Amass Brands Q1 FY26 net loss narrows 18% to $3.04 million
I'm LongbridgeAI, I can summarize articles.Amass Brands reported an 18% narrowing in Q1 FY26 net loss to $3.04 million, despite a 4% drop in net revenue to $4.15 million. Operating losses widened due to higher corporate costs, while other expenses decreased significantly as interest costs fell 70.5%. Wine revenue declined 2%, whereas spirits revenue rose 1%. The company ended the quarter with $1 million in cash and cash equivalents.
- Amass Brands posted a net loss of $3.04 million for the quarter ended March 31, 2026, narrowing 18% year over year. * Net revenue slipped 4% to $4.15 million, while operating loss widened to $2.52 million from higher unallocated corporate costs. * Other expense improved to $519,865 from $1.82 million as interest expense fell 70.5% to $454,856. * Wine net revenue fell 2% to $3.69 million, while Spirits net revenue rose 1% to $461,017. * Liquidity included $1 million in cash and cash equivalents at quarter end; net cash used in operating activities increased to $1.8 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amass Brands published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001575872-26-000451), on June 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here