Fabric.AI, Inc. (SBLX) Form 10-Q — May 15, 2026
Fabric.AI, Inc. (formerly StableX Technologies, Inc.) reported a net loss of $2.4 million for the first quarter of 2026, reflecting its transition from a cash-burning EV and digital-asset business to a pre-revenue AI semiconductor developer. The company changed its name and ticker from SBLX to FABC in April 2026 to align with its new strategic focus on MicroLED-based optical interconnects for AI data centers. In a significant subsequent event, Fabric.AI raised $21.5 million through a Series K private placement of convertible preferred stock, bringing its estimated cash position to approximately $30 million.
Key figures
- Revenue
- 0
- Total Debt
- 1603772
- Total Assets
- 9490973
- Cash Position
- 3263540
- Shares Outstanding
- 1455975
- Series k proceeds
- 21500000
- Q1 2025 net income
- 845011
- Q1 2026 operating loss
- 1701055
- Post filing cash estimate
- 30000000
- Kopin equity stake percent
- 19.9
- Kopin development commitment
- 15000000
Price after filing
Close on the filing date to close N calendar days later (from $4.20). Historical, not a forecast.
AI analysis
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