Nexscient net loss widens 10% to $316,468 in FY25 transition period; general and administrative expenses rise 35% to $271,398
Bitget2026/09/23 21:23- Nexscient posted a net loss of $316,468 for the six months ended Dec. 31, 2025, widening 10%.
- Total operating expenses rose 4.04% to $292,398, while general and administrative costs climbed 35% to $271,398.
- Research and development spending fell 74% to $21,000, and management attributed the drop to reduced third-party development activity.
- Interest expense jumped to $24,070 from accrued interest on 9% convertible debentures; principal outstanding increased to $530,000 at period-end.
- Cash ended at $28,459, with a working capital deficit of $370,416 and an average monthly cash burn of about $22,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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