Quarterly ResultJul 15, 2026, 04:52 PM
CDT Equity Q1 Net Loss $(4.06)M; Total Assets $127.1M
AI Summary
CDT Equity Inc. reported a net loss of $(4.06) million for the first quarter of 2026, an improvement from the $(4.75) million loss in the prior year's quarter. Basic and diluted net loss per share was $(5.56). The company's total assets surged to $127.09 million and stockholders' equity turned positive to $105.45 million, primarily driven by the acquisition of a 20% equity interest in Sarborg for $123 million. However, cash and cash equivalents declined to $0.1 million, and the company issued a going concern warning due to significant accumulated losses and insufficient liquidity, despite having access to an Equity Line of Credit.
Key Highlights
- Net loss for Q1 2026 was $(4.06) million, an improvement from $(4.75) million in Q1 2025.
- Basic and diluted net loss per share was $(5.56) for Q1 2026, compared to $(3,670.27) in Q1 2025.
- Total assets increased significantly to $127.09 million as of March 31, 2026, from $5.65 million at December 31, 2025.
- Total stockholders' equity (deficit) improved to $105.45 million at March 31, 2026, from $(7.17) million at December 31, 2025.
- Cash and cash equivalents decreased to $0.1 million at March 31, 2026, from $1.51 million at December 31, 2025.
- The company acquired a 20.0% equity interest in Sarborg for $123 million, accounted for using the equity method.
- Cash used in operating activities was $(1.89) million for Q1 2026, down from $(3.93) million in Q1 2025.
- The company has an accumulated deficit of $72.4 million as of March 31, 2026, and raised substantial doubt about its ability to continue as a going concern.
Price Impact
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