Gaxos net loss more than doubles to $2.47 million in Q1 FY26; revenue rises to $1.81 million

• Gaxos.ai posted a net loss of USD 2.47 million for the quarter ended March 31, 2026, widening from USD 1.23 million a year earlier; net loss attributable to common shareholders widened to USD 2.17 million, or USD 0.25 per share.
• Revenue climbed to USD 1.81 million from USD 23,732, led by USD 1.25 million from RNK Health administrative services and USD 563,458 from subscriptions tied to Art-Gen.ai, UnGPT.ai, and Bible Pray AI.
• Operating loss widened 83% to USD 2.55 million as operating expenses more than tripled to USD 4.36 million on higher advertising and marketing spend of USD 2.77 million.
• Cash used in operations was USD 2.49 million; cash totaled USD 1.51 million with short-term investments of USD 10.2 million at quarter-end.
• Issued 3,096,481 shares via at-the-market program for net proceeds of about USD 5.3 million during the quarter.

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. Gaxos.ai 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: 0001213900-26-056583), on May 14, 2026, and is solely responsible for the information contained therein.