Cardiff Lexington Q1 FY26 net loss widens to $3.09 million; revenue falls 23.78% to $2.22 million
CARDIFF LEXINGTON CORPORATION CDIX | 0.00 |
- Cardiff Lexington posted a net loss of USD 3.09 million for the quarter ended March 31, 2026, widening from USD 450,777 a year earlier.
- Revenue fell 23.78% to USD 2.22 million, while operating results swung to an operating loss of USD 511,159 from operating income of USD 543,934.
- Other expense widened to USD 2.58 million from USD 994,711, driven by interest expense of USD 1.91 million and a derivative liability loss of USD 668,821.
- Cash rose to USD 683,507 at March 31, 2026 from USD 318,535 at the start of the quarter, while net cash from financing activities increased to USD 381,702 from USD 299,993.
- April 8 financing included issuance of a USD 268,889 convertible promissory note for USD 230,000 in proceeds; March 31 balance on DML receivables line of credit was USD 18.92 million with accrued interest of USD 660,979.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cardiff Lexington Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-003791), on May 13, 2026, and is solely responsible for the information contained therein.
