Quarterly ResultMay 14, 2026, 05:02 PM
CISO Global Q1 Net Loss $(1.59)M; Going Concern & Nasdaq Risk
AI Summary
CISO Global, Inc. reported a reduced net loss of $(1.59) million for Q1 2026, an improvement from $(5.38) million in Q1 2025, despite a decrease in total revenue to $6.22 million. The company disclosed substantial doubt about its ability to continue as a going concern due to ongoing losses and a working capital deficit. Additionally, CISO Global received a Nasdaq notification for failing to meet the minimum bid price requirement and is obligated to redeem $1.87 million in Series B Preferred Stock.
Key Highlights
- Net loss improved to $(1,588,906) in Q1 2026 from $(5,379,604) in Q1 2025.
- Total revenue decreased to $6,220,325 in Q1 2026 from $7,162,322 in Q1 2025.
- Net loss per common share improved to $(0.04) in Q1 2026 from $(0.38) in Q1 2025.
- Cash and cash equivalents at period end were $640,075, down from $1,695,994 at Dec 31, 2025.
- Net cash used in operating activities decreased to $(879,816) in Q1 2026 from $(2,953,508) in Q1 2025.
- Company faces substantial doubt about its ability to continue as a going concern.
- Received Nasdaq notification for non-compliance with minimum bid price, deadline June 29, 2026.
- Obligated to redeem 1,778 Series B Preferred Stock shares for $1,866,900 starting May 1, 2026.