CapForce Inc. Reports Q1 2026 Financial Results with Increased Net Loss and No Revenue

CapForce Inc., formerly known as OpGen, Inc., reported its financial results for the first quarter of 2026, revealing a net loss of $710,571, compared to a net loss of $408,133 for the same period in 2025. The company did not generate any revenue during the quarter, maintaining a consistent trend from the previous year. Total operating expenses increased to $804,804, up from $522,846 in the prior year, primarily driven by a rise in general and administrative costs, which included compensation expenses for the Board of Directors and increased legal fees.

The company's cash and cash equivalents significantly decreased to $78,586 as of March 31, 2026, down from $531,277 at the end of 2025. This decline reflects the company's ongoing operational challenges and reliance on external financing. CapForce's total assets also fell to $37.5 million, compared to $38.1 million at the end of the previous fiscal year. The company’s liabilities remained relatively stable, totaling $6.2 million, with current liabilities slightly increasing to $4.6 million.

Strategically, CapForce has undergone significant changes, including a rebranding and a shift in focus from precision medicine to financial services and technology. In December 2025, the company acquired Sun Investment Enterprises Limited, which owns iCapX Sdn. Bhd., a provider of cap table management services. This acquisition is part of CapForce's strategy to enhance its service offerings in capital markets advisory. Additionally, the company launched a new business line through its subsidiary, CapForce International, which provides listing sponsorship and consultancy services to international companies.

Operationally, CapForce has not reported any revenue-generating activities in the first quarter of 2026, similar to the previous year. The company continues to focus on developing its digital investment banking platform and expanding its service capabilities. As of March 31, 2026, CapForce had 12,368,008 shares of common stock outstanding, reflecting an increase from the previous year, which indicates a potential increase in shareholder engagement. The company is also exploring financing arrangements with AEI Capital, its controlling shareholder, to support its operations in the near term.

Looking ahead, CapForce anticipates that its current cash resources, combined with access to additional capital through its agreement with AEI Capital, will be sufficient to fund operations for at least the next 12 months. However, the company acknowledges the need for ongoing financing to support its strategic initiatives and operational expenses. The management remains focused on executing its business strategy while navigating the challenges posed by market conditions and operational transitions.