Quarterly ResultMay 20, 2026, 05:32 PM
Powerdyne Q1 Revenue Down 37% to $171K; Net Loss Widens to $120K
AI Summary
Powerdyne International reported a significant decline in its first-quarter 2026 financial results, with revenues decreasing by 36.9% to $171,025 compared to the prior year. The company's net loss widened substantially by 118.1% to $120,246. Powerdyne also disclosed an accumulated deficit of $5.63 million as of March 31, 2026, raising substantial doubt about its ability to continue as a going concern without additional financing or improved operations.
Key Highlights
- Q1 2026 revenues decreased 36.9% to $171,025 from $271,056 in Q1 2025.
- Net loss widened by 118.1% to $120,246 in Q1 2026 from $55,134 in Q1 2025.
- Gross profit declined 36.3% to $39,273 in Q1 2026 from $61,639 in Q1 2025.
- Cash balance decreased 48.8% to $24,271 as of March 31, 2026, from $47,382 at December 31, 2025.
- Accumulated deficit reached $5,628,543 as of March 31, 2026.
- Issued 25,000,000 common shares for $117,500 in services during Q1 2026.
- Two major customers accounted for 90% of Q1 2026 revenues and 95% of accounts receivable.
Price Impact
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