Quarterly ResultMay 12, 2026, 09:07 AM
Aureus Greenway Q1 Net Loss $(1.26)M; Revenue +10.6%; Invests $20M
AI Summary
Aureus Greenway Holdings Inc. reported a net loss of $(1.26) million for the first quarter of 2026, a significant decline from a net income of $0.27 million in the same period last year, despite a 10.6% increase in total revenue to $1.47 million. The company's operating costs surged to $2.93 million, leading to a loss from operations. During the quarter, Aureus Greenway also made a substantial investment of $20.0 million in a convertible note and raised $8.07 million through a private placement of common stocks and pre-funded warrants.
Key Highlights
- Reported a net loss of $(1.26) million for Q1 2026, compared to a net income of $0.27 million in Q1 2025.
- Total revenue increased by 10.6% to $1.47 million in Q1 2026 from $1.33 million in Q1 2025.
- Basic loss per common stock was $(0.03) in Q1 2026, down from basic earnings of $0.02 in Q1 2025.
- Operating costs significantly increased to $2.93 million in Q1 2026 from $0.98 million in Q1 2025.
- Invested $20.0 million in a convertible note during Q1 2026.
- Cash and cash equivalents decreased to $17.52 million as of March 31, 2026, from $28.67 million at December 31, 2025.
- Raised $8.07 million from the issue of common stocks and pre-funded warrants in a private placement.
- Total assets increased to $43.11 million as of March 31, 2026, from $34.75 million at December 31, 2025.