Quarterly ResultMay 15, 2026, 04:53 PM
Brand Engagement Network Q1 Net Loss $(3.06M); Revenue $104K
AI Summary
Brand Engagement Network Inc. reported a net loss of $(3.06) million for the first quarter of 2026, an improvement from a $(3.61) million loss in the prior year. Revenue saw a substantial increase to $104,311 from $10,000 year-over-year. Despite these positive financial trends, the company continues to face a going concern risk due to an accumulated deficit of $58.7 million and ongoing negative cash flows from operations, indicating a need for additional capital.
Key Highlights
- Net loss for Q1 2026 was $(3,060,977), an improvement from $(3,610,230) in Q1 2025.
- Revenue for Q1 2026 increased significantly to $104,311 from $10,000 in Q1 2025.
- Basic and diluted net loss per common share improved to $(0.51) from $(0.90) year-over-year.
- Cash and cash equivalents rose to $1,801,011 as of March 31, 2026, from $172,124.
- Total current liabilities decreased to $8,312,008 from $10,811,146 as of December 31, 2025.
- Accumulated deficit reached $58,703,561 as of March 31, 2026.
- Net cash used in operating activities was $(3,724,697) for the three months ended March 31, 2026.
- The company issued a going concern warning due to liquidity issues and negative cash flows.
Price Impact
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