Quarterly ResultMay 15, 2026, 06:12 AM
First America Resources Q1 Revenue +19% to $4.8M; Net Income $297K
AI Summary
First America Resources Corp reported a 19% increase in Q1 2026 revenue to $4.80 million, up from $4.02 million in the prior year. Despite this revenue growth and a significant improvement in income from operations to $327,846, net income decreased to $297,230 from $375,129, primarily due to a non-recurring employee retention credit in the prior year's other income. The company also saw a substantial increase in cash provided by operating activities.
Key Highlights
- Q1 2026 revenue increased 19% to $4.80 million from $4.02 million in Q1 2025.
- Net income for Q1 2026 was $297,230, down from $375,129 in Q1 2025.
- Gross profit rose to $3.02 million (63% margin) in Q1 2026 from $2.27 million (56% margin) in Q1 2025.
- Income from operations significantly increased to $327,846 in Q1 2026 from $54,339 in Q1 2025.
- Cash provided by operating activities was $398,920 in Q1 2026, compared to $360,922 used in Q1 2025.
- Cash balance at March 31, 2026, was $631,344, up from $276,855 at December 31, 2025.
- Total assets grew to $8.99 million at March 31, 2026, from $6.66 million at December 31, 2025.
- Stockholders' deficit improved to $(1.29) million at March 31, 2026, from $(1.59) million at December 31, 2025.
Price Impact
More from FSTJ