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CirTran Corporation Achieves Record Profitability in Q1 2026

CirTran Corporation (OTC: CIRX), a versatile player in the consumer products sector, has marked a significant milestone in its financial journey. The company reported outstanding results for the first quarter ending March 31, 2026, showcasing a spectacular turnaround from previous financial challenges. CirTran has successfully transitioned from a net loss to achieving a net income of $2,220,701, translating to $0.45 per share. This is a commendable leap from a net loss of $155,436, or ($0.03) per share, during the same period last year.

The latest financial results reflect a remarkable growth in net sales, which soared to $1,161,353 for the first quarter of 2026. This corresponds to an impressive 152% increase compared to last year’s figure of $460,816. The surge in revenue has been primarily driven by heightened demand for the company’s innovative vapor product line, alongside an expansion in its retail distribution networks. As a result, the company saw its gross profit rise by 71.4% to $463,382, thus achieving a 39.9% gross margin—a strong indicator of operational efficiency.

In this pivotal quarter, CirTran succeeded in generating operating income of $36,122, a significant improvement from an operating loss of $43,273 incurred in the first quarter of 2025. The increase in operating income demonstrates the company's effective control over operational costs, as total operating expenses rose modestly by 36.3% to $427,260. This increase is impressively overshadowed by the company’s revenue growth rate.

The cost structure remained stable, with employee expenses barely increasing by 0.9% to $130,020. On the other hand, selling, general, and administrative expenses experienced a more pronounced rise of 61%, reaching $297,240—a strategic investment aimed at supporting escalating sales volumes.

Another positive aspect of the quarterly results is the narrowing of net losses from continuing operations, which dropped by 39.3% to $65,737 compared to the prior quarter’s losses of $108,272. Additionally, CirTran recorded income from discontinued operations amounting to $2,286,438, stemming from the cancellation of $2,324,279 in time-barred debt obligations. This decisive action contributed significantly to the net income reported for this quarter.

Iehab Hawatmeh, the Chairman and Chief Executive Officer of CirTran, expressed confidence in the company’s ongoing strategy. He remarked, "This was a defining quarter for CirTran. We turned the corner to operating profitability, our revenue more than doubled for the second consecutive comparable period, and we achieved meaningful net income. The extinguishment of legacy debt obligations further strengthened our financial position. We are building on strong momentum and remain focused on scaling our HUSTLER®-branded product lines to drive sustained, profitable growth."

CirTran Corporation celebrates its 32nd anniversary, having transitioned from its roots in electronics contract manufacturing to becoming a global producer and distributor targeting the adult lifestyle and entertainment market segment. Through strategic alliances and targeted market initiatives, it continues to diversify its product offerings while expanding its reach internationally. With an emphasis on innovation and market adaptability, the company is positioning itself for lasting success in high-demand consumer markets.

For additional information, stakeholders and interested parties can visit CirTran’s filings on the SEC website at www.sec.gov.