SATIVUS TECH CORP. (SATT) Form 10-Q — Aug 13, 2026
Sativus Tech Corp.'s 10-Q for the quarter ended June 30, 2026 raises substantial doubt about the company's ability to continue as a going concern. The company held just $85 thousand in cash against $3.9 million in current liabilities, with a $24.7 million accumulated deficit, a $3.6 million shareholders' deficit, and a $3.8 million working capital deficit. The pre-revenue agtech company narrowed its first-half net loss to $294 thousand from $520 thousand a year earlier, cutting R&D spend to $172 thousand from $328 thousand. Its business is developing automated saffron-growing systems through 54%-owned Israeli subsidiary Saffron Tech, which is still working toward a proof-of-concept rollout.
Key figures
- Eps
- -$0.04 (H1 2026 basic and diluted) vs -$0.08 (H1 2025)
- Net Income
- -$294 thousand (H1 2026) vs -$520 thousand (H1 2025)
- Total Debt
- $2,532 thousand convertible loans (current) plus $125 thousand related-party loans
- Total Assets
- $268 thousand (June 30, 2026)
- Cash Position
- $85 thousand (June 30, 2026) vs $32 thousand (Dec 31, 2025)
- Shares Outstanding
- 4215571
- Q2 net loss
- -$42 thousand (vs -$422 thousand Q2 2025)
- Ga expense h1
- $134 thousand (vs $145 thousand H1 2025)
- Rd expense h1
- $172 thousand (vs $328 thousand H1 2025)
- Operating loss h1
- -$306 thousand (vs -$473 thousand H1 2025)
- Accumulated deficit
- -$24,652 thousand
- Shareholders deficit
- -$3,625 thousand
- Operating cash flow h1
- -$173 thousand
- Saffron tech ownership
- 54%
- Working capital deficit
- -$3,789 thousand
- Historical reverse split
- 1-for-10 (December 2021)
- Total current liabilities
- $3,893 thousand
- Forbearance period through
- March 31, 2027
- Share price valuation input
- $0.07 (June 30, 2026) vs $0.14 (Dec 31, 2025)
AI analysis
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