GridAI Q1 FY26 net loss widens to $3.44 million; revenue turns positive at $38,208
GridAI Technologies Corp. GRDX | 0.00 |
- GridAI Technologies posted a net loss of $3.44 million for the quarter ended March 31, 2026, widening from $1.26 million a year earlier.
- Operating loss widened to $3.61 million from $821,386; general and administrative expense more than doubled to $2.37 million.
- Revenue was $38,208, versus no revenue a year earlier; cost of service was $651,948, leaving gross margin at -$613,740.
- Research and development expense rose to $631,380 from $15,827, driven primarily by the AI Segment at $627,756.
- Cash and cash equivalents were $386,000 at March 31, with management citing substantial doubt about going-concern status absent additional capital.
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