AURA SYSTEMS INC (AUSI) Form 10-Q — Oct 20, 2026
Aura Systems' fiscal Q2 10-Q carries substantial-doubt going-concern language: the company holds just $13 thousand of cash, has a $50.3 million shareholders' deficit, and $5.4 million of past-due notes. It estimates it needs at least $3 million of additional funding for Fiscal 2027 and has no bank line of credit. Six-month revenue collapsed to $36 thousand from $185 thousand a year ago as the company shifts to a new prototype, and the six-month net loss was $5.0 million. Q2 alone showed net income of $3.4 million, but this was driven by a $4.8 million non-cash gain on its derivative liability, not operations.
Key figures
- Revenue
- 36000
- Total Debt
- 51798000
- Total Assets
- 1509000
- Cash Position
- 13000
- Shares Outstanding
- 147967526
- Q2 revenue
- 34000
- Q2 net income
- 3396000
- Past due notes
- 5446000
- Accrued interest
- 5380000
- Authorized shares
- 150000000
- Going concern doubt
- Yes
- Stock price valuation input
- 0.23
- Derivative liability fair value
- 26227000
- Unissued subscription liability
- 1019000
- Additional capital needed fy2027
- 3000000
AI analysis
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