KARX Karbon-X Corp.
AI brief AI-written, not reviewed by a person
Latest filings show Karbon-X Corp. (KARX) reporting negative stockholders’ equity and continuing losses, with 12-month revenue of 55,860,322 USD in the year ending 2026-05-31 and 12-month net income of -13,589,546 USD in the same period; total assets around 7.67 million USD and total liabilities about 16.61 million USD as of 2026-08-31, while long-term debt stood at 4.89 million USD at that date. Shares outstanding increased to 109,231,993 by 2026-10-15. The latest quarterly results for 2026 show continued negative operating cash flow (-1,198,464 USD in the quarter to 2026-08-31) and negative net income (-3,955,038 USD in the quarter to 2026-08-31).
- For the year ended 2026-05-31, revenue was 55,860,322 USD and net income was -13,589,546 USD, with operating cash flow of -7,861,240 USD and operating income of -11,065,557 USD; this period contrasts with the prior year revenue of 3,163,772 USD and net income of -7,053,492 USD, indicating a substantial year-over-year deterioration in top-line and profitability metrics. [1][2][3][4]
- As of 2026-08-31, stockholders’ equity is negative at -8,943,723 USD, and total liabilities are 16,612,907 USD, with total assets 7,669,184 USD, reflecting a leveraged balance sheet with equity deficit widening through 2026. [1][2][3]
- Long-term debt reported at 4,887,698 USD on 2026-08-31, up from 4,880,960 USD on 2026-05-31, indicating small incremental debt at the end of the period. [1]
- Net income for the quarter ended 2026-08-31 is -3,955,038 USD, with revenue for the quarter at 343,967 USD, illustrating continuing quarterly losses despite a relatively small quarterly revenue figure. [1][2]
- Shares outstanding reached 109,231,993 shares as of 2026-10-15, up from 89,168,144 on 2026-04-17, signaling significant share count expansion within the latest filings. [1]
Written by OpenVibe.AI from the SEC numbers and filings on this page, not reviewed by a person. Informational only; not investment advice. Written from figures and filings up to (gpt-5-nano-2025-08-07).
Observations
| Metric | Value | Observed | Source | Retrieved | Freshness |
|---|---|---|---|---|---|
| Revenue (quarter) (3 months to 2026-08-31) | 343,967 USD | sec-companyfacts | current | ||
| Revenue (year) (12 months to 2026-05-31) | 55,860,322 USD | sec-companyfacts | current | ||
| Net income (quarter) (3 months to 2026-08-31) | -3,955,038 USD | sec-companyfacts | current | ||
| Net income (year) (12 months to 2026-05-31) | -13,589,546 USD | sec-companyfacts | current | ||
| Operating income (quarter) (3 months to 2026-08-31) | -2,632,354 USD | sec-companyfacts | current | ||
| Operating income (year) (12 months to 2026-05-31) | -11,065,557 USD | sec-companyfacts | current | ||
| Diluted EPS (quarter) (3 months to 2026-08-31) | -0.04 USD/shares | sec-companyfacts | current | ||
| Diluted EPS (year) (12 months to 2026-05-31) | -0.16 USD/shares | sec-companyfacts | current | ||
| Operating cash flow (quarter) (3 months to 2026-08-31) | -1,198,464 USD | sec-companyfacts | current | ||
| Operating cash flow (year) (12 months to 2026-05-31) | -7,861,240 USD | sec-companyfacts | current | ||
| Total assets (at 2026-08-31) | 7,669,184 USD | sec-companyfacts | current | ||
| Total liabilities (at 2026-08-31) | 16,612,907 USD | sec-companyfacts | current | ||
| Stockholders' equity (at 2026-08-31) | -8,943,723 USD | sec-companyfacts | current | ||
| Cash and equivalents (at 2024-11-30) | 1,459,680 USD | sec-companyfacts | current | ||
| Long-term debt (at 2026-08-31) | 4,887,698 USD | sec-companyfacts | current | ||
| Shares outstanding (at 2026-10-15) | 109,231,993 shares | sec-companyfacts | current |
Context
No reviewed context has been published for KARX. The observations and documents below are shown as their sources stated them.
Documents
Source freshness
| Source | Freshness | Last successful fetch | Stale after | Sources reports |
|---|---|---|---|---|
| SEC EDGAR: company financial facts (XBRL) sec-companyfacts | current | 10080 min | ok | |
| SEC EDGAR: latest XBRL filings sec-xbrl-filings | current | 45 min | healthy |
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