BGMS · Bio Green Med Solution, Inc.

Bio Green Med Solution's Q1 2026 results reflect its strategic pivot to fire safety following the September 2025 acquisition of Fitters Sdn. Bhd. Product revenue from fire safety reached $0.8 million, with a cost of sales of $0.6 million, yielding a gross profit of $0.2 million. The company significantly reduced general and administrative expenses to $0.4 million from $4.2 million in the prior year, driven by the normalization of one-time costs associated with prior control changes and disciplined management. This led to a net loss from continuing operations of $0.2 million, a substantial improvement from a $4.2 million loss in Q1 2025. However, the overall net loss widened to $0.2 million from $0.1 million, as the prior year benefited from a $4.1 million net income from discontinued operations. Cash and equivalents stood at $3.3 million, down from $3.5 million at year-end, with management estimating sufficient liquidity into Q4 2026. The company also declared a $0.15 per share quarterly dividend on its preferred stock, paid on May 1, 2026. Notably, the preferred stock (BGMSP) was delisted from Nasdaq in March 2026, while the common stock (BGMS) remains listed. Management expressed confidence in the fire safety growth strategy and cost discipline, positioning the company for long-term value creation.