PreAxia FY26 expenses more than doubled to $992,700; posts no revenue - PAXH News | RalliesPreAxia FY26 expenses more than doubled to $992,700; posts no revenue
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PAXH• FY26 results show higher expenses and no revenue
- Preaxia posted no revenue in fiscal 2026, unchanged from fiscal 2025; total expenses jumped to $992,700 from $152,124.
- Research and development costs rose to $307,605 from nil, due to the design of new software products.
- Loss on settlement swung to $169,143 from a $70,114 gain, due to debt conversions at below-market stock prices.
- Cash ended the year at $1,003; working capital deficit narrowed to $966,177 from $2.31 million.
- Strategy centers on launching health payment services in Canada; Zane subsidiaries are developing an AI-driven personal finance platform.
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