ChronoScale Holdings Corporation (NASDAQ: CHRN) reported financial results for its fiscal first quarter ended August 31, 2026. The company reported revenue of $41.5 million for the quarter, representing a 148% increase compared to $16.7 million in the prior-year comparable period. The revenue growth was attributed to a new customer, with revenue recognized from the sale of AI infrastructure hardware and related support and maintenance services under resale arrangements.
For the fiscal first quarter of 2027, the company reported a net loss from continuing operations of $26.4 million, or $0.18 per basic and diluted share. This compares to a net loss from continuing operations of $11.2 million, or $0.08 per share, in the prior year. The company reported an Adjusted EBITDA of $5.9 million for the quarter. As of August 31, 2026, the company held $15.2 million in cash and cash equivalents.
In terms of operational developments, ChronoScale secured a 50 MW AI compute deployment with Microsoft in North America. This deployment is expected to integrate NVIDIA GB300 NVL72 systems with liquid cooling and high-performance networking. The company also entered a strategic partnership with Nutanix to deliver enterprise-ready AI infrastructure and a three-year strategic partnership with Baseten Labs, Inc. to support the planned deployment of approximately 4 MW of AI compute capacity, with completion expected in calendar Q1 2027.
Subsequent to the quarter end, ChronoScale completed the sale of its Legacy Ekso Business on September 30, 2026. The company also announced a contract extension with an existing AI customer and a new customer agreement. Management stated that these agreements, combined with current deployment schedules, put the company on track for a $1 billion annualized run-rate revenue by calendar Q3 2027.
