IIOT-OXYS Q1 FY26 net loss widens to $393,673; reports no revenue
IIOT OXYS INC
IIOT OXYS INC ITOX | 0.00 |
- IIOT-OXYS posted a net loss attributable to common stockholders of $393,673 for the quarter ended March 31, 2026, widening from $180,313 a year earlier.
- Revenue remained absent; operating expenses fell to $63,589 from $92,258 in the year-ago quarter.
- Other expense widened to $162,573 from $64,953, driven by a $97,220 fair-value loss on derivative liability and $49,084 of interest expense.
- Preferred stock dividend jumped to $167,511 from $23,102, while cash slipped to $6,838 at quarter-end from $26,342 at Dec. 31, 2025.
- Management warned 2026 revenue growth will be challenging amid limited funding, while pursuing merger options and continuing to target structural health monitoring and smart manufacturing opportunities.
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. IIOT-OXYS 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: 0001683168-26-005390), on July 09, 2026, and is solely responsible for the information contained therein.
