Quarterly ResultMay 18, 2026, 04:54 PM
Amesite Raises $2.6M; Q3 Revenue Up 172% YoY, Net Loss Improves
AI Summary
Amesite Inc. completed a registered direct offering and private placement on April 28, 2026, raising approximately $2.6 million in gross proceeds, which is intended for working capital and general corporate purposes. This financing is critical given management's expressed substantial doubt about the company's ability to continue as a going concern. For the nine months ended March 31, 2026, the company reported a significant increase in net revenue to $285,678, up from $54,700 in the prior year, and an improved net loss of $(2,052,875) compared to $(2,693,100).
Key Highlights
- Amesite raised approximately $2.6 million in gross proceeds from a registered direct offering and private placement.
- Net revenue for the nine months ended March 31, 2026, increased to $285,678, up 421% from $54,700 year-over-year.
- Net loss for the nine months ended March 31, 2026, improved to $(2,052,875) from $(2,693,100) year-over-year.
- Basic and diluted loss per share for the nine months improved to $(0.45) from $(0.85) year-over-year.
- Cash and cash equivalents decreased to $640,711 at March 31, 2026, from $2,333,418 at June 30, 2025.
- Management expressed substantial doubt about the company's ability to continue as a going concern.
- B2B revenue for the nine months ended March 31, 2026, grew to $222,026 from $46,266.
Price Impact
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