Quarterly ResultOct 20, 2026, 05:26 PM
Karbon-X Corp. Q2 Loss Widens to $3.96M on Plummeting Revenue
AI Summary
Karbon-X Corp. filed its quarterly report (10-Q) for the period ending August 31, 2026. The company reported a significant decrease in total revenue to $343,967 from $35,658,933 in the prior year period, resulting in a wider net loss of $3,955,038 for the quarter. The company's total assets decreased while total liabilities increased, leading to a larger shareholders' deficit. The filing also details changes in financial instruments, including derivative liabilities and convertible notes.
Key Highlights
- Karbon-X Corp. reported a net loss of $3,955,038 for the three months ended August 31, 2026, compared to a net loss of $2,596,234 for the same period in 2025.
- Total revenue for the three months ended August 31, 2026, was $343,967, a significant decrease from $35,658,933 in the prior year period.
- Loss per share for the three months ended August 31, 2026, was $(0.04), compared to $(0.03) for the same period in 2025.
- Total assets decreased to $7,669,184 as of August 31, 2026, from $9,617,713 as of May 31, 2026.
- Total liabilities increased to $16,612,907 as of August 31, 2026, from $15,601,815 as of May 31, 2026.
- Shareholders' equity (deficit) was $(8,943,723) as of August 31, 2026, compared to $(5,984,102) as of May 31, 2026.
Price Impact
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