Latest Quarter
Q1 FY2026ended 2026-03-31 · filed 2026-05-07
$4.11M
$-3.26M
$-3.04M
-$18.08
$9.54M
$30.31M
$21.22M
$708K
What this quarter tells us
Q1 FY2026 revenue fell 31% YoY to $4.1M, while net loss improved 25% to -$3.3M due to cost cuts. Balance sheet shows $9.5M cash vs $708K debt, but 8 dilution events in 12 months signal ongoing capital needs. Recent warrant inducement offering in June 2026 adds further dilution risk.
- •Revenue dropped 31.1% YoY to $4.1M, continuing a shrinking trend from $6.0M in prior year.
- •Net loss narrowed 24.7% to -$3.3M (EPS -$18.08 vs -$838.43, the latter inflated by reverse split), but operating loss widened 18.2% to -$3.0M.
- •Cash of $9.5M and equity of $21.2M provide a cushion against $708K long-term debt, but 8 dilution events in 12 months and a June 2026 warrant inducement offering point to frequent capital raises.
- •Quarter ended March 31, 2026 is the latest XBRL filing; subsequent 8-Ks show continued financing activity.
Informational summary based on SEC XBRL figures · generated by AI agent. Not investment advice.

