Quarterly ResultMay 14, 2026, 03:26 PM
Focus Universal Q1 Revenue $47.9K; Net Loss $(1.25M); Going Concern
AI Summary
Focus Universal Inc. reported a significant decline in revenue for Q1 2026, falling to $47,973 from $190,255 in Q1 2025, resulting in a gross profit of $15,244. The company posted a net loss of $(1,246,078) for the quarter, with a net loss available to common stockholders of $(1,472,744) after preferred stock accretion. The filing also highlights substantial doubt about the company's ability to continue as a going concern due to recurring losses and negative operating cash flows.
Key Highlights
- Q1 2026 revenue decreased to $47,973 from $190,255 in Q1 2025.
- Gross profit for Q1 2026 was $15,244, down from $30,544 in Q1 2025.
- Net loss for Q1 2026 was $(1,246,078), compared to $(1,251,378) in Q1 2025.
- Net loss per common share improved to $(1.48) in Q1 2026 from $(1.68) in Q1 2025.
- Cash and cash equivalents decreased to $6,012,717 as of March 31, 2026, from $7,934,958 at December 31, 2025.
- Net cash used in operating activities was $(1,148,500) in Q1 2026.
- Company formed new subsidiaries Lusher Holding LLC, Lusher LLC, and Lusher Service LLC.
- A $525,000 deposit was made for a building purchase, totaling $17,700,000.