HLEO
Helio Corporation0.3500
-0.0429-10.9%
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
6.57MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
8-K
Sells $931K preferred stock
Helio Corporation sold 1,000 shares of Series B Convertible Preferred Stock to an investor for $931,500 on March 5, 2026. Each share, with $931.50 stated value, converts into common stock at an initial $931.50 price, capped by 4.99% ownership limit; no dividends, but redeemable at stated value. Cash bolsters liquidity. Filing of certificate pending.
8-K
Helio switches auditors for uplisting
Helio Corporation dismissed Astra Audit & Advisory as its auditor on February 21, 2026, effective immediately, after clean audit reports flagged going concern doubts for fiscal 2025 and 2024. The board swiftly engaged PCAOB-registered Hacker, Johnson & Smith PA for the year ending October 31, 2026. New auditor bolsters governance. This supports NYSE uplisting plans.
10-K
FY2025 results
Helio Corporation's FY2025 ended October 31, 2025 delivered $3.9M revenue, down 44% y/y from $6.9M amid NASA budget cuts and government shutdowns, yet gross margins compressed to 24% from 40% due to fixed costs and contract losses. Q4 showed sequential cash burn acceleration with operating cash use rising to $2.1M annually while ending cash dwindled to $7K from $552K. Debt ballooned to $3.5M maturing mostly in 2026 at 9.75-12%, funded by $1.5M new notes; related-party notes hit $1.3M. No quarterly breakdowns disclosed. Liquidity teeters on going concern warning. Government budget shifts threaten 70% revenue reliance.
8-K
Defaults hit $250K notes
Helio Corporation received default notices on February 7, 2026, for $250,000 in promissory notes from three holders, demanding immediate payment of principal plus interest or face legal action within 15 days. While advancing NASA SBIR Phase II QSRM testing and appointing Oliver Fildes as Lead Systems Engineer for space-based solar power, the company negotiates resolutions. Defaults threaten liquidity. Outcome uncertain.
8-K
Helio adds independent directors
Helio Corporation appointed three independent directors on January 21 and 26, 2026: Vikas Parti as IP Chairman, Mario Martinez as Audit Committee head, and Bruce Campbell as Compensation Committee chair. This restructures the board to three independents out of five, aligning with NYSE listing standards amid an active uplisting push. Directors earn $100,000 annual equity. Governance bolsters credibility.