Quarterly ResultMay 15, 2026, 05:22 PM
Amaze Holdings Q1 Net Loss Widens to $5.6M; Going Concern Doubt
AI Summary
Amaze Holdings, Inc. reported a net loss of $5.61 million for Q1 2026, widening from $2.09 million in Q1 2025, despite net revenues increasing significantly to $469,053 from $60,214. The company also reported a working capital deficit of $22.2 million and a cash balance of $849,856 as of March 31, 2026. Management expressed substantial doubt about the company's ability to continue as a going concern, citing a need for additional financing to sustain operations.
Key Highlights
- Net loss widened to $5.61 million in Q1 2026 from $2.09 million in Q1 2025.
- Net revenues increased to $469,053 in Q1 2026 from $60,214 in Q1 2025.
- Gross income improved to $433,395 in Q1 2026 from a $(2,576) loss in Q1 2025.
- Cash balance decreased to $849,856 as of March 31, 2026.
- Working capital deficit was approximately $22.2 million as of March 31, 2026.
- Cash used in operating activities increased to $3.12 million in Q1 2026.
- Management expressed substantial doubt about the company's ability to continue as a going concern.
- E-commerce revenue comprised 70.5% of total revenue in Q1 2026.
Price Impact
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