Zero Q3 Revenue and a $532K Loss: HNO International's Toxic Convertible Debt Converts at $0.0105
HNOI sits 28% above its 52-week low of $0.016 on elevated volume (8.9× avg).
Summary
Zero Q3 revenue, a $532K quarterly loss, and only $69K in cash define HNO International's latest quarter. Toxic convertible notes are converting at prices as low as $0.0105, with 1.64M shares issued in August-September 2026 and a new $210K CFI Capital note adding further dilution pressure.
Key Events · Earnings and Guidance · HNOI
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Zero Q3 Revenue, $532K Loss
No revenue was recognized in the three months ended July 31, 2026, resulting in a net loss of $532,209. Nine-month revenue totaled just $33,821 with a $1.16M net loss.
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Toxic Convertible Notes Converting
Subsequent events show 1,638,443 shares issued in August-September 2026 upon partial note conversions at prices as low as $0.0105 per share—60% of the lowest 20-day trading price.
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New $210K CFI Capital Note
On September 4, 2026, a $210,000 convertible note was issued to CFI Capital with 49,295,775 shares reserved for conversion at 60% of the lowest 20-day trading price.
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Going Concern Reiterated
Management states substantial doubt exists about the company's ability to continue as a going concern within one year. Cash stands at $69,427 with a $3.03M working capital deficit.
Analysis · HNOI · Energy & Transportation
The Q3 FY2026 10-Q from HNO International confirms zero revenue for the quarter and a net loss of $532,209, while its toxic convertible notes are already converting into common stock at deeply discounted prices as low as $0.0105 per share. A $450,164 derivative liability stems from those notes, alongside a $3.03 million working capital deficit and only $69,427 in cash. Management reiterates substantial doubt about the company's ability to continue as a going concern. The subsequent events section reveals that 1.64 million shares were issued in August and September 2026 as note holders converted at 60% of the lowest 20-day trading price—a death-spiral financing dynamic actively diluting shareholders. Additionally, a new $210,000 convertible note was issued to CFI Capital on September 4, 2026, with 49.3 million shares reserved for conversion. This filing quantifies the full extent of the dilution and distress that prior 8-Ks only partially disclosed.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 43.2% of the 271 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.30%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HNOI was trading at $0.02 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $2M. The 52-week trading range was $0.02 to $0.66. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.