Xeriant swings to net income of $392,278 in year ended June 30, 2026; operating loss narrows 23% to $1.06 million
Bitget2026/09/28 20:31- Xeriant posted net income of $392,278 for the year ended June 30, 2026, swinging from a net loss of $1.65 million.
- Operating loss narrowed 23% to $1.06 million, while total operating expenses fell 23% to $1.06 million.
- Total other income turned positive to $1.47 million, including a $2.81 million gain on extinguishment of debt.
- Cash rose to $87,594 at June 30, 2026, while negative working capital improved 44% to $4.9 million.
- Convertible notes issuance provided $837,500 in proceeds, while management flagged substantial doubt about going-concern status and ongoing Auctus settlement obligations.
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