Welcome back to Adsil’s Investor News, the password protected website section created specifically for shareholders to stay up to date with company progress and milestones. The 2026 Adsil Shareholders Meeting was held on 2/14/2026 to discuss company updates and financial performance.
Glenn Bordfeld, President, reported that fiscal year 2025 sales were down 3% at $1.286 million with a net loss of $30,000, though first quarter 2026 showed a 14% sales increase and 11% net profit. The company faced challenges with two regional sales managers who under performed and were terminated, though they are now hiring independent sales agents and pursuing new partnerships, including one in Ireland and a private label agreement expected to generate sales within two months.
ADSIL, INC.
2026 SHAREHOLDER MEETING
Financial Statement
Profit & Loss
2025 versus 2024
| SALES | 2025 | 2024 | CHANGE | %CHANGE |
| TOTAL SALES: | $1,285,806 | $1,323,323 | -$37,157 | -2.84% |
| COST OF GOOD SOLD: | $394,332 | $387,796 | $6,536 | 1.69% |
| GROSS PROFIT: | $891,473 | $935,527 | -$44,053 | -4.71% |
| EXPENSES: | $933,082 | $876,289 | $56,794 | 6.84% |
| NET OPERATING INC/(LOSS) | ($41,609) | $59,238 | $100,847 | -170% |
| NET OTHER INC/(EXP) | $10,629 | $11,953 | -$1,324 | -11.07% |
| NET INC/(LOSS) | ($30,980) | $71,190 | -$102,170 | -143% |