Quarterly ResultJun 22, 2026, 02:51 PM
Panamera Holdings Reports $153.9M Net Loss; Going Concern Doubt
AI Summary
Panamera Holdings Corporation reported a net loss of $153.9 million for the nine months ended April 30, 2026, a substantial increase from $0.3 million in the prior year, primarily due to expensing a $153.4 million license acquisition. The company's total assets significantly decreased to $95,349, while total liabilities surged to $4.3 million, resulting in a stockholders' deficit of $4.2 million. These factors, coupled with a working capital deficit, raise substantial doubt about the company's ability to continue as a going concern.
Key Highlights
- Net loss for the nine months ended April 30, 2026, was $153.9 million.
- Net loss per common share was $2.08 for the nine-month period.
- Total assets decreased to $95,349 from $803,519 since July 31, 2025.
- Total liabilities increased to $4.34 million from $0.18 million.
- Stockholders' deficit reached $4.25 million, from a $0.62 million equity.
- Cash balance plummeted to $46 from $85,980 at July 31, 2025.
- Acquired a license for $153.4 million, expensed as research and development.
- Company faces substantial doubt about its ability to continue as a going concern.
Price Impact
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