PMGC posts first revenue from acquired manufacturers; net loss triples to -$5.0M on ELOC costs

Filed May 15, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 14, 2025 · ~2 min read

Key Changes

• high

  Company generated $682K revenue and $230K gross profit (34% margin) from three newly acquired manufacturing subsidiaries (Pacific Sun, AGA, SVM), marking first operating revenue in company history. Portfolio expanded from three to six subsidiaries via aggressive M&A.

  MD&A: Revenue and Portfolio verify on EDGAR →
• high

  Net loss tripled from $1.6M to $5.0M despite new revenue, driven by $1.7M in ELOC-related charges (finance costs, derivative losses, interest expense) and $2.4M increase in operating expenses including $1.0M in executive bonuses.

  MD&A: Net Loss and ELOC Costs verify on EDGAR →
• high

  Company raised $14.1M through equity line of credit (ELOC) pre-paid purchases, now the dominant capital source replacing prior equity issuances and warrant exercises. Cash balance rose to $14.4M but working capital declined year-over-year to $5.1M.

  MD&A: Financing and Liquidity verify on EDGAR →