Hammer Fiber Optics Holdings CORP 10-Q quarterly reports

Hammer Technology Holdings Corp. reports continued operational losses and negative working capital, focusing on its fintech initiatives after divesting telecommunications assets.

Hammer Technology Holdings Corp. reported a reduced net loss for Q1 2026, driven by lower operating expenses, but continues to face substantial doubt about its ability to continue as a going concern due to lack of revenue and working capital deficiency.

Hammer Technology Holdings reported a net income for the nine months ended April 30, 2025, primarily driven by the divestiture of its telecommunications assets, while continuing operations show no revenue and a significant working capital deficiency, raising substantial doubt about its ability to continue as a going concern.

Hammer Technology Holdings has completed the divestiture of its telecommunications assets to focus entirely on its HammerPay fintech platform, reporting a net income for the period primarily due to a significant gain on disposal, while continuing operations show no revenue and increased losses.

Hammer Fiber Optics Holdings Corp. reports a net loss for the quarter ended October 31, 2024, and completes the sale of its telecommunications assets to focus on fintech initiatives.

Hammer Technology Holdings saw a slight increase in revenue but a significant widening of net losses in the third quarter of 2024 compared to the same period last year.

Hammer Technology Holdings reported a net income of $12,661 for the three months ended January 31, 2024, a significant improvement compared to a loss of $338,553 in the same period last year, while also restating prior financials and acknowledging going concern risks.

Hammer Technology Holdings saw a 13.82% increase in revenue and a reduced operating loss in the first quarter of fiscal year 2024 compared to the same period last year.