Quarterly ResultMay 14, 2026, 10:52 AM
Sativus Tech Reports Q1 Net Loss of $195K; Going Concern Doubt
AI Summary
Sativus Tech Corp. reported a net loss attributable to equity holders of $195K for the three months ended March 31, 2026, a significant increase from $1K in the prior year period. The company also reported zero cash and cash equivalents and an accumulated deficit of $24,672K, raising substantial doubt about its ability to continue as a going concern. Operating loss improved to $148K from $260K year-over-year, but total assets decreased to $205K while total current liabilities increased to $3,988K.
Key Highlights
- Company faces substantial doubt about its ability to continue as a going concern due to accumulated deficit and negative cash flow.
- Net loss attributable to equity holders increased to $195K for Q1 2026 from $1K in Q1 2025.
- Cash and cash equivalents were $0 as of March 31, 2026, down from $32K at December 31, 2025.
- Operating loss improved to $148K in Q1 2026 from $260K in Q1 2025.
- Total assets decreased to $205K as of March 31, 2026, from $307K at December 31, 2025.
- Total current liabilities increased to $3,988K as of March 31, 2026, from $3,838K at December 31, 2025.
- Accumulated deficit reached $24,672K as of March 31, 2026.
- No warrants or employee share options were outstanding as of March 31, 2026.