Quarterly ResultJun 15, 2026, 11:01 AM
Helio Corp Reports Increased Net Loss and Decreased Revenue for Six Months Ended April 30, 2026
AI Summary
Helio Corp filed its Form 10-Q for the period ending April 30, 2026, reporting a significant increase in net loss to $5,379,685 for the six-month period, compared to $1,934,175 in the prior year. Revenue also saw a substantial decrease, falling to $952,866 from $2,599,836 year-over-year. The company's operating loss widened to $3,531,329. Despite the negative financial performance, total assets increased, and total liabilities and shareholders' deficit decreased.
Key Highlights
- Helio Corp reported a net loss of $5,379,685 for the six months ended April 30, 2026, compared to a net loss of $1,934,175 for the same period in 2025.
- Total revenue for the six months ended April 30, 2026, was $952,866, a decrease from $2,599,836 in the prior year period.
- Operating loss for the six months ended April 30, 2026, was $3,531,329, compared to $1,786,015 in the prior year period.
- As of April 30, 2026, total assets were $1,465,781, an increase from $1,306,616 as of October 31, 2025.
- Total liabilities decreased to $3,384,603 as of April 30, 2026, from $5,366,754 as of October 31, 2025.
- Shareholders' deficit improved to $(1,918,822) as of April 30, 2026, from $(4,060,138) as of October 31, 2025.
Price Impact
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