Quarterly ResultJul 14, 2026, 11:11 AM
SusGlobal Energy Q1 2026 Revenue $0; Net Loss $(1.52M); Going Concern Doubt
AI Summary
SusGlobal Energy Corp. reported zero revenue and a net loss of $(1.52) million for Q1 2026, compared to $6,345 revenue and a net loss of $(1.88) million in Q1 2025. The company faces substantial doubt about its ability to continue as a going concern due to a significant working capital deficit of $(41.17) million and increasing accumulated deficit. Operations at its Belleville facility remain suspended, and it continues to seek financing while facing multiple debt defaults.
Key Highlights
- Net loss for Q1 2026 was $(1,516,559), improving from $(1,881,658) in Q1 2025.
- Revenue for Q1 2026 was $0, down from $6,345 in Q1 2025.
- Working capital deficit increased to $(41,168,330) from $(40,416,007) at Dec 31, 2025.
- Accumulated deficit grew to $(53,633,130) from $(52,116,571) at Dec 31, 2025.
- Current portion of long-term debt in default totaled $9,742,824.
- Convertible promissory notes in default totaled $14,760,920.
- Company stopped receiving waste at Belleville facility in January 2024.
- Hamilton Facility properties were listed for sale.
Price Impact
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