ZRCN Inc

zrcn.com

What Do They Do?

Sells electronic scanning and detection tools, including stud finders and wall scanners, to do-it-yourself enthusiasts and professional tool users.

How Do They Make Money?

Tool retailers buy the company's electronic tools, and most sales are counted when the goods ship.

FY2026 revenue by product or service revenue

Segment	Share	How money arrives
Stud Sensor Edge Sold outright	63% FY2023: 58%	Sold outright
Multifunctional Scanners Sold outright	13% FY2023: 15%	Sold outright
Stud Sensor Center Sold outright	18% FY2023: 16%	Sold outright
Target Control Products Sold outright	2.2% FY2023: 5.8%	Sold outright
Other Sold outright	4.4% FY2023: 4.7%	Sold outright

Who Are Their Customers?

Tool retailers are the company's primary buyers, reselling its products through retail outlets around the world.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2024: 72% from one customer

Do Revenues Turn Into Profits?

Not on paper. It lost $7M in FY2026, but brought in more cash than it spent: $1.2M of free cash flow.

Operating income, FY2026

−22% of revenue

▲ +139% (Loss) vs FY2025 (−$2.5M, −9%)

Net income, FY2026

−26% of revenue

▲ +142% (Loss) vs FY2025 (−$2.9M, −10%)

Free cash flow, FY2026

4% of revenue

▼ −13% vs FY2025 ($1.4M, 5%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q1 FY2027, the three months to Jun 30, 2026

Revenue: ▼ −5%; vs $6.1M in Q1 FY2026

Stud Sensor Edge share of revenue vs 64.9% in Q1 FY2026

Shrinking. Revenue fell 12% in 3 years, from $30.5M in FY2023 to $26.9M in FY2026, about 4% a year.

Products and sales route The older report described battery systems for personal and residential emergency power, sold directly to consumers; the latest describes scanning tools sold mainly to tool retailers for do-it-yourself users and professional tool users.

Revenue over time

Stud Sensor Edge Multifunctional Scanners Stud Sensor Center Target Control Products Other

$50M$25M$0

FY2023 FY2024 FY2025 FY2026

Who Do They Compete With?

Competes with Stanley, Black & Decker, Franklin, DeWalt, Ryobi, and Klein

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