Quarterly ResultAug 12, 2026, 05:33 PM
CDT Equity Q2 Net Loss $4.64M; Going Concern Warning
AI Summary
CDT Equity Inc. reported a net loss of $4.64 million for the three months ended June 30, 2026, and $8.70 million for the six months ended June 30, 2026. The company issued a going concern warning, citing an accumulated deficit of $77.03 million and insufficient cash to fund its current business plan. Despite this, CDT Equity acquired a 20% equity interest in Sarborg for $123 million, significantly increasing total assets to $126.71 million.
Key Highlights
- Net loss for the three months ended June 30, 2026, was $4.64 million.
- Net loss for the six months ended June 30, 2026, was $8.70 million.
- Cash and cash equivalents totaled $0.75 million as of June 30, 2026.
- Accumulated deficit reached $77.03 million as of June 30, 2026.
- Company issued a going concern warning due to insufficient liquidity.
- Acquired a 20% equity interest in Sarborg for $123 million.
- Total assets increased to $126.71 million as of June 30, 2026.
- Completed five reverse stock splits, including a 1-for-10 split in July 2026.
Price Impact
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