Eva Live Q1 FY26 net loss widens to $8.56 million
Eva Live Inc
Eva Live Inc GOAI | 0.00 |
- Eva Live posted a net loss of USD 8.56 million, or USD 0.24 per share, for the three months ended March 31, 2026, swinging from net income of USD 2 million a year earlier.
- Revenue rose 6% to USD 3.9 million, while operating loss widened to USD 9.11 million from operating income of USD 2 million.
- General and administrative expense surged to USD 9.28 million from USD 377,385, driven by equity-based compensation arrangements and higher professional fees tied to public company readiness, acquisition activity, and capital-raising transactions.
- Interest expense climbed to USD 499,082 from USD 7,268, reflecting costs tied to the Streeterville Capital senior secured convertible promissory note issued in February 2026 and other convertible promissory notes.
- Cash and cash equivalents increased to USD 5.77 million from USD 202,524 at Dec. 31, 2025, following net cash proceeds of about USD 6.42 million from the Streeterville Initial Note.
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. Eva Live 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: 0001493152-26-023770), on May 15, 2026, and is solely responsible for the information contained therein.
