Hammer Technology net loss narrows 75% to $95,491 in Q3 FY26; reports no revenue
HAMMER FIBER OPTICS HLDGS CORP HMMR | 0.00 |
- Hammer Technology reported a net loss from continuing operations of $95,491 for the three months ended April 30, 2026, narrowing 75%.
- Operating expenses fell 65% to $134,785, driven by a drop in depreciation and amortization to $31,071.
- Other income was $39,294, swinging from an expense, on a $44,444 gain from warrant liability fair-value changes.
- Revenue was unchanged at no revenue as the HammerPay mobile payments platform had not yet launched.
- Cash totaled $17,459; working-capital deficit improved to $668,384 as current liabilities declined, including $61,800 of related-party notes forgiven.
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. Hammer Technology Holdings 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: 0001062993-26-003194), on June 15, 2026, and is solely responsible for the information contained therein.
