Overview

• US Web3 and AI infrastructure firm's Q1 revenue was zero as company remains pre-revenue

• Q1 net loss widened yr/yr on higher operating expenses and digital asset mark-to-market loss

• Company advanced product pipeline and invested $12 mln in Faraday Future for tokenization initiative

Outlook

• Company targets mid-2026 for EAI Data Platform proof-of-concept and initial data delivery

• Agentir platform's first limited public launch targeted in the near term, pending launch readiness

• Company aims to launch first tokenized equity instrument later in 2026, subject to agreements

Result Drivers

• OPERATING EXPENSES - Higher general and administrative and new sales and marketing costs drove increased Q1 expenses

• DIGITAL ASSET LOSSES - Unrealized, non-cash mark-to-market loss on digital asset treasury weighed on results

• PRODUCT DEVELOPMENT - Progressed product pipeline from concept to design and internal testing, with initial contract discussions underway

Company press release: ID:nPnHFzlxa

Key Details

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