Quarterly ResultMay 15, 2026, 04:03 PM
Mobiquity Q1 Net Loss Widens to $2.54M; Going Concern Doubt
AI Summary
Mobiquity Technologies reported a net loss of $2.54 million for the three months ended March 31, 2026, an increase from $2.30 million in the prior year, despite a 46.2% rise in revenues to $18,440. The company's cash balance significantly decreased to $137,933 from $642,515 at year-end 2025, and total stockholders' equity declined to $134,901. Management expressed substantial doubt about the company's ability to continue as a going concern.
Key Highlights
- Net loss for Q1 2026 widened to $2.54 million, up from $2.30 million in Q1 2025.
- Loss per share improved to $(0.10) in Q1 2026 from $(0.12) in Q1 2025, despite higher net loss.
- Revenues increased by 46.2% to $18,440 in Q1 2026 from $12,613 in Q1 2025.
- Cash balance decreased to $137,933 as of March 31, 2026, from $642,515 at December 31, 2025.
- Total stockholders' equity declined to $134,901 from $1,197,410 at December 31, 2025.
- Interest expense significantly increased to $513,748 in Q1 2026 from $150,542 in Q1 2025.
- Management identified substantial doubt about the company's ability to continue as a going concern.
Price Impact
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