Jubilant Flame Reports Q2 Loss, Going-Concern Warning Persists
JFIL sits 43% above its 52-week low of $0.958.
Summary
Jubilant Flame's Q2 FY2027 10-Q shows a $15,277 quarterly loss, no revenue, and a going-concern warning. Cash fell to $1,660 while related-party loans grew to $845,616.
Key Events · Earnings and Guidance · JFIL
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Q2 Net Loss of $15,277
Net loss for the three months ended August 31, 2026 was $15,277, up from $13,312 a year earlier. Six-month loss was $45,008 versus $32,502.
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Cash Drops to $1,660
Cash and equivalents fell from $4,175 at February 28, 2026 to $1,660 at August 31, 2026, funded only by $29,981 in new related-party loans.
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Going-Concern Warning Reiterated
Working capital deficit widened to $1,465,100 and accumulated deficit reached $3,954,131. Management states substantial doubt about the company's ability to continue as a going concern.
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Disclosure Controls Not Effective
The CEO and CFO concluded that disclosure controls and procedures were not effective as of August 31, 2026.
Analysis · JFIL · Technology
The company remains pre-revenue with only $1,660 in cash and a $1.47 million working capital deficit. It is surviving on demand loans from its CEO, which increased by $29,981 during the quarter. Management again states substantial doubt about its ability to continue as a going concern, and the filing discloses that disclosure controls were not effective. For a micro-cap with no revenue, the cash runway is measured in weeks, not months.
How filings like this one have moved
In the 30 days to Oct 14, 2026, 28.8% of the 1461 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. 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, JFIL was trading at $1.37 on OTC in the Technology sector, with a market capitalization of approximately $273.8K. The 52-week trading range was $0.96 to $15.40. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.