Quarterly ResultJun 17, 2026, 05:01 PM
Kindcard, Inc. Q1 Revenue Down 13%; Net Loss Widens
AI Summary
Kindcard, Inc. reported a decrease in revenue and a wider net loss for the three months ended April 30, 2026. Revenue fell to $74,175 from $85,591 in the same period last year, while the net loss increased to $62,418 from $55,064. The company's total liabilities also increased, raising concerns about its ability to continue as a going concern. Despite the negative financial trends, the company continues to develop its FinTech and PayTech solutions.
Key Highlights
- Revenue decreased to $74,175 for the three months ended April 30, 2026, from $85,591 in the prior year period.
- Net loss widened to $62,418 for the three months ended April 30, 2026, compared to $55,064 in the prior year period.
- General & Administrative Expenses increased to $115,738 from $104,417 year-over-year.
- Depreciation & Amortization decreased significantly to $2,537 from $16,466 year-over-year.
- Total Assets increased to $60,148 as of April 30, 2026, from $51,413 as of January 31, 2026.
- Total Liabilities increased to $1,240,775 as of April 30, 2026, from $1,169,622 as of January 31, 2026.
- Cash used in operating activities was $21,554 for the three months ended April 30, 2026.
Price Impact
More from KCRD