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- Going Concern (worsened) — Substantial doubt about ability to continue as a going concern is newly disclosed and tied to a wider operating loss of $550K versus $55K, with cash of $1.79M against $2.31M in bank and convertible loans.
Quarterly net loss of $605,000 against a loss of $3.7M a year earlier; Quantum X Labs pivots to quantum tech via acquisition, but revenue falls 33% and going concern doubt persists
Filed May 14, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 14, 2025 · ~1 min read
Key Changes
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Acquired Quantum Israel on March 4, 2026, issuing ~40% of its stock plus earn-outs, transforming from digital advertising to quantum technology.
MD&A: Quantum Israel acquisition verify on EDGAR → -
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Continuing operations revenue fell 33% to $353K from $529K, driven by a decline in Gix Media's Search Platform referrals.
MD&A: Revenue decline view on EDGAR → -
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Operating loss widened 900% to $550K from $55K, reflecting higher G&A and depreciation after the Metagramm acquisition and Nasdaq uplisting.
MD&A: Operating loss widening view on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 4, 2026 · How we verify