UMeWorld net loss widens to $105,450 in Q1 FY26; revenue rises to $351,187
UMEWORLD INC
UMEWORLD INC UMEW | 0.00 |
- UMeWorld posted a net loss of USD 105,450 for the three months ended March 31, 2026, widening from USD 20,958 a year earlier.
- Revenue rose to USD 351,187 from USD 411, driven by distributor channel activity through its PRC subsidiary following initial market entry in late 2025.
- Selling, general and administrative expenses climbed to USD 120,631 from USD 19,266 on higher professional and advisory fees, increased executive compensation, and added compliance and reporting costs tied to its transition to a U.S. reporting issuer.
- Gross profit turned positive at USD 15,152 from a gross loss of USD 1,724, though margins stayed modest on distributor pricing and logistics and fulfillment costs.
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. UMeWorld 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: 0001477932-26-003093), on May 14, 2026, and is solely responsible for the information contained therein.
