Quarterly ResultJun 30, 2026, 04:12 PM
Core AI Holdings Reports Q1 Net Loss of $3.63M; Going Concern Doubts
AI Summary
Core AI Holdings, Inc. reported a significant increase in net loss for the first quarter of 2026, reaching $3.63 million, compared to a net loss of $0.10 million in the same period last year. Revenue saw a substantial decline to $3.77 million from $14.51 million year-over-year. The company's total assets decreased, and it reported negative total equity of $0.54 million as of March 31, 2026, with an accumulated deficit of $35.59 million. Management has raised substantial doubt about the company's ability to continue as a going concern.
Key Highlights
- Net loss for Q1 2026 increased to $3.63 million from $0.10 million in Q1 2025.
- Revenue for Q1 2026 decreased to $3.77 million from $14.51 million in Q1 2025.
- Total assets declined to $7.92 million as of March 31, 2026, from $13.41 million at year-end 2025.
- Company reported negative total equity of $0.54 million as of March 31, 2026.
- Accumulated deficit reached $35.59 million as of March 31, 2026.
- Management expressed substantial doubt about the company's ability to continue as a going concern.
- Basic loss per share was $(0.18) for Q1 2026, compared to $(0.01) for Q1 2025.
- Cash and cash equivalents increased to $2.51 million from $1.93 million.
Price Impact
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