SportsQuest Q1 FY26 net loss narrows to $27,702
SPORTSQUEST INC
SPORTSQUEST INC SPQS | 0.00 |
- SportsQuest posted a net loss of USD 27,702 for the quarter ended March 31, 2026, narrowing from USD 63,642 a year earlier.
- Cash totaled USD 3,033 as of March 31, 2026, while working capital deficit stood at USD 487,707.
- Operating expenses were driven primarily by administrative expenses, consulting services, and interest expense.
- Management said operations have been funded mainly through convertible notes and equity issuances, while recurring losses and limited cash resources raised substantial doubt about ability to continue as a going concern.
- Business continued to operate as a single reportable segment, with performance and resource allocation assessed on a consolidated basis.
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. SportsQuest 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: 0001683168-26-004000), on May 15, 2026, and is solely responsible for the information contained therein.
