Aether Holdings Posts $1.3M Net Loss in Q1 FY2026 as Operating Expenses Triple

Aether Holdings Posts $1.3M Net Loss in Q1 FY2026 as Operating Expenses Triple

Aether Holdings reported a net loss of $1.30 million for the three months ending December 31, 2025, compared with a loss of $285,000 in the same quarter a year earlier. The Delaware-based company's loss per share widened to $0.11 from $0.03. Read more earnings reports.

Revenue dipped 4.5% to $338,804 from $354,643 in the prior-year quarter. Cost of revenue fell 38% to $66,420, pushing gross profit up 10% to $272,384 from $247,085.

Operating expenses jumped to $1.60 million from $532,074, a threefold increase that drove the larger loss. Research and development spending totaled $57,947 for the quarter.

Cash and Capital

Cash and cash equivalents stood at $263,316 as of December 31, 2025, up from $159,564 at the end of the prior quarter. Including restricted cash, the company held $1.80 million compared with $4.42 million three months earlier.

Operating activities consumed $1.01 million in cash during the quarter, versus $258,016 in the year-ago period. Investing activities used $1.61 million.

Stockholders' equity totaled $3.37 million as of quarter-end, down from $4.52 million at September 30, 2025. The company had 12.14 million common shares outstanding.

Balance Sheet

Total assets declined to $4.01 million from $5.04 million at the prior quarter-end. Current assets fell to $2.15 million from $4.78 million. Property, plant and equipment surged to $1.28 million from $4,069.

Current liabilities rose to $637,092 from $519,078. Accounts payable nearly doubled to $132,856 from $67,430. The company maintained a retained earnings deficit of $6.50 million, widening from $5.20 million three months earlier.