NAPC Defense 10-Q: $0 Revenue, $(0.01) EPS, Nine‑Month Net Loss $(1.77M)

NAPC Defense reported zero revenue and zero gross profit for the three and nine months ended January 31, 2026, and posted a net loss of $(1,771,934) for the nine months, resulting in a net loss per share of $(0.01). The company recorded a loss from operations of $(1,111,303) for the nine‑month period. These results reflect the company’s transition in business focus during the period. Financial Highlights Revenue: $0 for the three and nine months ended January 31, 2026 (prior nine months: $67,467).Gross profit: $0 for the three and nine months ended January 31, 2026 (prior nine months: $67,467).Operating income (loss): $(1,111,303) — loss from operations for the nine months ended January 31, 2026.Net income (loss): $(1,771,934) — net loss for the nine months ended January 31, 2026 (prior nine months: $(1,528,996)).Net loss per share: $(0.01) — loss per share, basic and diluted, continuing operations for the nine months ended January 31, 2026. Business Highlights Strategic rebrand and pivot: The company changed its corporate name to NAPC Defense and shifted its business focus from treasure recovery to defense products and services.Product and licensing strategy: Acquired rights to CornerShot technology and related intellectual property with plans for domestic production and licensed sales.Market channels and partnerships: Pursuing sales to military and law enforcement customers and targeting international opportunities, including a letter of intent/relationship tied to a potential contract in Saudi Arabia.R&D and product expansion: Plans to develop additional defense-related products including small arms, suppressors, protective gear, and to pursue munitions brokering under applicable State Department approvals.Original SEC Filing: NAPC Defense, Inc. [ BLIS ] - 10-Q - Mar. 17, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.