Quarterly ResultJun 23, 2026, 12:41 PM
Cyber Enviro-Tech Q1 Net Loss Widens to $2.06M; Going Concern Warning
AI Summary
Cyber Enviro-Tech reported a net loss of $2.06 million for Q1 2026, significantly wider than the $1.15 million loss in Q1 2025, primarily due to increased other expenses related to derivatives. The company's total liabilities rose to $7.04 million, and its stockholders' deficit deepened to $4.27 million. Management also issued a going concern warning, citing insufficient revenue to cover operating expenses. Additionally, the company entered a $2.5 million manufacturing and distribution agreement with AirPower USA, with an initial $600,000 deposit made via preferred stock.
Key Highlights
- Net loss widened to $2.06 million in Q1 2026 from $1.15 million in Q1 2025.
- Total liabilities increased to $7.04 million as of March 31, 2026, from $5.09 million.
- Stockholders' deficit deepened to $4.27 million from $3.10 million at year-end 2025.
- Company issued a going concern warning due to insufficient revenue.
- Entered $2.5 million manufacturing and distribution agreement with AirPower USA.
- Cash and cash equivalents increased to $263,336 from $50,230 at year-end 2025.
- Derivative liability surged to $2.98 million from $1.07 million at year-end 2025.
- Weighted average shares outstanding increased to 155.2 million from 110.8 million.
Price Impact
More from CETI