Quarterly ResultMay 14, 2026, 04:42 PM
Leafbuyer Technologies Q3 Revenue Down 34.7%; Going Concern Doubt
AI Summary
Leafbuyer Technologies reported a significant decline in financial performance for the nine months ended March 31, 2026, with revenue falling to $3.06 million from $5.05 million and net income plummeting to $14,796 from $321,471 year-over-year. The company also disclosed substantial doubt about its ability to continue as a going concern. Despite the operational challenges, cash and cash equivalents increased to $956,154, and all related party notes payable were fully repaid.
Key Highlights
- Company reported substantial doubt about its ability to continue as a going concern.
- Revenue for the nine months ended March 31, 2026, decreased to $3,064,800 from $5,055,344 year-over-year.
- Net income for the nine months ended March 31, 2026, significantly dropped to $14,796 from $321,471.
- Revenue for the three months ended March 31, 2026, was $1,128,797, down from $1,728,744 in the prior year period.
- Net income for the three months ended March 31, 2026, decreased to $139,419 from $235,154.
- Cash and cash equivalents increased to $956,154 as of March 31, 2026, from $853,759 at June 30, 2025.
- Net cash provided by operating activities for the nine months ended March 31, 2026, was $124,328, down from $589,623.
- All notes payable to related parties totaling $137,817 were paid in full by September 17, 2024.