AI Era Corp. Reports 103% Revenue Growth but Faces Net Loss in Latest Financial Filing

AI Era Corp., formerly known as AB International Group Corp., reported significant financial developments in its latest 10-Q filing for the nine months ending May 31, 2026. The company generated total revenue of $7.17 million, a substantial increase from $3.53 million during the same period in 2025, marking a 103% year-over-year growth. Service revenue, which includes consulting and licensing, accounted for $6.56 million, up from $958,828 in the prior year. However, the company reported a net loss of $1.73 million, compared to a net income of $39,651 in the previous fiscal period, reflecting increased operational costs and expenses.

The financial performance was impacted by a significant rise in operating costs, which totaled $5.69 million for the nine months ended May 31, 2026, compared to $3.46 million in the same period last year. This increase was primarily driven by higher amortization expenses related to intangible assets, which rose to $3.47 million from $849,568. The company also experienced a notable increase in accounts payable and accrued liabilities, which surged to $1.38 million from $88,063, indicating a shift in operational financing strategies.

Strategically, AI Era Corp. has made several organizational changes, including a rebranding from AB International Group Corp. to better align with its focus on AI-driven solutions. The company has also expanded its product offerings, particularly in the realm of consulting services and AI-based solutions, which have contributed to the increase in service revenue. The total number of shares outstanding increased to 5.80 million from 4.02 million, reflecting ongoing capital-raising efforts through common stock issuances.

Operationally, the company has seen a rise in customer engagement, with a notable increase in accounts receivable, which grew to $330,133 from $219,408. This suggests a growing customer base and increased demand for its services. The company’s cash and cash equivalents also improved significantly, ending the period at $115,836 compared to $13,691 at the end of the previous fiscal year, indicating better liquidity management. However, the company’s accumulated deficit widened to $12.12 million from $10.39 million, highlighting ongoing challenges in achieving profitability.

Looking ahead, AI Era Corp. aims to leverage its expanded service offerings and improved financial position to drive future growth. The company is focused on enhancing its market presence and exploring additional revenue streams through its AI-powered platforms. Management remains optimistic about the potential for increased revenue generation as it continues to refine its operational strategies and capitalize on emerging market opportunities.