Quarterly ResultMay 7, 2026, 04:25 PM
HyOrc Q1 Net Loss $(84,660); Zero Revenue
AI Summary
HyOrc Corp reported a net loss of $(84,660) for the three months ended March 31, 2026, a significant increase from the $(23,065) loss in the prior-year period. The company recorded no revenue for Q1 2026, down from $150 in Q1 2025. Cash and cash equivalents increased to $134,736, partly due to $199,979 in subscription money advances. The joint venture with Start Lda has not yet commenced operations, and the Biliran geothermal power plant remains offline due to a legal dispute.
Key Highlights
- Net loss for Q1 2026 was $(84,660), up from $(23,065) in Q1 2025.
- Revenue for Q1 2026 was $0, a decrease from $150 in Q1 2025.
- Cash and cash equivalents rose to $134,736 at March 31, 2026, from $19,417 at Dec 31, 2025.
- Total Assets were $21,851,179 as of March 31, 2026.
- Subscription money advance increased to $199,979 at March 31, 2026.
- Joint venture with Start Lda had no capital contributions or operations as of March 31, 2026.
- Biliran 2 MW geothermal power plant remained offline due to a legal dispute.