Earnings ·
Jiuzi Holdings reported a net loss of $13,248,423 for the six months ended April 30, 2026, an 1,861% increase from the…
JZXNJiuzi Holdings, Inc.
Jiuzi Holdings reported a net loss of $13,248,423 for the six months ended April 30, 2026, an 1,861% increase from the $675,742 loss in the prior-year period. While net revenue grew 630% to $7,147,697, driven by new energy battery and electrical equipment sales, operating expenses surged due to $7.7 million in stock-based compensation. The company recorded $3.2 million in combined losses from digital asset remeasurements. Significant liquidity concerns persist, with cash and cash equivalents at $271,072 and an accumulated deficit of $100,341,098, raising substantial doubt about the company's ability to continue as a going concern. Additionally, CEO Tao Li resigned on April 27, 2026, and was succeeded by Hongye Zhang. The company operates in the electronics resale industry, focusing on batteries, power equipment, and mobile accessories.