Quarterly ResultMay 14, 2026, 06:07 AM
APPLIED ENERGETICS Q1 Revenue $0; Net Loss $(3.81M); Going Concern Warning
AI Summary
APPLIED ENERGETICS, INC. reported a net loss of $(3.81) million for Q1 2026, an increase from $(3.11) million in Q1 2025, with revenue dropping to $0 from $209,753 in the prior year. The company also reported negative cash flows from operations of $(2.30) million and issued a going concern warning due to these conditions and limited contract activity. Despite the financial challenges, the company expanded its leased laboratory/office space at the University of Arizona Tech Park to approximately 26,000 sq ft.
Key Highlights
- Issued going concern warning due to Q1 2026 net loss and negative operating cash flows.
- Q1 2026 revenue was $0, a significant decrease from $209,753 in Q1 2025.
- Net loss for Q1 2026 increased to $(3.81) million from $(3.11) million in Q1 2025.
- Basic and diluted net loss per share was $(0.02) in Q1 2026, up from $(0.01) in Q1 2025.
- Cash and cash equivalents decreased to $4.06 million from $6.44 million since Dec 31, 2025.
- Net cash used in operating activities rose to $(2.30) million from $(1.73) million YoY.
- Total operating expenses increased to $3.83 million in Q1 2026 from $3.25 million YoY.
- Expanded leased laboratory/office space to approximately 26,000 sq ft.