Quarterly ResultMay 15, 2026, 10:16 AM
MDWerks Reports Q1 Net Loss Widens to $847K; Going Concern Doubt
AI Summary
MDWerks, Inc. reported a significant widening of its net loss to $847,032 for the three months ended March 31, 2026, compared to a net loss of $629,354 in the prior year period. Revenues decreased to $434,087 from $513,930, and the company recorded a gross loss of $136,263. The company's financial statements include a going concern warning due to the accumulated deficit and recurring losses, raising substantial doubt about its ability to continue operations.
Key Highlights
- Going concern doubt raised due to accumulated deficit of $7.01M and recurring losses.
- Net loss widened to $847,032 for Q1 2026, up from $629,354 in Q1 2025.
- Revenues decreased to $434,087 in Q1 2026 from $513,930 in Q1 2025.
- Gross profit turned into a loss of $136,263 in Q1 2026 from a profit of $132,532.
- Cash balance at period end was $95,754, down from $211,948 at December 31, 2025.
- Total current liabilities increased to $2.75M from $2.42M at December 31, 2025.
- Net cash used in operating activities increased to $464,418 from $421,316.
- Inventory impairment of $28,988 recognized in Q1 2026.
Price Impact
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