Forge Innovation Development CORP
Market Movers (8-K)
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Forge Innovation Development Corp. has divested its 51% partnership interest in Legend International Investment LP, recovering 1.97 million shares of its common stock, due to Legend LP's severe financial hardship.
Delay expected
Worse than expected
Quarterly Earnings (10-Q)
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Forge Innovation Development Corp. reported a net loss of $1.04 million for the nine months ended September 30, 2025, and divested its 51% interest in Legend LP, leading to significant balance sheet changes and a going concern warning.
Worse than expected
Delay expected
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Forge Innovation Development Corp. reported reduced net losses but faces substantial doubt about its ability to continue as a going concern due to persistent accumulated deficits and worsening negative working capital.
Delay expected
Worse than expected
Capital raise
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Forge Innovation Development Corp. saw a revenue increase in Q1 2025 compared to Q1 2024, but continues to face net losses and going concern challenges.
Worse than expected
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Forge Innovation Development Corp. saw a 34% increase in rental income year-over-year for the third quarter of 2024, driven by the acquisition of Legend LP.
Worse than expected
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Forge Innovation Development Corp. experienced a net loss of $1.37 million for the six months ended June 30, 2024, despite a significant increase in rental income, due to higher operating expenses and share-based compensation.
Worse than expected
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Forge Innovation Development Corp.'s Q1 2024 revenue increased significantly due to the acquisition of Legend LP, though the company still faces going concern challenges.
Worse than expected
Annual Reports (10-K)
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Forge Innovation Development Corp.'s 2024 10-K filing reveals a revenue increase driven by the Legend LP acquisition, but also highlights substantial doubt about the company's ability to continue as a going concern due to recurring losses and negative cash flow.
Worse than expected
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Forge Innovation Development Corp. has filed an amendment to its annual report to correct the date of the auditor's report and include specific language in certifications, while also disclosing material weaknesses in internal controls.
Worse than expected
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10-K: Forge Innovation Development Corp. Reports Increased Revenue Following Legend LP Acquisition in 2023
Forge Innovation Development Corp. saw a significant revenue increase in 2023 due to the acquisition of Legend LP, a real estate investment company.
Worse than expected