---
title: "CEA INDUSTRIES INC C/WTS 11/02/2027 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 4.58 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258414441.md"
datetime: "2025-09-22T21:14:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258414441.md)
  - [en](https://longbridge.com/en/news/258414441.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258414441.md)
generator: "portal-rs"
---

# CEA INDUSTRIES INC C/WTS 11/02/2027 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 4.58 M

Revenue: As of FY2026 Q1, the actual value is USD 4.58 M.

EPS: As of FY2026 Q1, the actual value is USD -6.94.

EBIT: As of FY2026 Q1, the actual value is USD -5.374 M.

### Segment Revenue

-   **CEA Equipment and Systems Sales**: $106,827 (Successor).
-   **CEA Engineering and Other Services**: $49,146 (Successor).
-   **CEA Shipping and Handling**: $988 (Successor).
-   **Retail Vape Sales**: $4,182,722 (Successor), $2,717,341 (Predecessor), $6,061,541 (Predecessor).
-   **E-commerce Vape Sales**: $220,675 (Successor), $165,818 (Predecessor), $735,688 (Predecessor).
-   **Factory Direct Wholesale Vape Sales**: $7,064 (Successor), $794 (Predecessor), $7,766 (Predecessor).
-   **Franchise Fee Vape Sales**: $0 (Successor), $0 (Predecessor), $122,887 (Predecessor).
-   **Other Vape Sales**: $12,336 (Successor), $43,736 (Predecessor), $30,389 (Predecessor).

### Operational Metrics

-   **Gross Profit**: $1,372,592 (Successor), $926,152 (Predecessor), $2,903,948 (Predecessor).
-   **Operating Expenses**: $7,013,672 (Successor), $905,550 (Predecessor), $2,039,978 (Predecessor).
-   **Operating Loss**: -$5,641,080 (Successor), $20,602 (Predecessor), $863,970 (Predecessor).
-   **Net Income (Loss)**: -$5,848,397 (Successor), $19,013 (Predecessor), $708,423 (Predecessor).

### Cash Flow

-   **Net Cash Used in Operating Activities**: -$1,725,439 (Successor), -$238,442 (Predecessor), -$1,985 (Predecessor).
-   **Net Cash Used in Investing Activities**: -$10,644,080 (Successor), $0 (Predecessor), $0 (Predecessor).
-   **Net Cash Provided by Financing Activities**: $3,910,282 (Successor), $0 (Predecessor), $0 (Predecessor).

### Unique Metrics

-   **Allowance for Doubtful Accounts**: $86,000 (Successor).
-   **Deferred Revenue**: $433,122 (Successor).
-   **Warranty Reserve**: $49,124 (Successor).

### Future Outlook and Strategy

#### Core Business Focus

-   **BNB Treasury Strategy**: The company plans to use the net proceeds from the recent offering primarily to acquire BNB and engage in income-producing activities from the BNB held in treasury, including validation services, lending, or other decentralized finance services.
-   **Revenue Recognition**: The company expects to recognize all the revenue from the remaining backlog in 2025, although there is significant uncertainty regarding the timing of revenue recognition.

#### Non-Core Business

-   **Acquisition of Fat Panda**: The company completed the acquisition of Fat Panda, a leading retailer and manufacturer of vaping products in central Canada, which is expected to enhance its market share and product offerings.

#### Priority

-   **Private Placement Offering**: The company closed a private placement offering on August 5, 2025, delivering $500,000,000 in gross proceeds, with up to an additional $750,000,000 potentially receivable from the exercise of stapled warrants.
-   **Asset Management Agreement**: The company entered into an asset management agreement with 10X Capital Partners LLC to manage its digital assets in accordance with a defined treasury strategy focused on BNB and BNB equivalents.

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- [BNCWW.US](https://longbridge.com/en/quote/BNCWW.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**