Quarterly ResultMay 14, 2026, 05:22 PM
Alpha Modus Q1 Net Loss $(4.02M); Going Concern Doubt
AI Summary
Alpha Modus Holdings, Inc. reported a net loss of $4.02 million for the three months ended March 31, 2026, a significant increase from $0.31 million in the prior year. The company's cash balance decreased to $35,508, and it faces a working capital deficit of $5.54 million. Management expressed substantial doubt about the company's ability to continue as a going concern due to recurring losses and lack of revenue. Professional fees surged to $2.81 million, contributing to the increased operating expenses.
Key Highlights
- Net loss for Q1 2026 was $(4,020,831), compared to $(308,081) in Q1 2025.
- Cash balance as of March 31, 2026, was $35,508, down from $68,000 at December 31, 2025.
- Working capital deficit was $5,541,592 as of March 31, 2026.
- Operating expenses increased to $3,807,146 in Q1 2026 from $1,359,201 in Q1 2025.
- Professional fees rose to $2,810,141 in Q1 2026 from $292,131 in Q1 2025.
- Received $325,000 in patent infringement income during Q1 2026.
- Proceeds from at-the-market offering were $1,855,101 in Q1 2026.
- Total liabilities decreased to $8,052,186 from $8,595,481.