Dalrada Technology Group, Inc. (DFCO) Form 10-Q — May 20, 2026

Dalrada Technology Group reported a net loss of $14.8 million for the nine months ended March 31, 2026, with revenues declining 27.6% year-over-year to $9.9 million. The company disclosed a working capital deficit of $19.9 million and cash reserves of only $411,932, raising substantial doubt about its ability to continue as a going concern. Management identified a material weakness in internal controls over financial reporting, citing deficiencies in preparing adequate schedules and revenue recognition across consolidated entities. The company is currently engaged in multiple litigation matters, including a breach of contract suit by Asset Group Inc.

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