Greentech Innovations Posts $12,937 Q3 Net Loss as Deficit Widens to $39.2M

Greentech Innovations, Inc., a Nevada-incorporated company, reported a net loss of $12,937 for the three months ending February 28, 2026, compared to an $11,786 loss in the same quarter a year earlier. The company reported no revenue for the period. Read more earnings reports.

For the nine months ending February 28, 2026, the net loss totaled $45,655, an improvement from the $48,699 loss recorded in the prior-year period. Operating expenses for the nine-month period fell to $23,553 from $26,597 a year earlier.

Interest expense remained flat at $7,286 for the most recent quarter, matching the same period last year. For the nine-month period, interest expense held steady at $22,102.

The company's balance sheet showed zero total assets as of February 28, 2026, unchanged from May 31, 2025. Total liabilities climbed to $480,018 from $434,363 at the prior fiscal year-end, all classified as current liabilities.

Stockholders' deficit deepened to negative $480,018 as of February 28, 2026, from negative $434,363 nine months earlier. The accumulated deficit reached $39.2 million, up from $39.1 million at the start of the fiscal year.

Cash from operations consumed $24,404 during the nine-month period, slightly improved from $26,795 in cash used during the same period last year. The company offset the operational cash burn with $24,404 in financing activities.

The company reported zero cash on hand at February 28, 2026, consistent with balances at prior reporting dates. All 606,475 common shares remained outstanding with no change in share count during the period.

Diluted loss per share stood at $0.02 for the quarter ending February 28, 2026, flat compared to the year-ago quarter. For the nine-month period, diluted loss per share was $0.08, unchanged from the prior-year period.