Sativus Tech Corp. has reported its financial results for the first quarter of 2026, revealing a net loss of $252,000, a significant increase from a loss of $98,000 in the same period last year. The company's operating expenses decreased to $148,000 from $260,000, primarily due to a reduction in research and development costs, which fell to $77,000 from $206,000. General and administrative expenses rose slightly to $71,000 from $54,000. The company’s accumulated deficit now stands at $24.67 million, up from $24.48 million at the end of 2025.
In terms of liquidity, Sativus Tech reported a working capital deficit of $3.97 million as of March 31, 2026, compared to $3.74 million at the end of the previous fiscal year. The company experienced negative cash flow from operations of $73,000 during the quarter, attributed to the net loss and financial expenses related to the revaluation of convertible loans. Cash flow from financing activities was positive at $39,000, primarily from loans from related parties, although this was a decrease from $80,000 in the same quarter of 2025.
Strategically, Sativus Tech continues to focus on its subsidiary, Saffron Tech, which is developing automated systems for saffron cultivation. The company holds a 54% stake in Saffron Tech, which is advancing its research and development efforts in agricultural technology. Saffron Tech has successfully completed multiple cultivation cycles and is preparing to roll out its proof of concept for high-yield saffron production. The company aims to leverage vertical farming technology to meet the growing demand for saffron across various industries.
Operationally, Sativus Tech has maintained its employee headcount at 4,215,571 shares outstanding, with no new shares issued during the quarter. The company has also reported no significant changes in customer counts or user statistics. However, it continues to face challenges in securing additional financing to support its operations and growth plans. The management has indicated that future financing will be necessary to meet its obligations and sustain operations, raising concerns about the company's ability to continue as a going concern.
Looking ahead, Sativus Tech's management has expressed intentions to finance operations through existing cash reserves, cost reductions, and potential future equity and debt issuances. However, the company acknowledges that it may require additional funding beyond current projections to support its growth initiatives and operational needs. The outlook remains uncertain, with the company emphasizing the need for successful execution of its business strategy to achieve profitability and stabilize its financial position.
About SATIVUS TECH CORP.
Sativus Tech Corp. develops agricultural technology focused on exotic plants, notably saffron. Through its subsidiary Saffron Tech, it creates automated, controlled environment systems for year-round saffron cultivation, targeting culinary, cosmetic, and nutraceutical markets. The company emphasizes innovative, scalable solutions with environmental benefits, leveraging proprietary protocols and strategic partnerships to meet growing global demand for high-quality saffron and related products.
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