assumptions, and a higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts view the C$1 price target lift as a sign that their fair value framework has shifted higher, supported by refreshed assumptions around revenue growth and profit margins.
New Narrative • Feb 03
Grid Modernization Demand Will Support Recurring Revenue While Hardware Margins Remain Constrained
Catalysts About Tantalus Systems Holding Tantalus Systems Holding provides connected devices, software applications and services that help electric utilities modernize and manage their distribution grids. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 25
GRID: Future Upside Will Be Driven By Proactive Grid Modernization Execution
Analysts lifted their price target on Tantalus Systems Holding by C$1, citing updated assumptions around fair value, revenue growth, profit margin, and a lower future P/E as key drivers behind the change. Analyst Commentary Bullish Takeaways Bullish analysts view the C$1 price target lift as a sign that updated fair value work supports a higher implied equity value, even with more conservative P/E assumptions baked into their models.Narrative Update • Jan 10
GRID: Future Upside Will Be Driven By Rerated Earnings Framework
Analysts have lifted their price target on Tantalus Systems Holding to C$5.00 from C$4.25, pointing to updated assumptions on discount rates and forward P/E that support a modestly higher valuation framework. Analyst Commentary Recent research points to a valuation reset for Tantalus Systems Holding, with the price target moving to C$5.00 from C$4.25 after updates to discount rate assumptions and forward P/E inputs.Narrative Update • Dec 25
GRID: Future Upside Will Be Driven By Expanding Utility Customer Base
Analysts have modestly increased their price target for Tantalus Systems Holding, lifting fair value from approximately C$5.42 to C$5.54. They reaffirm a positive outlook that is reflected in recent target hikes and sustained growth expectations.Analysis Article • Dec 12
Tantalus Systems Holding Inc.'s (TSE:GRID) 31% Price Boost Is Out Of Tune With Revenues
Despite an already strong run, Tantalus Systems Holding Inc. ( TSE:GRID ) shares have been powering on, with a gain of...Narrative Update • Dec 11
GRID: Future Upside Will Likely Be Driven By Margin Expansion
Analysts have raised their price target on Tantalus Systems Holding to C$5.00 from C$4.25, reflecting increased confidence in the company's growth outlook and earnings potential. Analyst Commentary Analysts describe the higher price target as a reflection of growing conviction in Tantalus Systems Holding's ability to execute on its strategic roadmap and translate its pipeline into sustainable revenue growth.Narrative Update • Nov 27
GRID: Future Expansion Will Likely Be Driven By Margin Improvement And Core Demand
The analyst price target for Tantalus Systems Holding has been raised from C$4.25 to C$5.00. Analysts cite improved fair value estimates, rising revenue growth expectations, and stronger profit margins as factors for the increase.Narrative Update • Nov 12
GRID: Future Expansion Will Likely Be Driven By Strong Core Market Demand
Narrative Update on Tantalus Systems Holding Analysts have raised their price target for Tantalus Systems Holding from C$4.25 to C$5.00, citing increased confidence in the company's outlook and potential for future growth. Analyst Commentary Bullish Takeaways Bullish analysts highlight the decision to raise the price target as a reflection of strengthened confidence in Tantalus Systems Holding's growth trajectory.Narrative Update • Oct 28
Growth Prospects Will Strengthen With Market Confidence And Execution Momentum
Analysts have raised their price target for Tantalus Systems Holding from C$4.25 to C$5.00, citing updated valuation models and continued confidence in the company’s growth prospects. Analyst Commentary Bullish Takeaways Bullish analysts highlight the company's robust execution on its growth strategy as a primary driver for the revised price target.Analysis Article • Sep 27
Tantalus Systems Holding Inc. (TSE:GRID) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Tantalus Systems Holding Inc. ( TSE:GRID ) shareholders would be excited to see that the share price has had a great...Analysis Article • Sep 05
The Return Trends At Tantalus Systems Holding (TSE:GRID) Look Promising
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Jun 26
Is Tantalus Systems Holding (TSE:GRID) Using Debt In A Risky Way?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Jun 26
Market Participants Recognise Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues Pushing Shares 27% Higher
Tantalus Systems Holding Inc. ( TSE:GRID ) shares have continued their recent momentum with a 27% gain in the last...New Narrative • May 17
Grid Modernization And Electrification Will Create New Utility Opportunities
Strong revenue growth and increased orders indicate rising demand and promising future revenue for Tantalus' grid modernization platform.Analysis Article • Mar 23
Is Tantalus Systems Holding (TSE:GRID) Using Debt Sensibly?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jan 23
Here's Why Tantalus Systems Holding (TSE:GRID) Can Afford Some Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Dec 17
Investors Aren't Entirely Convinced By Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues
You may think that with a price-to-sales (or "P/S") ratio of 1.7x Tantalus Systems Holding Inc. ( TSE:GRID ) is a stock...Analysis Article • Aug 16
Tantalus Systems Holding Inc. (TSE:GRID) Might Not Be As Mispriced As It Looks
Tantalus Systems Holding Inc.'s ( TSE:GRID ) price-to-sales (or "P/S") ratio of 1.2x might make it look like a strong...Analysis Article • Apr 19
Investors Still Aren't Entirely Convinced By Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues Despite 26% Price Jump
Despite an already strong run, Tantalus Systems Holding Inc. ( TSE:GRID ) shares have been powering on, with a gain of...Analysis Article • Mar 29
Does Tantalus Systems Holding (TSE:GRID) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Mar 01
Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues Are Not Doing Enough For Some Investors
You may think that with a price-to-sales (or "P/S") ratio of 0.8x Tantalus Systems Holding Inc. ( TSE:GRID ) is a stock...Analysis Article • Oct 17
Sentiment Still Eluding Tantalus Systems Holding Inc. (TSE:GRID)
Tantalus Systems Holding Inc.'s ( TSE:GRID ) price-to-sales (or "P/S") ratio of 0.5x might make it look like a strong...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Tantalus Systems Holding makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 57 | -1 | 21 | 8 |
| 31 Dec 25 | 54 | -1 | 21 | 7 |
| 30 Sep 25 | 52 | -1 | 19 | 6 |
| 30 Jun 25 | 49 | -2 | 19 | 6 |
| 31 Mar 25 | 47 | -2 | 18 | 6 |
| 31 Dec 24 | 44 | -3 | 17 | 7 |
| 30 Sep 24 | 42 | -1 | 15 | 8 |
| 30 Jun 24 | 41 | -2 | 14 | 8 |
| 31 Mar 24 | 41 | -2 | 14 | 8 |
| 31 Dec 23 | 42 | -2 | 14 | 8 |
| 30 Sep 23 | 44 | -3 | 16 | 8 |
| 30 Jun 23 | 43 | -4 | 16 | 7 |
| 31 Mar 23 | 41 | -5 | 16 | 7 |
| 31 Dec 22 | 40 | -5 | 15 | 8 |
| 30 Sep 22 | 35 | -8 | 17 | 7 |
| 30 Jun 22 | 35 | -8 | 16 | 7 |
| 31 Mar 22 | 33 | -6 | 14 | 6 |
| 31 Dec 21 | 32 | -7 | 14 | 5 |
| 30 Sep 21 | 34 | -6 | 11 | 5 |
| 30 Jun 21 | 34 | -3 | 10 | 5 |
| 31 Mar 21 | 34 | -1 | 10 | 4 |
| 31 Dec 20 | 33 | 1 | 10 | 4 |
| 30 Sep 20 | 34 | 3 | 9 | 4 |
| 31 Dec 19 | 42 | -1 | 11 | 5 |
| 31 Dec 18 | 40 | -1 | 12 | 5 |
| 31 Dec 17 | 32 | -17 | 10 | 4 |
Quality Earnings: GRID is currently unprofitable.
Growing Profit Margin: GRID is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRID is unprofitable, but has reduced losses over the past 5 years at a rate of 30.4% per year.
Accelerating Growth: Unable to compare GRID's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GRID is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (12.5%).
Return on Equity
High ROE: GRID has a negative Return on Equity (-3.25%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 22:07 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tantalus Systems Holding Inc. is covered by 9 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Boychuk | ATB Cormark |
| Gabriel Leung | Beacon Securities Limited |
| Yuri Lynk | Canaccord Genuity |