WEWA
Wewards, Inc.2.1100
+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
226.79MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Wewards posted zero revenue for Q3 FY2026 ended February 28, 2026, matching last year while trimming operating expenses to $14k from $14k (derived), yielding a $14k operating loss versus $14k prior. Net loss edged to $139k from $138k, driven by steady $129k related-party interest expense dwarfing operations. Cash dipped to $648k after $45k YTD operating burn, against $10.5M convertible notes to CEO Pei at 5% due May 2027. No capex disclosed. Fully dependent on Pei for funding.
10-Q
Q2 FY2026 results
Wewards posted no revenue for Q2 FY2026 ended November 30, 2025, with operating loss edging up 14% y/y to $15,252 on higher professional fees, yet six-month operating loss improved 2% y/y to $45,232 as G&A fell 53%. Net loss held steady near $140K quarterly, driven by related-party interest expense of $130,890 offset slightly by $6,519 interest income; the $253K six-month other expense gap reflects interest alone. Cash dipped to $661K from operating use of $32K, six months y/y better by 16% (derived), against $10.5M convertible notes to CEO affiliate due May 2027 at 5%. No capex, so FCF not disclosed in the 10-Q. Going concern hinges on licensing deals.
10-Q
Q1 FY2026 results
Wewards posted no revenue for Q1 FY2026 ended August 31, 2025, trimming operating loss to $30K from $33K y/y while net loss eased to $159K from $160K, driven by lower professional fees and G&A. Interest expense on $10.5M related-party convertible notes due May 2027 held steady at $132K, outpacing minor interest income drop. Cash dipped to $672K q/q on $22K operating burn, with no capex disclosed. Equity deficit swelled to $14M amid going concern warnings. Debt reliance weighs heavy.
10-K
FY2025 results
Wewards posted zero revenue for FY2025 ended May 31, 2025, matching FY2024, while narrowing its operating loss to $90,670 from $145,846, thanks to slashing rent to $300 after axing its lease in October 2023—yet a $15,742 tax penalty bumped G&A. Net loss improved 9% to $596,140, or $(0.01) per share on 107M diluted shares, driven by steady $525,000 related-party interest expense. Cash dipped to $693K amid $71K operating burn, leaving negative working capital of $3.4M against $14.5M total debt. No quarterly breakdowns disclosed. Still hunting licensing deals. Dependence on CEO financing looms large.
10-Q
Q3 FY2025 results
Wewards posted a narrower Q3 operating loss of $13,666, down 5% y/y from $14,432, thanks to lower general and administrative costs, while nine-month operating loss shrank 55% y/y to $59,783 after killing rent expense post-lease termination. Net loss eased to $138,291 from $140,514 y/y, driven by slightly less interest expense on $10.5M related-party convertible notes due May 2027 at 5%. Cash dipped to $717,853, with operating cash use at $46,352 for nine months—half the prior year's pace. No revenue yet. Debt reliance looms large.
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