HOOPS SCOUTING USA reported third-quarter 2026 results in its 10-Q with revenue of $20K and a net loss of $(37,135) for the three months ended March 31, 2026, compared with revenue of $20K and a net loss of $(9,757) in the year-ago quarter; diluted loss per share was $(0.00) in both periods.
Financial Highlights
- Revenue was $20K for 3Q 2026 (three months ended Mar 31, 2026), unchanged from the year-ago quarter (3Q 2025: $20K).
- Net income was a loss of $(37,135) for 3Q 2026, versus a loss of $(9,757) in the year-ago quarter.
- Diluted EPS was $(0.00) for 3Q 2026, unchanged from $(0.00) in the year-ago quarter.
Business Highlights
- Operations saw increased operating expenditures driven by higher administrative and professional costs supporting the business.
- Management notes uncertainty and substantial doubt about achieving positive cash flow; the company has reported no revenues to date beyond the quarter's $20K and depends on related-party support and future financing to continue operations.
- An inventory impairment reduced total assets, reflecting challenges in inventory management or valuation.
Original SEC Filing:
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