Quarterly ResultMay 15, 2026, 04:10 PM
CALLAN JMB Q1 Net Loss Widens 159% to $(3.22)M; Revenue Down 24%
AI Summary
CALLAN JMB Inc. reported a significant widening of its net loss to $(3.22) million for Q1 2026, a 159% increase from the prior year, while revenue decreased by 23.7% to $1.11 million. The company also disclosed a going concern warning due to accumulated deficits and continued net losses. To address liquidity, CALLAN JMB has utilized its Equity Line of Credit (ELOC) facility, raising $1.55 million with $23.45 million remaining available, and extended its maturity to April 2027.
Key Highlights
- Net loss widened by 159% to $(3.22) million for Q1 2026 from $(1.24) million in Q1 2025.
- Revenue decreased by 23.7% to $1.11 million in Q1 2026 from $1.45 million in Q1 2025.
- Gross profit declined by 30.6% to $0.43 million in Q1 2026 from $0.62 million in Q1 2025.
- Company issued a going concern warning due to an accumulated deficit of $(13.48) million.
- Raised $1.55 million through the ELOC Facility, with $23.45 million remaining available.
- ELOC Facility maturity extended to April 1, 2027.
- Cash and cash equivalents decreased by 33.6% to $1.42 million as of March 31, 2026.
- Total liabilities increased by 19.2% to $4.11 million as of March 31, 2026.
Price Impact
More from CJMB