Earnings ·
Black Titan reports net loss of $3.1M on revenues down 29.9%, enters up to $200M convertible notes deal
BTTCBlack Titan Corp
Black Titan Corporation reported unaudited consolidated financial results for the six months ended January 31, 2026, showing a net loss of $3,092,512 compared to a net profit of $294,968 for the same period in 2025. Total revenues decreased 29.9% to $1,179,735, driven by a 57.2% decline in implementation services. General and administrative expenses surged 1,017.2% to $3,300,862, primarily due to $1.8 million in professional service fees and an $0.8 million severance payment. The company also entered a securities purchase agreement on January 16, 2026, for up to $200,000,000 in convertible notes, having issued an initial $1,515,000 note. Black Titan Corporation provides human capital management software and services in Southeast Asia.