Quarterly ResultJun 15, 2026, 04:22 PM
Crisp Momentum Inc. Reports $11.6M Net Loss for 9 Months Ended April 30, 2026
AI Summary
Crisp Momentum Inc. (formerly OpenLocker Holdings, Inc.) filed its 10-Q for the period ending April 30, 2026. The company reported a significant increase in net loss to $11,598,178 for the nine-month period, driven by a substantial rise in operating expenses, despite a small increase in revenues. The company's cash position has decreased, and it faces substantial doubt regarding its ability to continue as a going concern, necessitating further capital raises. The company also completed a rebranding and name change in August 2025.
Key Highlights
- Crisp Momentum Inc. reported a net loss of $11,598,178 for the nine months ended April 30, 2026, compared to a net loss of $452,843 for the same period in 2025.
- Total revenues for the nine months ended April 30, 2026, were $3,649, a significant increase from $126 in the prior year period.
- Operating expenses for the nine months ended April 30, 2026, totaled $11,918,868, a substantial rise from $360,843 in the prior year period.
- As of April 30, 2026, the company had total assets of $1,336,045 and total liabilities of $1,282,674, resulting in a total stockholders' equity (deficit) of $53,371.
- Cash on hand decreased to $100,538 as of April 30, 2026, from $305,120 as of July 31, 2025.
- The company has substantial doubt about its ability to continue as a going concern within the next twelve months due to recurring losses and negative cash flows from operations, requiring additional capital financing.
- The company changed its name from OpenLocker Holdings, Inc. to Crisp Momentum Inc. on August 28, 2025.
Price Impact
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