Silo Pharma Q1 FY26 net loss widens 59.7% to $1.65 million

• Silo Pharma posted a wider net loss of USD 1.65 million, versus a 59.7% increase from the year-ago quarter, as operating loss widened 45.7% to USD 1.59 million.
• Revenue was flat at USD 18,026, while cost of revenues more than doubled to USD 20,688, swinging gross profit to a loss of USD 2,662.
• Operating expenses climbed 43.33% to USD 1.59 million, led by research and development expense rising 70.6% to USD 1.01 million.
• Other expense turned to USD 52,457 from other income a year earlier, driven by unrealized loss on crypto assets of USD 53,348 and impairment loss of USD 29,911.
• Business updates included a USD 714,000 software asset acquisition tied to qwikagents.com, formation of wholly owned subsidiary Qwikagentsai, and a stock repurchase authorization of up to USD 1 million through Dec. 31, 2026 with no shares repurchased as of March 31.

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