Earnings ·
Jiuzi Holdings reported a net loss of $13,248,423 for the six months ended April 30, 2026, compared to a net loss of…
JZXNJiuzi Holdings, Inc.
Jiuzi Holdings reported a net loss of $13,248,423 for the six months ended April 30, 2026, compared to a net loss of $675,742 for the same period in 2025. Net revenue grew 630% to $7,147,697, driven by increased sales of new energy batteries and electrical equipment. Significant non-cash expenses included $7.7 million in stock-based compensation and approximately $3.25 million in losses from digital asset remeasurements. The company faces substantial doubt regarding its ability to continue as a going concern due to an accumulated deficit of $100,341,098 and low cash reserves of $271,072. Additionally, CEO Tao Li resigned on April 27, 2026, and was succeeded by Hongye Zhang. The company operates in the consumer electronics and renewable energy sector, reselling batteries, mobile phones, and power equipment.