MGNC Mag Magna Corp
AI brief AI-written, not reviewed by a person
Latest filings show Mag Magna Corp (MGNC) reporting negative operating income and net income for the most recent year, with total assets around 2.083 million and total liabilities near 1.789 million as of 2026-04-30, while revenue remains zero for the year. Share count increased to about 24.294 million by 2026-10-07, following prior periods with progressively lower counts. Cash and cash equivalents decreased to 8,057 USD as of 2024-10-31 from 11,535 USD a year earlier, indicating tighter liquidity in recent periods.
- Cash and equivalents declined to 8,057 USD as of 2024-10-31 from 11,535 USD as of 2024-01-31, indicating reduced cash holdings in the latest period reported within the sources. [1]
- 12 months to 2026-04-30, Diluted EPS (year) is -0.01 USD/shares, compared with 12 months to 2023-04-30: 0 USD/shares, showing negative earnings per share for the latest year versus break-even in the prior year. [1]
- Stockholders' equity at 2026-04-30 is 294,388 USD, significantly higher than prior periods (e.g., 2025-10-31: -44,012 USD; 2025-04-30: -83,298 USD), indicating a later improvement turning positive by 2026-04-30. [1]
- Net income (year) for 12 months to 2026-04-30 is -14,717,597 USD, versus -52,254 USD for the year to 2025-04-30, showing a substantial deterioration in annual net income in the latest year. [1]
- Operating cash flow (year) for 12 months to 2026-04-30 is -306,742 USD, versus -59,584 USD for 12 months to 2025-04-30, indicating worsening cash from operations in the latest year. [1]
- Revenue (year) for 12 months to 2026-04-30 is 0 USD, unchanged from the prior year 2025-04-30 (0 USD), implying no recognized annual revenue in these periods. [1]
- Shares outstanding as of 2026-10-07 are 24,294,047, up from 5,829,047 in mid-2025, indicating a large increase in issued shares within the observed window. [1]
- Total assets as of 2026-04-30 are 2,083,325 USD, and total liabilities are 1,788,937 USD, reflecting a net asset position approaching positive territory after several deficits in prior periods. [1][2]
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).
What the sources did not support
- No source provides a consolidated quarterly revenue for 2026 beyond the 3-month period entries; several figures are year-specific without cross-period comparison details.
- No explicit comments on burn rate, liquidity ratios, or sufficiency of cash to fund operations beyond single-item cash figures.
- Some observations depend on two different filing dates for shares outstanding and balance sheet items; exact consistency across periods is not harmonized within a single period.
Observations
| Metric | Value | Observed | Source | Retrieved | Freshness |
|---|---|---|---|---|---|
| Revenue (quarter) (3 months to 2026-01-31) | 0 USD | sec-companyfacts | current | ||
| Revenue (year) (12 months to 2026-04-30) | 0 USD | sec-companyfacts | current | ||
| Net income (quarter) (3 months to 2026-01-31) | -131,125 USD | sec-companyfacts | current | ||
| Net income (year) (12 months to 2026-04-30) | -14,717,597 USD | sec-companyfacts | current | ||
| Operating income (quarter) (3 months to 2026-01-31) | -131,125 USD | sec-companyfacts | current | ||
| Operating income (year) (12 months to 2026-04-30) | -13,671,454 USD | sec-companyfacts | current | ||
| Diluted EPS (quarter) (3 months to 2026-01-31) | -0.02 USD/shares | sec-companyfacts | current | ||
| Diluted EPS (year) (12 months to 2024-04-30) | -0.01 USD/shares | sec-companyfacts | current | ||
| Operating cash flow (quarter) (3 months to 2025-07-31) | -66,507 USD | sec-companyfacts | current | ||
| Operating cash flow (year) (12 months to 2026-04-30) | -306,742 USD | sec-companyfacts | current | ||
| Total assets (at 2026-04-30) | 2,083,325 USD | sec-companyfacts | current | ||
| Total liabilities (at 2026-04-30) | 1,788,937 USD | sec-companyfacts | current | ||
| Stockholders' equity (at 2026-04-30) | 294,388 USD | sec-companyfacts | current | ||
| Cash and equivalents (at 2024-10-31) | 8,057 USD | sec-companyfacts | current | ||
| Shares outstanding (at 2026-10-07) | 24,294,047 shares | sec-companyfacts | current |
Context
No reviewed context has been published for MGNC. 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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Machine-readable: MGNC.json (the same data with every timestamp and source).
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