Quarterly ResultMay 15, 2026, 06:12 AM
FreeCast Q3 Net Loss $4.53M; Going Concern Doubt Raised
AI Summary
FreeCast, Inc. reported a net loss of $4.53 million for the three months ended March 31, 2026, an increase from $3.38 million in the prior year period. For the nine months, the net loss was $10.18 million on total revenue of $350,859. The company's cash balance significantly decreased to $119,302, and total current liabilities rose to $7.91 million. Management has raised substantial doubt about the company's ability to continue as a going concern due to recurring losses and negative operating cash flows.
Key Highlights
- Management raised substantial doubt about FreeCast's ability to continue as a going concern.
- Net loss for the three months ended March 31, 2026, was $4.53 million, up from $3.38 million YoY.
- Net loss for the nine months ended March 31, 2026, was $10.18 million, down from $10.87 million YoY.
- Total revenue for the nine months was $350,859, a decrease from $413,837 YoY.
- Cash balance as of March 31, 2026, was $119,302, down from $549,249 at June 30, 2025.
- Total current liabilities increased to $7.91 million from $5.95 million at June 30, 2025.
- Accumulated deficit reached $205.4 million as of March 31, 2026.
- Convertible Note Payable - Related Party increased to $4.89 million from $3.87 million.
Price Impact
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