0001493152-26-007000
SEC filingNaturalShrimp Incorporated reported a net loss of $2.8 million for Q1 2026 (period ending June 30, 2025), with net revenue of only $2K. The company generated $37K in sales but incurred $35K in cost of sales, resulting in minimal gross profit. Operating expenses totaled $2.1 million, primarily driven by general and administrative costs of $1.1 million, depreciation of $435K, and amortization of $368K. Other expenses included a $720K unfavorable change in fair value of restructured notes payable. Cash flow from operations was negative $806K, partially offset by $686K in financing activities from stock and preferred share sales, leaving cash at period end at $116K. No prior period comparisons are provided in the filing.
NaturalShrimp Incorporated reported a net loss of $2.8 million for Q1 2026 (period ending June 30, 2025). The company generated minimal revenue of $2K from sales of $37K with cost of sales of $35K. Operating expenses totaled $2.1 million, consisting of general and administrative expenses ($1.1 million), facility operations ($159K), depreciation ($435K), and amortization ($368K). Other expenses included interest expense ($14K), change in fair value of warrant liability ($5K), unfavorable change in fair value of restructured notes payable ($720K), and loss on sale of machinery and equipment ($10K). Net loss available for common stockholders was $2.9 million after accounting for accretion on preferred shares ($48K) and dividends ($75K). No prior period comparisons are provided in the filing.
The filing shows minimal revenue generation with sales of $37K and cost of sales of $35K, resulting in net revenue of $2K. No segment breakdown, geographic mix, or growth drivers are disclosed in the provided document. The company's revenue appears to be nominal relative to its operating expenses, indicating early-stage operations or minimal commercial activity during the quarter.
Gross margin was approximately 5.4% based on sales of $37K and cost of sales of $35K. The company operated at a significant loss with operating expenses of $2.1 million far exceeding gross profit. No operating margin calculation is possible as operating income is negative. The cost structure shows substantial fixed costs in depreciation ($435K) and amortization ($368K), along with significant general and administrative expenses ($1.1 million).
Cash used in operating activities was $806K, primarily driven by the net loss of $2.8 million adjusted for non-cash items including depreciation ($435K), amortization ($368K), and fair value changes. Investing activities provided $10K from sale of machinery and equipment. Financing activities provided $686K from proceeds of stock sales ($486K) and Series G Preferred Shares ($200K). The net change in cash was negative $111K, with cash at period end of $116K. No balance sheet data or debt levels are provided in the filing.
No management guidance, strategic priorities, or specific risk factors are disclosed in the provided filing content. The document contains only financial statement data without accompanying management discussion and analysis (MD&A) section that would typically include forward-looking statements, strategic initiatives, or risk factor disclosures.