MergerMay 12, 2026, 04:38 PM
Check-Cap Merger Target MBody AI Reports 2025 Net Income $507K
AI Summary
MBody AI Corp. reported significant financial growth for the year ended December 31, 2025, with net income reaching $507,851 and total net revenue of $2.4 million. This disclosure is made in anticipation of its proposed merger with Check-Cap Ltd., where MBody AI will be the accounting acquirer. The company is strategically transitioning to a software-as-a-service (SaaS) and AI-platform subscription model, which contributed to a substantial increase in customer subscription contract revenue. The merger is expected to be finalized in the first half of 2026.
Key Highlights
- MBody AI Corp. is the accounting acquirer in a proposed merger with Check-Cap Ltd., expected to close by June 2026.
- Net income for the year ended December 31, 2025, was $507,851, a substantial increase from $1,089 in 2024.
- Total net revenue grew to $2,400,482 in 2025, up from $47,940 in 2024.
- Customer subscription contract revenue, a new stream in 2025, contributed $2,209,792.
- Gross profit increased significantly to $1,354,417 in 2025 from $2,490 in 2024.
- Cash and cash equivalents stood at $799,468 as of December 31, 2025, up from $94,333.
- Total assets increased to $3,446,628 as of December 31, 2025, from $184,940.