Quarterly ResultMay 15, 2026, 02:18 PM
Bion Environmental Q3 Net Loss $(423K); Going Concern Doubts
AI Summary
Bion Environmental Technologies Inc. reported a net loss of $(423,584) for the three months and $(1,360,034) for the nine months ended March 31, 2026. The company's financial statements were prepared under a going concern assumption, but significant doubts exist due to a lack of substantial revenue and the need for considerable external funding. Bion plans to raise $3 million to $10 million in debt and/or equity, and an additional $8 million for its initial Ammonia Recovery System (ARS) project, while shifting its focus to smaller 'bolt-on' opportunities.
Key Highlights
- Net loss for Q3 2026 was $(423,584) compared to $(511,156) in Q3 2025.
- Net loss for the nine months ended March 31, 2026, was $(1,360,034) versus $(2,057,145) in the prior year.
- Cash balance as of March 31, 2026, was $43,553, up from $4,441 at June 30, 2025.
- Total current liabilities were $6,663,860 against total assets of $71,078 as of March 31, 2026.
- Company needs to raise $3M-$10M in debt/equity and $8M for initial ARS project.
- Shifted focus to 'bolt-on' ammonia control solutions in industrial and livestock sectors.
- Substantial doubt about ability to continue as a going concern due to funding needs.
Price Impact