EDMONTON, AB, June 1, 2026 /CNW/ - Dr. Phone Fix Canada Corporation (TSXV: DPF) ("Dr. Phone Fix" or the "Company"), one of Canada's fastest-growing and award-winning consumer electronics repair and resale platforms, today reported financial results for the three months ended March 31, 2026, and provided an update on recent corporate developments. The Company operates a network of 44 corporately owned stores across five Canadian provinces.
“Q1 marked another strong quarter of execution as we continued to deliver on our growth strategy, with revenue increasing 44% year over year and comparable-store sales rising 29%, despite what is traditionally our slowest seasonal period,” said Piyush Sawhney, Founder and Chief Executive Officer of Dr. Phone Fix. “We achieved positive Adjusted EBITDA, generated positive operating cash flow, and further strengthened operational performance across our national footprint while successfully integrating acquired locations and expanding our OEM partnerships, insurance programs, supplier relationships, repair services, and certified pre-owned device offerings.”
Mr. Sawhney added, “Over the past year, we have laid the groundwork for a scalable, carrier-neutral device lifecycle platform with a national presence. With 44 corporate-owned stores across five provinces, an expanding pipeline of acquisition and greenfield opportunities, and a focus on diversified revenue streams, we are well positioned for disciplined growth. Over the next 12 to 15 months, our priorities remain enhancing store productivity, integrating acquisitions into our centralized operating platform, and driving sustainable long-term value for shareholders through continued expansion and operational excellence.”
Q1 2026 Financial Highlights
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Revenue increased 44% to $3.16 million, compared to $2.20 million in Q1 2025. Comparable-store sales grew 29%, contributing approximately $0.7 million in incremental revenue, while stores acquired or opened after Q1 2025 contributed an additional $0.3 million.
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Gross profit rose 34% to $1.62 million, up from $1.21 million in the prior-year period. Gross margin was 51.3%, compared to 55.1% in Q1 2025, primarily reflecting a higher proportion of certified pre-owned device sales, which generally carry lower percentage margins than repair services.
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Operating expenses, excluding share-based compensation, increased by approximately $0.4 million year over year, largely due to the expanded store network, including higher depreciation and other operating costs associated with additional locations and increased business activity.
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Adjusted EBITDA improved to $0.09 million, compared to $(0.01) million in Q1 2025, driven by stronger gross profit and ongoing progress toward achieving greater operating leverage.
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Cash generated from operating activities totaled $0.33 million, compared to cash used of $0.12 million in Q1 2025. Operating cash flow before changes in non-cash working capital improved to $0.06 million, versus $(0.04) million in the prior-year period.
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Net loss improved to $1.17 million, compared to $2.41 million in Q1 2025. The improvement was primarily due to the absence of listing and transaction-related expenses incurred during the Company’s public listing in the prior year, partially offset by increased operating costs associated with a larger store base and non-cash share-based compensation expenses.
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