Quarterly ResultMay 13, 2026, 01:46 PM
Cardiff Lexington Q1 Net Loss $(3.09M); Revenue $2.22M
AI Summary
Cardiff Lexington Corp. reported a net loss of $(3.09) million for the first quarter of 2026, a significant increase from the $(0.45) million loss in Q1 2025, while revenue decreased to $2.22 million. The company also saw its loss per share worsen to $(0.23). A 1-for-3 reverse stock split was implemented on January 12, 2026, and the company transitioned from a stockholders' deficit to equity during the quarter.
Key Highlights
- Net loss for Q1 2026 was $(3,092,074), compared to $(450,777) in Q1 2025.
- Revenue for Q1 2026 decreased to $2,222,280 from $2,915,567 in Q1 2025.
- Basic and diluted loss per share was $(0.23) in Q1 2026, up from $(0.14) in Q1 2025.
- Total assets increased to $30,290,708 as of March 31, 2026, from $29,086,945 at Dec 31, 2025.
- Stockholders' equity shifted to $3,876,456 as of March 31, 2026, from a deficit of $(2,469,661) at Dec 31, 2025.
- Cash at the end of Q1 2026 was $683,507, up from $318,535 at the beginning of the period.
- A 1-for-3 reverse stock split was effective on January 12, 2026.
- Accumulated deficit increased to $(82,855,513) as of March 31, 2026.