NXT Energy Solutions Inc. (NSFDF) Form 6-K — May 20, 2026
NXT Energy Solutions reported a net loss of $2.42 million for the first quarter of 2026, driven by a 99% year-over-year revenue decline to $107,801 as the company shifted from active survey acquisition to data interpretation phases. The filing includes explicit going-concern language, stating that material uncertainties cast substantial doubt on the company’s ability to continue operations for the next year due to insufficient cash to meet obligations.
Key figures
- Revenue
- 107801
- Cash Position
- 1604100
- Ga Expenses
- 1717190
- Amortization
- 475536
- Deferred Revenue
- 482189
- Sfd Related Costs
- 411139
- Net Working Capital
- 3925348
- Shares Outstanding
- 119461425
- Short Term Investments
- 417478
- Stock Based Compensation
- 336678
- Mobilization Fee Received
- 346500
- Total Cash And Short Term Investments
- 2021578
- Accounts Receivable Collected Post Period
- 1541220
AI analysis
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