BARNWELL INDUSTRIES INC (BRN) Form 10-Q — May 20, 2026
Barnwell Industries reported a net loss of $2.6 million for the six months ended March 31, 2026, and included a 'Going Concern' warning in its 10-Q, casting doubt on its ability to continue operations without further capital raises or asset sales. Revenue declined nearly 30% year-over-year to $5.3 million, driven by the prior-year sale of U.S. oil and gas assets and natural production declines in its remaining Canadian properties. The company generated a net cash burn of $2.4 million from operating activities, offset partially by $3.3 million in financing proceeds from a private placement and at-the-market equity offerings.
Key figures
- Revenue
- 5281000
- Total Debt
- 0
- Total Assets
- 21547000
- Cash Position
- 4016000
- Shares Outstanding
- 14395560
- Working Capital
- 2152000
- Gross Proceeds ATM
- 1133000
- Equity In Income Affiliates
- 338000
- Gross Proceeds Private Placement
- 2443000
Price after filing
Close on the filing date to close N calendar days later (from $1.13). Historical, not a forecast.
AI analysis
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