AI-generated analysis. Always verify with the original filing.
Addentax Group Corp. reported a net loss of $4.2 million for Q3 2026, primarily driven by a $4.1 million fair value loss, despite generating $976K in revenue. The company's operations resulted in a modest operating loss of $69K, with gross profit of $295K from $976K in revenue. Cash flow from operations was negative $1.1 million, though financing activities provided $1.3 million in cash. The balance sheet shows total assets of $28.2 million with significant holdings in debt securities ($17.5M) and operating lease assets ($18.7M), while liabilities total $6.6 million including substantial derivative liabilities ($5.3M). The company maintains $238K in cash and equivalents with total equity of $21.6 million.
EPS
-$0
Revenue
$976K
Net Income
-$4.2M
Gross Margin
30.2%
Gross Profit
$295K
Operating Income
-$69K
operating margin
-7.1%