---
title: "First Breach: Net loss widened to $28.5M despite revenue growth, with substantial going concern risks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297370199.md"
description: "Revenue rose 226% year-over-year to $361,357, but net loss widened to $28.5 million due to high stock-based compensation and operating expenses. The company completed a Nasdaq listing, converted major debt to equity, and faces substantial going concern risks amid ongoing losses and negative cash flow.Original document: First Breach SEC 10-Q Quarterly Report — Aug. 28 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-08-28T21:13:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297370199.md)
  - [en](https://longbridge.com/en/news/297370199.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297370199.md)
generator: "portal-rs"
---

# First Breach: Net loss widened to $28.5M despite revenue growth, with substantial going concern risks

Revenue rose 226% year-over-year to $361,357, but net loss widened to $28.5 million due to high stock-based compensation and operating expenses. The company completed a Nasdaq listing, converted major debt to equity, and faces substantial going concern risks amid ongoing losses and negative cash flow.

Original document: First Breach SEC 10-Q Quarterly Report — Aug. 28 2026

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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