CHASE PACKAGING CORP reported results for the first quarter of 2026 showing no operating revenue, net loss of $(153,777) versus a loss of $(14,507) in the year-ago quarter, and diluted EPS of $(0.00), unchanged from Q1 2025.
Financial Highlights
- Revenue was $0 for Q1 2026, unchanged from $0 in Q1 2025.
- Net income was a loss of $(153,777) for Q1 2026, compared with a loss of $(14,507) in Q1 2025.
- Diluted EPS was $(0.00) for Q1 2026, unchanged from $(0.00) in Q1 2025.
Business Highlights
- No operating revenue was generated; the company reported only interest income from short-term investments and no operational sales activity.
- Operating expenses were stable quarter-over-quarter, driven primarily by payroll and corporate maintenance costs.
- A non-cash expense related to the extension of warrant expirations materially increased the net loss for the quarter.
- Cash and equivalents held in short-term securities are considered sufficient to fund reporting and the company's search for an acquisition for at least 12 months, though management expects steady reporting costs and potential higher expenses while pursuing a business combination or merger.
Original SEC Filing:
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