Hammer Technology Holdings Corp. Reports Q3 Loss of $95,491
Hammer Technology Holdings Corp. filed its quarterly report on Form 10-Q for the period ending April 30, 2026. The company reported a net loss of $95,491 for the three months ended April 30, 2026, a significant improvement from the $386,010 net loss in the same period last year. However, for the nine-month period, the company incurred a net loss of $397,246, a reversal from a net income of $553,994 in the prior year, largely due to the absence of gains from discontinued operations. The company's balance sheet shows a decrease in total assets and an increase in total liabilities, resulting in a working capital deficiency. Management has identified substantial doubt about the company's ability to continue as a going concern.
Key Highlights
- Hammer Technology Holdings Corp. reported a net loss of $95,491 for the three months ended April 30, 2026, compared to a net loss of $386,010 for the same period in 2025.
- For the nine months ended April 30, 2026, the company reported a net loss of $397,246, compared to a net income of $553,994 for the same period in 2025.
- Total assets decreased to $140,468 as of April 30, 2026, from $235,534 as of July 31, 2025.
- Total liabilities increased to $1,203,989 as of April 30, 2026, from $963,609 as of July 31, 2025.
- The company reported a net loss from continuing operations of $95,491 for the three months ended April 30, 2026.
- Operating expenses for the three months ended April 30, 2026, were $134,785, a decrease from $381,875 in the prior year period.
- The company's intangible assets decreased significantly from $215,710 as of July 31, 2025, to $122,889 as of April 30, 2026, due to amortization and impairment.
- The company has substantial doubt about its ability to continue as a going concern due to recurring losses, negative working capital, and no revenue from continuing operations.
Price Impact