Quarterly ResultMay 15, 2026, 04:24 PM
Planet Green Q1 Net Income $502,855; Revenue $6.36M
AI Summary
Planet Green Holdings Corp. reported a net income of $502,855 for the first quarter of 2026, a significant turnaround from a net loss of $796,902 in the prior year. Revenues dramatically increased to $6,357,593 from $840,333. Despite these improvements, the company continues to face substantial doubt about its ability to continue as a going concern due to an accumulated deficit of $174.7 million and a working capital deficit of $4.9 million as of March 31, 2026.
Key Highlights
- Net income for Q1 2026 was $502,855, reversing a net loss of $796,902 in Q1 2025.
- Net revenues for Q1 2026 increased to $6,357,593 from $840,333 in Q1 2025.
- Gross profit for Q1 2026 reached $1,529,932, up from $54,853 in Q1 2025.
- Cash balance as of March 31, 2026, was $5,470,815, a significant increase from $118,956 at December 31, 2025.
- Net cash provided by operating activities was $4,580,433 for the three months ended March 31, 2026.
- The company acquired 67% equity in Hubei Shengsili and 51% in Yunnan Yinuowei, generating goodwill.
- As of March 31, 2026, the company had an accumulated deficit of $174,717,437 and a working capital deficit of $4,897,804.
- Management's plan for continued existence relies on business execution, profit generation, and potential future financing.
Price Impact
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