0001493152-26-007146
SEC filingAether Holdings, Inc. reported a net loss of $1.3 million for Q1 2026, driven by operating expenses of $1.6 million that significantly exceeded gross profit of $272K. Revenue for the quarter was $339K, with a gross margin of approximately 80.2% based on cost of sales of $66K. The company used $1.0 million in cash from operations and invested $1.6 million primarily in property, equipment, and intangible assets, resulting in a net cash decrease of $2.6 million. Despite this, the company ended the quarter with $4.4 million in cash and total assets of $4.0 million, supported by shareholders' equity of $3.4 million. The quarter reflects continued investment in growth initiatives while maintaining a negative bottom line.
Aether Holdings reported a net loss of $1.3 million for Q1 2026, unchanged from the loss before provision for income taxes. Revenue was $339K with cost of sales at $66K, resulting in gross profit of $272K. Operating expenses totaled $1.6 million, comprising sales and marketing ($197K), general and administrative ($1.3M), and research and development ($58K). Other income of $32K, from interest income ($25K) and other income net ($7K), partially offset operating losses. The company reported comprehensive loss of $1.3 million, with basic and diluted loss per share of $0. Weighted average shares outstanding were 12.1 million basic and diluted.
Revenue of $339K was generated during the quarter, though no segment breakdown, geographic mix, or specific growth drivers were disclosed in the provided data. The document does not contain management discussion of revenue composition or comparative period figures that would enable analysis of growth trends or drivers.
Gross margin was approximately 80.2%, calculated from revenue of $339K and cost of sales of $66K. The company operated at a significant loss margin, with operating expenses of $1.6 million far exceeding gross profit of $272K. No operating margin figure was explicitly provided, and no prior period comparisons were available to assess margin trends. The cost structure shows general and administrative expenses as the largest component at $1.3 million.
Net cash used in operating activities was $1.0 million, driven by net loss of $1.3M adjusted for depreciation ($8K), stock-based compensation ($15K), and changes in working capital. Investing activities used $1.6 million for purchases of intangible assets ($385K), internally developed software ($58K), and property and equipment ($1.2M). Financing activities provided $94K primarily from amounts due to related parties ($101K), offset by deferred offering costs ($7K). Cash decreased by $2.6 million to $4.4 million. Total assets were $4.0M including current assets of $2.2M (cash $1.8M, prepaid expenses $352K) and non-current assets of $1.8M. Total liabilities were $637K, all current, resulting in shareholders' equity of $3.4M.
The provided document content does not include management guidance, strategic priorities, or specific risk factors that would enable an outlook analysis. No forward-looking statements or projections were present in the extracted financial data sections.