Onar net loss narrows 12% to $1.13 million in Q1 FY26; revenue rises 39% to $1.02 million

Onar posted a net loss of $1.13 million, narrowing 12% from the year-earlier quarter.

Revenue rose 39% to $1.02 million, driven by the inclusion of agencies acquired during 2025.

Management highlighted a $10.4 million working capital deficit, citing plans to refinance near-term debt and expand ONAR Labs initiatives including Sour Grapes and Retina AI.

Operating expenses fell 66% to $381,882, mainly on lower stock-based compensation, professional fees, and compliance costs.

Interest expense more than quadrupled to $802,502, reflecting higher interest costs and amortization of debt discount tied to 2025–2026 borrowings.