DNA X Q1 FY26 swings to net income of $6.34 million

• DNA X posted net income of $6.34 million for the quarter ended March 31, 2026, swinging from a profit of $458,000 a year earlier.
• General and administrative expense rose to $3.62 million from $870,000, driving a net loss from continuing operations of $3.93 million versus $961,000.
• Revenue from continuing operations was absent as the phone and hotspot business was classified as discontinued operations, while income from discontinued operations climbed to $10.27 million from $1.42 million.
• The company closed the sale of its mobile device assets to NEXA Mobility on Jan. 23 for $15 million less a $1.5 million working-capital adjustment, including $12 million paid at closing and $1.5 million due in October 2026.
• Cash and cash equivalents ended the quarter at $1.2 million; the company also agreed on May 20 to raise $1.8 million by issuing new debt to support its AI and crypto trading business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DNA X Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-024639), on May 20, 2026, and is solely responsible for the information contained therein.