New Era Energy & Digital restates Q1 net loss to $10.82 million, widens loss per share to $0.19
NUAI•Q1 restatement increases loss
New Era Energy & Digital filed a restated quarterly report for the three months ended March 31, 2026.
Net loss was restated to $10.82 million, or $0.19 per share, versus $8.99 million, or $0.16, previously reported.
Accounting corrections behind the revision
The restatement was driven by misapplied stock-compensation accounting for executive PSUs, including understated grant-date fair value and incorrect straight-line expense attribution.
General and administrative expense was also corrected for $1.63 million of professional fees reclassified to capitalized or deferred transaction costs, and interest expense rose $93,204.
Audit committee says prior statements should not be relied upon
The audit committee concluded on July 24, 2026 that the original unaudited March 31, 2026 financial statements should no longer be relied upon.
