Karbon-X Q1 FY27 net loss widens 58% year on year to $4.1 million
KARX•Karbon-X’s Q1 FY27 net loss widened 58% year over year to approximately $4.1 million, while revenue fell 99% to $343,967 after a planned reduction in high-volume, low-margin industrial trading. Gross margin rose to 32%, and net cash used in operating activities declined 55% to $1.2 million.
1. Quarterly results
Karbon-X reported a Q1 FY27 net loss of approximately $4.1 million, up 58% year over year, as revenue dropped 99% to $343,967 following a planned reduction in high-volume, low-margin industrial trading. Gross margin increased to 32% on a higher-margin mix, and net cash used in operating activities fell 55% to $1.2 million.
2. Revenue and project updates
Deferred revenue increased 13% from May 31, 2026, to $4.3 million at August 31, 2026. The Senegal mangrove initiative advanced with a $540,000 development-cost advance invoiced under its offtake agreement.
