Kinetic Seas Q1 FY26 net loss widens to $(1.38) million

KINETIC SEAS INC

KINETIC SEAS INC

KSEZ

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  • Kinetic Seas posted a net loss of $(1.38) million, or $(0.03) per share, for the quarter ended March 31, 2026.
  • Revenue rose to $545,645, including $519,750 of product sales revenue tied to previously deferred customer contracts.
  • Operating expenses increased to $363,246, led by higher professional fees and other public company compliance-related costs.
  • Other expense widened to $1.56 million, driven primarily by a $1.6 million non-cash loss on debt extinguishment.
  • Cash totaled $205,667 at March 31, 2026; management said it expects to need additional capital to fund operations over the next 12 months.


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. Kinetic Seas Inc. 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: 0001683168-26-005121), on June 26, 2026, and is solely responsible for the information contained therein.