Quarterly ResultJul 13, 2026, 06:31 AM
ONAR Holding Q1 Net Loss $(1.13M); Going Concern Doubt
AI Summary
ONAR Holding Corp reported a net loss of $(1.13) million for Q1 2026, an improvement from $(1.29) million in Q1 2025, with revenue increasing to $1.02 million. Despite operational improvements, the company's financial statements raise substantial doubt about its ability to continue as a going concern due to accumulated losses, negative working capital, and a stockholders' deficit. The company acquired Scale Partners for $185,000, expanding into commercial real estate marketing, and divested its non-core Reliant Pools business.
Key Highlights
- Net loss for Q1 2026 was $(1,128,066), an improvement from $(1,287,502) in Q1 2025.
- Revenue for Q1 2026 increased to $1,021,085 from $734,515 in Q1 2025.
- Loss from operations improved to $(325,643) from $(1,017,226) year-over-year.
- Cash balance at March 31, 2026, was $11,213, down from $94,420 at Dec 31, 2025.
- Reported a working capital deficiency of $10,437,700 as of March 31, 2026.
- Acquired Scale Partners for $185,000, expanding into commercial real estate.
- Divested non-core Reliant Pools business, effective December 31, 2025.
- Authorized increase in common stock from 1 billion to 3 billion shares.
Price Impact
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