GOAI · Eva Live, Inc.

Revenue increased 6.0% to $3.9 million in Q1 FY2026 from $3.7 million in the prior year, reflecting continued growth in the Company’s brand marketing and digital media services to existing customers, partially offset by timing differences in customer order flow between quarters. This topline expansion aligns with the Company’s revenue growth strategy, as the increase also reflects an expansion in media buying and customer acquisition activity through partners including Hottest Media LLC, Advertala PTE, Wise Ltd., and other media partners, consistent with increased volume of customer acquisition campaigns during the period. Management notes that media traffic purchase expense generally moves directionally with revenue, and changes also influence the year-over-year increase in the mix of customer acquisition channels, which supports scalability in the business model but underscores potential margin sensitivity to channel mix shifts.

Profitability deteriorated significantly, with operating income turning to a loss of -$9.1 million from a profit of $2.0 million year-over-year, a change of -554.6%. This swing resulted in an operating margin of -233.3%, as losses exceeded revenue. General and administrative expense was the key driver, rising to levels that overwhelmed topline gains and produced net income of -$8.6 million, down -529.1% from $2.0 million last year, with diluted EPS at -$0.24 versus $0.06. These results highlight the impact of elevated administrative costs on earnings power, shifting focus to cost discipline for sustainable profitability.