Vynleads net loss widens to $96,956 in Q1 FY26; revenue posts no revenue
VYNLEADS INC
VYNLEADS INC VYND | 0.00 |
- Vynleads posted a net loss of USD 96,956 for the three months ended March 31, 2026, widening from USD 80,970 a year earlier.
- Revenue was flat with no revenue in the quarter; total costs and operating expenses rose 19% to USD 93,054.
- Selling, general and administrative expenses climbed 23% to USD 93,054, driven by use of a third-party software development team.
- Working capital deficit widened to USD 416,887 at March 31, 2026, as current assets fell to USD 4,843 and current liabilities increased to USD 421,730.
- Management estimated it needs about USD 5.5 million of additional working capital over the next 12 months and disclosed USD 40,000 of notes payable raised after quarter-end.
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. Vynleads 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: 0001079973-26-000844), on June 16, 2026, and is solely responsible for the information contained therein.
