Quarterly ResultMay 13, 2026, 06:08 AM
Vystar Q1 Revenue Down 51.4% to $6,147; Going Concern Doubt
AI Summary
Vystar Corp reported a significant 51.4% decrease in Q1 2026 revenue to $6,147 compared to $12,657 in the prior year. Despite the revenue decline, the net loss from continuing operations improved to $(364,779) from $(538,282) year-over-year, with basic and diluted loss per share improving to $(0.01). However, the company continues to face substantial doubt about its ability to continue as a going concern due to significant losses, negative cash flow, a $7 million working capital deficit, and a $61.7 million accumulated deficit.
Key Highlights
- Q1 2026 revenue decreased 51.4% to $6,147 from $12,657 in Q1 2025.
- Net loss from continuing operations improved to $(364,779) in Q1 2026 from $(538,282) in Q1 2025.
- Basic and diluted loss per share was $(0.01) in Q1 2026, an improvement from $(0.03) in Q1 2025.
- Cash balance at March 31, 2026, was $9,907, up from $4,454 at December 31, 2025.
- Company reported a working capital deficit of approximately $7 million and an accumulated deficit of $61.7 million at March 31, 2026.
- Net cash used in operating activities decreased to $(41,047) in Q1 2026 from $(86,042) in Q1 2025.
- Net cash provided by financing activities was $46,500 in Q1 2026, down from $121,580 in Q1 2025.