ADMT net loss narrows 18% to -$100,374 on non-operating gains as operating loss widens 69%

Filed July 10, 2026 · Period ending March 31, 2026 · Compared to 10-K Jul 14, 2025 · ~1 min read

Key Changes

• high

  Operating loss widened 69% to $159K while net loss narrowed 18% to $100K — the earnings improvement did not come from operations. Below-the-line items contributed a net $88K gain (non-operating/other +$88K, income tax +$0), masking operational deterioration.

  MD&A: Operating Results & Key Financials verify on EDGAR →
• high

  Operating cash flow reversed from $10K generation to $124K consumption; cash declined $127K to $256K. Available line-of-credit capacity fell from $23K to $21K. Going concern remains in effect.

  MD&A: Liquidity & Notes: Going Concern verify on EDGAR →
• high

  Engineering revenue fell $235K (40% decline to $349K), reversing prior year's $232K gain. Electronics revenue rose $312K (20% increase), accelerating from prior year's $14K gain. Total revenue growth slowed from 8% to 4.7%.

  MD&A: Revenue by Segment verify on EDGAR →