Business
The FUTR Corporation Reports Financial Results for Q1 2026
Three-Month Period Ended March 31, 2026Toronto, Ontario--(Newsfile Corp. - May 29, 2026) - The FUTR Corporation (TSXV: FTRC) (OTCQB: FTRCF) (FSE: QA20), creator of the FUTR Agent App which enables users to store, manage, access, and monetize their personal information and make intelligent payments (the "Company" or "FUTR"), today reported financial results for the three-month period ended March 31, 2026 (the "Quarter"). Period-over-period comparisons are made to the three-month period ended...
About this update from Futr Corporation
[{"type":"text","content":"Three-Month Period Ended March 31, 2026","length":39,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 29, 2026) - The FUTR Corporation (TSXV: FTRC) (OTCQB: FTRCF) (FSE: QA20), creator of the FUTR Agent App which enables users to store, manage, access, and monetize their personal information and make intelligent payments (the "Company" or "FUTR"), today reported financial results for the three-month period ended March 31, 2026 (the "Quarter"). Period-over-period comparisons are made to the three-month period ended March 31, 2025.","length":502,"tagName":"p"},{"type":"text","content":"Q1 2026 Financial Highlights (All figures in CAD)","length":49,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Bank processing fees of $1,009,851, an increase of 5.2% over Q1 2025;","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Enrollment fees of $557,102, compared to $601,576 in Q1 2025;","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"Total revenue of $1,619,045, compared to $2,145,143 in Q1 2025; the decrease was driven entirely by the discontinuation of Canadian Licensing revenue ($nil in Q1 2026 versus $508,332 in Q1 2025) following the impairment recorded in December 2025 as previously disclosed; ongoing operations revenue was $1,619,045 compared to $1,636,811 in Q1 2025, a decrease of 1.1%;","length":367,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $1,375,588; gross margin of 85%;","length":48,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted loss from operations of $(1,845,483), compared to $(685,695) in Q1 2025, excluding stock-based compensation of $546,807 and amortization of $331,012;","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss of $(2,642,018), or $(0.02) per share, compared to a net loss of $(1,645,745), or $(0.04) per share, in Q1 2025.","length":121,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":824,"olType":false},{"type":"text","content":"Subsequent Events","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Subsequent to the Quarter, the Company completed a financing of $4,750,000;","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 2026 produc...