Key Points – Record backlog: Baylin Technologies’ backlog reached CAD 61 million in Q2 2026, up from CAD 20.4 million at year-end 2025, driven by the Kaelus acquisition and new Satcom orders. – Kaelus expands growth opportunities: The CAD 42 million acquisition added RF…
frastructure, defense communications and anti-jamming products, generated CAD 12.6 million in first-month orders and is expected to outperform its second-half budget. – Profitability remains mixed: Revenue declined slightly to CAD 22 million and adjusted EBITDA fell to CAD 3 million, while the company posted a CAD 3.2 million net loss due largely to acquisition costs and foreign-exchange losses. Baylin’s focus is now on converting backlog into revenue, integrating Kaelus and improving margins
Baylin Technologies (TSE:BYL) reported a record backlog of CAD 61 million for the second quarter of 2026 as the company completed its acquisition of Sweden-based RF technology provider Kaelus, restructured its debt and converted certain securities into common shares. The backlog, the highest in Baylin’s more than 40-year history, rose from CAD 20.4 million at the end of 2025. Chief Executive Officer Leighton Carroll said the increase reflects contributions from Kaelus as well as new orders in the company’s Satcom division.
Second-quarter revenue was CAD 22 million, down 1.9% from CAD 22.5 million a year earlier. Gross margin improved to 47.1% from 46.3%, while adjusted EBITDA was CAD 3 million, compared with CAD 3.4 million in the prior-year period. Baylin recorded its 10th consecutive quarter of positive adjusted EBITDA.