I-ON Digital Corp. (IONI) Form 8-K — May 21, 2026
I-ON Digital Corp. reported first-quarter 2026 net income of $4.2 million, primarily driven by a $4.1 million gain on the sale or exchange of digital assets, despite an operating loss of $116,429 from core business operations. The company significantly strengthened its balance sheet by eliminating $781,000 in accrued interest and retiring $550,000 in loans payable, reducing total debt to zero and increasing stockholders’ equity by more than $4.1 million.
Key figures
- Eps
- 0.04
- Revenue
- 301711
- Net Income
- 4149246
- Total Debt
- 0
- Total Assets
- 22920000
- Cash Position
- 193012
- Debt Retired
- 1331000
- Intangible Assets
- 22490000
- Gain On Digital Assets
- 4100000
Price after filing
1 day: -8.5%7 days: +42.5%30 days: -15.0%
Close on the filing date to close N calendar days later (from $0.20). Historical, not a forecast.
AI analysis
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