Quarterly ResultMay 20, 2026, 04:38 PM
TruGolf Q1 Net Loss Narrows to $(1.45)M; Revenue Down 4.2%
AI Summary
TruGolf Holdings, Inc. reported a net loss of $(1.45) million for the three months ended March 31, 2026, a significant improvement from the $(2.67) million loss in the prior year. Revenue decreased by 4.2% to $5.02 million. The company also completed a 1-for-10 reverse stock split and appointed Steven Passey as its new Chief Financial Officer, effective May 20, 2026.
Key Highlights
- Net loss narrowed to $(1.45) million in Q1 2026 from $(2.67) million in Q1 2025.
- Revenue decreased 4.2% to $5.02 million for the three months ended March 31, 2026.
- Basic and diluted net loss per share improved to $(2.75) from $(44.24) year-over-year.
- Completed a 1-for-10 reverse stock split on March 27, 2026.
- Steven Passey appointed Chief Financial Officer, effective May 20, 2026.
- Net cash used in operating activities improved to $(122,196) from $(449,119).
- Capitalized software development costs increased to $4.23 million as of March 31, 2026.
Price Impact
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