Universal Token Q1 FY26 net loss narrows to $17,725; no revenue
UNIVERSAL TOKEN INC
UNIVERSAL TOKEN INC UTKN | 0.00 |
- Universal Token posted a net loss of USD 17,725 for quarter ended March 31, 2026, narrowing from USD 93,961 year earlier.
- No revenue was recognized; operating expenses fell to USD 17,725 from USD 93,153, led by professional fees of USD 11,999 versus USD 88,335.
- Net cash used in operating activities improved to USD 35,519 from USD 100,658, while cash used in investing activities dropped to USD 10,000 from USD 175,000 on software development costs.
- Cash and current assets ended quarter at USD 223 and USD 6,898, with current liabilities of USD 7,693 and a working capital deficit of USD 795.
- Management flagged substantial doubt about going concern, citing liquidity not sufficient to fund anticipated operations for at least next 12 months; expects losses to increase over next year on higher payroll and reporting-company 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. Universal Token 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: 0001171520-26-000088), on May 11, 2026, and is solely responsible for the information contained therein.
