--- title: "FUSEMACHINES INC C/WTS 22/10/2030(TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 1.879 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286632578.md" datetime: "2026-05-16T04:10:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286632578.md) - [en](https://longbridge.com/en/news/286632578.md) - [zh-HK](https://longbridge.com/zh-HK/news/286632578.md) generator: "portal-rs" --- # FUSEMACHINES INC C/WTS 22/10/2030(TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 1.879 M Revenue: As of FY2026 Q1, the actual value is USD 1.879 M. EPS: As of FY2026 Q1, the actual value is USD -0.03. EBIT: As of FY2026 Q1, the actual value is USD -2.981 M. #### Segment Revenue FUSEMACHINES INC. operates as a single segment focused on data engineering, AI consulting, and technical services . Total revenue for the three months ended March 31, 2026, was $1.88 million, a 4% decrease from $1.95 million in the same period of 2025, primarily due to lower revenue from AI Solutions (Products and Services) . - **Revenue by Customer Location (Q1 2026 vs. Q1 2025)**: - United States: $1.82 million, down from $1.88 million . - Rest of the world: $0.055 million, down from $0.073 million . - **Revenue by Service Type (Q1 2026 vs. Q1 2025)**: - AI Solutions (Products and Services): $1.87 million, compared to $1.95 million . Product revenue was insignificant for both periods . - AI Education Services: $0.007 million, up from nil . #### Operational Metrics (Three months ended March 31, 2026 vs. 2025) - **Net Loss**: Increased to -$0.87 million in 2026 from -$0.25 million in 2025, a 245% increase . - **Cost of Revenue**: Increased to -$0.93 million in 2026 from -$0.86 million in 2025, an 8% increase, mainly due to annual salary increments . - **Gross Profit**: Decreased to $0.95 million in 2026 from $1.09 million in 2025, a 13% decrease, resulting from lower sales and higher cost of revenue . - **Selling and Marketing Expenses**: Increased to $0.41 million in 2026 from $0.31 million in 2025, a 34% increase, primarily due to higher consulting fees . - **General and Administrative Expenses**: Increased to $3.27 million in 2026 from $1.93 million in 2025, a 69% increase, driven by a -$0.35 million rise in stock-based compensation expense from restricted stock units (RSUs), a -$0.37 million increase in professional services costs, and a -$0.32 million increase in payroll expenses . - **Research and Development Expenses**: Increased to $0.30 million in 2026 from $0.17 million in 2025, an 81% increase, primarily due to increased payroll expenses . - **Loss from Operations**: Increased to -$3.04 million in 2026 from -$1.32 million in 2025, a 131% increase . - **Interest Expense**: Decreased to -$0.05 million in 2026 from -$0.07 million in 2025, an 18% decrease, due to a lower outstanding balance of promissory notes after conversions to equity . - **Loss on Extinguishment of Convertible Notes Payable**: Was nil in 2026, compared to -$0.39 million in 2025 . - **Gain on Extinguishment of Payable**: Was $0.50 million in 2026, with no comparable amount in 2025, resulting from a settlement agreement with a former service provider . - **Gain on Change in Fair Value of Convertible Notes and Warrant Liability**: Was $0.06 million in 2026, a significant decrease from $1.52 million in 2025 . - **Gain on Change in Fair Value of Forward Purchase Derivative Liability**: Was $1.59 million in 2026, with no comparable amount in 2025 . - **Other (Expense) Income**: Increased to $0.075 million in 2026 from $0.004 million in 2025, primarily due to foreign exchange . - **Provision for Income Tax**: Was -$0.004 million in 2026, compared to nil in 2025 . - **Deemed Dividend related to Shortfall Warrants modification**: Was -$0.084 million in 2026, compared to nil in 2025 . - **Net Loss Attributable to Common Stakeholders**: Was -$0.96 million in 2026, compared to -$0.25 million in 2025 . - **Total Comprehensive Loss**: Was -$0.86 million in 2026, compared to -$0.25 million in 2025 . #### Cash Flow (Three months ended March 31, 2026 vs. 2025) - **Net Cash Used in Operating Activities**: Increased to -$2.22 million in 2026 from -$0.23 million in 2025, primarily due to higher selling and marketing, general and administrative, and research and development expenses, partially offset by a gain on extinguishment of payable and lower interest expense . - **Net Cash Used in Investing Activities**: Increased to -$0.06 million in 2026 from -$0.02 million in 2025, consisting of costs capitalized for internally developed software and purchases of property and equipment . - **Net Cash Used in Financing Activities**: Was -$0.17 million in 2026, compared to $0.18 million provided by financing activities in 2025, primarily due to payments for director and officer insurance liability . #### Future Outlook and Strategy FUSEMACHINES INC. faces substantial doubt about its ability to continue as a going concern, relying on continued financial support from stockholders and debt holders to generate profits and positive operating cash flows . While a Committed Equity Facility (CEF) for up to $20,000,000 was secured, no proceeds have been received, and funding is at the Company’s sole discretion with no assurance of availability . The company aims to mitigate risks from market competition and rapid technological changes through continuous innovation, differentiation, deep institutional capabilities, broad AI solutions, and investment in research and development . ### Related Stocks - [FUSEW.US](https://longbridge.com/en/quote/FUSEW.US.md) ## Related News & Research - [Watts Water Technologies (WTS) Runs Near Fair Value, Is The Stock Now Too Pricey?](https://longbridge.com/en/news/297071015.md) - [AMD Stock Alert: Raymond James Sees $201B Revenue Opportunity by 2030](https://longbridge.com/en/news/297224331.md) - [Emera targets 5%-7% adjusted EPS CAGR through 2030](https://longbridge.com/en/news/297648770.md) - [Dogecoin (DOGE) Five-Year Price Prediction: Can It Reach $10 by 2030?](https://longbridge.com/en/news/297430525.md) - [Prediction: Here's How Much Chevron Will Increase Its Dividend By 2030](https://longbridge.com/en/news/297421926.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**