--- title: "FabricAI | 10-Q: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/286632443.md" datetime: "2026-05-16T04:06:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286632443.md) - [en](https://longbridge.com/en/news/286632443.md) - [zh-HK](https://longbridge.com/zh-HK/news/286632443.md) --- # FabricAI | 10-Q: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD -2.42. EBIT: As of FY2026 Q1, the actual value is USD -1.711 M. Fabric.AI, Inc. operates as a single reportable segment, focusing on the design and development of fabless semiconductor technologies for AI data center infrastructure. The company reported no revenue and a gross loss of $0 for the three months ended March 31, 2026, and 2025, and does not anticipate generating revenue until its products, such as the Neural I/o™ chip, are successfully developed and commercialized. #### Operational Metrics - **Research and Development (R&D) Expense**: R&D expense decreased by $182,866, or 59.4%, to $124,864 for the three months ended March 31, 2026, compared to $307,730 for the same period in 2025, primarily due to the substantial completion of R&D design and re-engineering of the Vanish. Future R&D expenses are anticipated to increase as development activities for the Neural I/o™ chip accelerate. - **General and Administrative (G&A) Expense**: G&A expense decreased by $89,631, or 5.4%, to $1,576,191 for the three months ended March 31, 2026, from $1,665,822 in the prior year period. This reduction was mainly due to a $520,720 decrease in salaries and related consulting expenses, partially offset by a $611,468 increase in warrant expense. - **Total Operating Expenses**: Total operating expenses for the three months ended March 31, 2026, were $1,701,055, down $272,497 from $1,973,552 in the corresponding period of 2025. - **Loss from Operations**: Loss from operations improved to -$1,701,055 for the three months ended March 31, 2026, compared to -$1,973,552 for the same period in 2025. - **Other Income (Expense), Net**: Total other income (expense), net, was -$713,420 for the three months ended March 31, 2026, a decrease of $3,531,983 compared to $2,818,563 for the same period in 2025. Key changes include interest income decreasing from $26,240 in 2025 to $10,001 in 2026, a -$6,000 change in fair value - derivative liability in 2026 (down from $1,531,000 in 2025), and an unrealized loss from remeasurement on digital assets of -$613,663 in 2026 with no comparable loss in 2025. - **Net Income (Loss)**: Fabric.AI, Inc. reported a net loss of -$2,414,475 for the three months ended March 31, 2026, compared to a net income of $845,011 for the same period in 2025. #### Cash Flow - **Net Cash Used in Operating Activities**: Net cash used in operating activities decreased to -$1,095,447 for the three months ended March 31, 2026, compared to -$1,476,150 for the same period in 2025, representing an improvement of $380,703 due to better operating results and non-cash adjustments. - **Net Cash Provided by (Used in) Investing Activities**: Investing activities used -$218,982 in cash for the three months ended March 31, 2026, a decrease of $1,968,444 from $1,749,462 provided in the prior year, mainly due to lower activity in marketable securities. - **Net Cash Used in Financing Activities**: Financing activities used -$403,531 in cash for the three months ended March 31, 2026, a decrease of $3,142,440 from -$3,545,971 in the prior year, primarily due to lower cash outflows from preferred stock redemptions. #### Liquidity and Capital Resources As of March 31, 2026, Fabric.AI, Inc. had $3,263,540 in cash and cash equivalents, $110,562 in restricted cash, and $3,416,475 in marketable securities. Post-March 31, 2026, the company completed financing transactions, raising $21,500,000 in gross proceeds from a private placement of Series K Convertible Preferred Stock and warrants. As of the filing date, Fabric.AI, Inc. had approximately $30 million in cash and cash equivalents, which management believes is sufficient to fund operations for at least the next twelve months. #### Strategic Outlook Fabric.AI, Inc. initiated a strategic transition in April 2026 to focus on designing and developing fabless semiconductor technologies for AI data center infrastructure, specifically MicroLED-based optical interconnects. The company plans to develop the Neural I/o™ chip in collaboration with Kopin Corporation, with an initial development cost of up to $15,000,000 and an additional $15,000,000 to $25,000,000 expected for production deployment after a successful prototype. The strategy also involves expanding into other system-critical semiconductor technologies for AI workloads and pursuing strategic relationships with leading AI and hyperscale technology companies. ### Related Stocks - [FABC.US](https://longbridge.com/en/quote/FABC.US.md) ## Related News & Research - [Fabric.AI (Nasdaq: FABC) Targets Demonstration of Neural I/o™ MicroLED Interconnect Platform by Late 2026 | FABC Stock News](https://longbridge.com/en/news/286777672.md) - [12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session](https://longbridge.com/en/news/286469569.md)