Strategic Acquisitions Q1 net loss widens to $38,717; revenue flat at no revenue
STRATEGIC ACQUISITIONS INC NEVADA STQN | 0.00 |
- Strategic Acquisitions posted a net loss of USD 38,717 for quarter ended March 31, 2026, widening from USD 25,044 a year earlier as selling, general and administrative expense rose 54% to USD 38,717.
- Revenue was unchanged at no revenue, while net cash used in operating activities increased to USD 37,581 from USD 24,194.
- Cash on hand climbed to USD 2,927 from USD 508 at Dec. 31, 2025, supported by USD 40,000 of financing proceeds from sale of 40,000,000 common shares.
- Management said it has temporarily ceased lending operations since July 2024, has not started software development due to lack of funding, and is considering divesting wholly owned subsidiary Exworth Union.
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. Strategic Acquisitions 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: 0001493152-26-021568), on May 07, 2026, and is solely responsible for the information contained therein.
