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CitroTech Reports 130% Year-Over-Year Revenue Growth in Third Quarter 2026 Letter to Shareholders

CITR
  • CitroTech reported third quarter 2026 revenue of $664,000, representing a 130% year-over-year increase from $288,000 in Q3 2025.
  • The Certified Partner Network expanded by 50% to 31 trained operators as of September 30, 2026.
  • CitroTech-31 was named to TIME's Best Inventions of 2026 list.
  • The company closed a $5.6 million public offering in October 2026, with Independent Chairman Craig Huff purchasing 200,000 shares for $500,000.
  • The HexiTech joint venture successfully passed burn testing across multiple wood species beyond the initial Douglas Fir.
  • Strategic partnerships were established with Matrix Wildfire to combine industrial hardware with fire inhibitors, and with Athena Intelligence to integrate geospatial risk modeling.
  • A "Big Burn Showcase" in Los Angeles County validated the efficacy of CitroTech among six fire agencies and over 30 fire chiefs.
  • Field deployments demonstrated the product's ability to protect railroad bridges from ignition by homeless encampments while leaving treated structures untouched.
  • Utility applications involved spraying a 50-foot radius around transmission poles, receiving strong satisfaction from the utility partner.
  • Discussions are ongoing with major U.S. insurance carriers regarding the adoption of non-toxic treatments as an alternative to heavy-metal-based retardants.
  • The company filed its Form 10-Q for the quarter ended September 30, 2026, with the SEC on November 10, 2026.
  • A conference call regarding Q3 results is scheduled for Wednesday, November 11, 2026, at 9 AM ET.