Quarterly ResultMay 14, 2026, 04:21 PM
Datacentrex Q1 Revenue $2.18M (+1265%); Net Loss Widens to $6.15M
AI Summary
Datacentrex, Inc. reported a significant increase in revenue for the first quarter ended March 31, 2026, reaching $2.18 million, a 1265% jump from the prior year. However, the company's net loss widened substantially to $6.15 million, compared to a $308,595 loss in Q1 2025, primarily due to higher operating expenses including depreciation, stock-based compensation, and digital asset losses. The results reflect the impact of the merger with Dogehash Technologies Inc. in December 2025, which transformed Datacentrex into a digital asset mining company.
Key Highlights
- Q1 2026 revenue increased 1265% to $2,179,208.
- Net loss for Q1 2026 widened to $(6,151,707).
- Basic and diluted loss per share was $(0.20) for Q1 2026.
- Cash and cash equivalents reached $42,474,352 as of March 31, 2026.
- Digital assets at fair value increased to $5,365,365 as of March 31, 2026.
- Net cash used in operating activities was $(3,226,706) in Q1 2026.
- Financing activities provided $6,749,700 from a public offering.
- Net unrealized and realized losses on digital assets totaled $(1,212,173).