Introduction
On Thursday, we published the first updated report under our new format. If you missed it, you can read the write-up below:
Hydreight Technologies Inc. (TSXV:NURS)
Q3 2025 earnings preview of Hydreight Technologies Inc. (NURS.V): Hold rating, raising price target to C$9.50.
An initiation is expected this week on a profitable company, with a strong net cash position sufficient to fund operations or acquisitions, and record performance anticipated in FY25 and FY26.
Last Week’s Most Actionable Press Releases
AmeraMex International, Inc. (AMMX) | Trading Companies and Distributors | $0.10 | $1.5M
Purchase Order: Received equipment orders totaling ~$1.5M, including new and expertly refurbished machinery powered by battery-electric and diesel platforms. The company noted a strong Q3 rebound, expected to continue through year-end, with orders primarily serving sawmills, agriculture, forestry conservation, manufacturing, and logistics customers outside port areas. Two days later, the company secured additional equipment orders of ~$622,000, again including new and refurbished battery-electric and diesel machinery, with strong demand for its forklift lineup last week.
Ampco-Pittsburgh Corporation (AP) | Steel | $2.26 | $45.9M
Divestiture: Announced that its wholly owned subsidiary, Union Electric Steel Corporation, has exited its U.K. cast roll operations. This move eliminates operating losses starting in 4Q25, earlier than the previously expected spring 2026 timeline, while avoiding significant cash plant closure costs under the prior wind-down operational plan. The company now expects a ~$7-8M increase in annualized adj. EBITDA, while avoiding large cash closure outflows and significantly reducing risks. The exit ends multi-year losses and removes excess capacity from both the company’s portfolio and the market. As a result, capacity utilization at its Sweden cast roll facility will rise significantly. The company will fully deconsolidate UES-UK from its 4Q25 financial statements, recognizing a one-time non-cash charge of ~$43-45M.
C-Com Satellite Systems Inc. (CMI.V) | Communications Equipment | $1.00 | $42.3M
Earnings Results: Announced 3Q25 financial results (FYE Nov), reporting revenue of $1.9M, up 46% yoy, primarily driven by strong demand from defense and oil & gas sectors. Sales to UAE and other Middle Eastern customers accounted for ~$0.9M, or 50% of quarterly revenue. Operating expenses fell $148,000, while net income (after tax) turned positive at $155,226. The company’s new Ka-band Electronically Steered Array (ESA) antennas are expected to support next-generation land, airborne, and maritime communication systems, as well as drone guidance and mobile defense applications. Alongside continued investment in ESA and Beamformer IC (BFIC) technologies, these advancements are expected to expand the company’s addressable markets and enhance long-term shareholder value.