Hammer Technology Holdings Corp. Reports Improved Net Loss and Reduced Operating Expenses for Quarter Ending January 31, 2026

Hammer Technology Holdings Corp. reported its financial results for the quarter ending January 31, 2026, revealing a net loss from continuing operations of $152,880, a decrease from a loss of $279,838 in the same period the previous year. The company did not generate any revenue during the quarter, consistent with the prior year, as its mobile payments platform has yet to launch. Total operating expenses for the quarter were $139,274, down 60% from $347,575 in the previous year, primarily due to reduced depreciation and amortization expenses following the impairment of a customer contract asset in the prior fiscal year.

For the six months ending January 31, 2026, Hammer Technology reported a net loss from continuing operations of $301,755, significantly improved from a loss of $692,513 in the same period last year. Total operating expenses for this period were $304,381, a reduction of 57% compared to $703,161 in the previous year. The decrease in expenses was attributed to lower selling, general, and administrative costs, as well as a significant reduction in depreciation and amortization expenses. The company’s cash position improved, with cash and cash equivalents increasing to $28,312 from $18,054 at the end of July 2025.

The company has undergone significant strategic changes, including the divestiture of its telecommunications assets to Viper Networks, which closed on November 1, 2024. This transaction allowed Hammer Technology to focus on its fintech initiatives, particularly the HammerPay mobile payments platform. The divestiture was recorded as a discontinued operation, and the financial results of these assets are excluded from the current operational metrics. The company also changed its name from Hammer Fiber Optics Holdings Corp. to Hammer Technology Holdings Corp. in September 2025 to better reflect its focus on technology and financial services.

As of January 31, 2026, Hammer Technology's total assets were reported at $182,391, down from $235,534 at the end of July 2025. Current liabilities decreased to $725,775 from $877,663, resulting in a working capital deficiency of $697,463, an improvement from $858,359 in the previous period. The company continues to rely on financing from related parties to support its operations, with convertible notes payable to related parties increasing to $424,646 from $147,746.

Looking ahead, Hammer Technology Holdings Corp. faces substantial doubt regarding its ability to continue as a going concern, as it has not generated revenue from continuing operations and has incurred consistent losses. The company is actively seeking additional funding through debt and equity financing to sustain its operations and support the launch of its HammerPay platform. Management's plans to increase revenues and control operating expenses are critical for the company's future viability.