I-On Digital Q1 FY26 swings to profit of $4.15 million; revenue rises to $27,000

I-ON DIGITAL CORP

I-ON DIGITAL CORP

IONI

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  • I-On Digital reported net income of USD 4.15 million for the quarter ended March 31, 2026, swinging from a net loss a year earlier.
  • Revenue was USD 27,000 versus no revenue a year earlier, driven by a Master Treasury Lease and Custody Agreement with GGBR tied to gold-backed token issuance.
  • Operating loss widened to USD 391,139 as operating expenses rose to USD 418,139.
  • Results were boosted by USD 4.06 million in gains on exchange of intangible assets, alongside USD 274,711 of yield income and a USD 440,619 gain on settlement of debt.
  • Cash and cash equivalents increased to USD 193,012 at March 31, 2026, while management said it remains reliant on related-party support and external financing despite the quarter’s profit.


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