• Spectral Capital posted Q1 net loss of $9,405, widening from $660 year earlier as revenue rose to $328,512 from no revenue.
• Gross profit was $2,190, producing a gross margin of about 0.7% on cost of revenue of $326,322.
• Other expense totaled $6,326, driven by a $5,914 non-cash loss from change in fair value of contingent consideration tied to a stock-price decline to $2.56 from $4.13.
• Cash and cash equivalents climbed to $2,705 at March 31 from $2,087 at Dec. 31, while net cash used in operating activities increased to $523,000 from $220,000.
• Company entered a binding term sheet for proposed Intermatica transaction expected to close in Q2, while raising $200 through issuance of 100,000 restricted shares at $2 per share under a private placement tied to a Nasdaq uplisting push.

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. Spectral Capital Corporation 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: 0001096906-26-000783), on May 13, 2026, and is solely responsible for the information contained therein.