Quarterly ResultMay 8, 2026, 06:21 AM
Greenpro Capital Q1 Net Loss $(911,576); $17M Investment in Forekast
AI Summary
Greenpro Capital Corp. reported a net loss of $911,576 for the three months ended March 31, 2026, an increase from $635,576 in the prior year period. Total revenues increased to $405,386, primarily driven by a significant rise in digital revenue. The company also made a non-cash investment of $17,000,000 in Forekast Limited by issuing 8.5 million shares, which substantially increased total assets and stockholders' equity. The filing includes a going concern warning due to accumulated deficit and continued operating losses.
Key Highlights
- Non-cash investment of $17,000,000 in Forekast Limited by issuing 8,500,000 shares.
- Net loss increased to $(911,576) for Q1 2026 from $(635,576) in Q1 2025.
- Total revenues rose to $405,386 in Q1 2026 from $352,755 in Q1 2025 (+14.9%).
- Digital revenue significantly increased to $78,459 in Q1 2026 from $26,256 in Q1 2025 (+198.8%).
- Net cash used in operating activities increased to $(928,413) in Q1 2026 from $(240,942) in Q1 2025.
- Total assets increased to $21,888,786 as of March 31, 2026, from $5,091,388 as of December 31, 2025.
- Total stockholders' equity increased to $19,702,722 as of March 31, 2026, from $3,590,844 as of December 31, 2025.
- Company faces substantial doubt about its ability to continue as a going concern.