Quarterly ResultMay 20, 2026, 03:26 PM
StageWise Strategies Q3 Net Income $8,556; Identifies Control Weaknesses
AI Summary
StageWise Strategies Corp. reported a net income of $8,556 for the three months ended March 31, 2026, a significant improvement from a net loss of $11,980 in the prior year period, with revenue increasing to $25,249. However, for the six months ended March 31, 2026, the company recorded a net loss of $5,687, compared to a net income of $15,720 in the same period last year, with revenue decreasing to $44,467. The company also identified material weaknesses in its internal controls over financial reporting and reported zero cash and cash equivalents.
Key Highlights
- Reported net income of $8,556 for the three months ended March 31, 2026, compared to a net loss of $11,980 in the prior year.
- Revenue for the three months ended March 31, 2026, increased to $25,249 from $15,000 year-over-year.
- Recorded a net loss of $5,687 for the six months ended March 31, 2026, down from a net income of $15,720 in the prior year period.
- Revenue for the six months ended March 31, 2026, decreased to $44,467 from $69,690 year-over-year.
- Total operating expenses for the three months ended March 31, 2026, decreased to $16,693 from $26,980.
- Cash and cash equivalents were $0 as of March 31, 2026, down from $4,573 as of September 30, 2025.
- Accumulated deficit stood at $118,051 as of March 31, 2026.
- Management concluded that disclosure controls and internal controls over financial reporting were not effective as of March 31, 2026, due to material weaknesses.
Price Impact
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