GRVE
Groove Botanicals, Inc.0.0085
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
506.97KP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Groove Botanicals posted a Q3 operating loss of $33,867, up slightly y/y from $33,031 while nine-month loss widened to $104,420 from $99,404, driven by higher consulting fees offset by lower legal costs. No revenue yet as it hunts early-stage EV battery tech from Nordic universities. Cash dipped to $1,494 after $75,675 operating burn, propped by $75,127 related-party financing amid $1.4M liabilities and negative equity. Preferred dividends added $54,618 to common losses. Disclosure controls falter from single-person management.
10-Q
Q1 FY2026 results
Groove Botanicals posted a Q1 FY2026 operating loss of $32,383 for the quarter ended September 30, 2025, up 8% y/y from $29,833, driven by higher legal and professional fees from SEC refilings while SG&A dipped. Six-month operating loss hit $70,553, 6% worse y/y, with net loss to common at $(179,788) after $109,235 preferred dividends—unchanged y/y. Cash fell to $1,492 from $2,042 at March 31 amid $55,674 operating burn, offset by $55,124 related-party advances; no capex so FCF matches. Stockholders' deficit widened to $(1,289,649). Related-party payables control operations. Disclosure controls remain ineffective.
10-Q
Q1 FY2026 results
Groove Botanicals posted a $38,170 operating loss for Q1 FY2026 ended June 30, 2025, up 4% y/y from $36,539 yet flat with net loss as no revenue emerged. Expenses ticked higher on audit fees while rent dipped; preferred dividends of $54,617 drove common loss to $92,787, matching 59.6M shares at $(0.00) EPS. Cash climbed to $2,737 via $20K related-party financing offsetting $19.8K operating burn (q/q steadier). No debt, but $1.2M liabilities dwarf $3.7K assets. Stockholders' deficit widened to $1.2M. Going concern doubts persist.
8-K
10-K filed sans auditor consent
10-K
FY2025 results
Groove Botanicals posted a narrower FY2025 net loss of $130,834 versus $202,089 in FY2024, driven by slashed operating expenses to $130,834 from $266,581 after axing $78,300 in consulting fees. No revenue yet as the pre-revenue EV battery tech hunter burned $107,422 in operating cash, offset by $107,776 in related-party advances that swelled payables to $608,833. Preferred dividends held steady at $218,470, dragging common EPS to $(0.01). Cash ticked up to $2,042. No quarterly breakdowns disclosed. Auditors flag going concern doubts amid $35.2M accumulated deficit.
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