Knorex H1 2026: Going-Concern Warning, US$5.4M Loss, US$137,818 Cash
KNRX is trading near its 52-week low of $0.152 (9.9% above the low).
Summary
Knorex disclosed substantial doubt about its ability to continue as a going concern after a US$5.4 million first-half loss left it with US$137,818 of cash, alongside a note exchange into VWAP-priced convertibles and a reverse-split covenant.
Key Events · Earnings and Guidance · KNRX
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Going-Concern Warning Disclosed
Working capital deficit of approximately US$13.3 million and accumulated deficit of approximately US$67.6 million at June 30, 2026 raise substantial doubt about the company's ability to continue as a going concern.
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H1 Loss Widens on Cost Surge
Revenue fell 5.2% to US$2,678,528 while general and administrative expenses jumped 243.9% to US$3,225,273, driving a net loss of US$5,434,150 versus US$4,618,073 a year earlier.
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Cash Cushion Is Minimal
Cash and equivalents stood at US$137,818 at June 30, 2026, and the company reported approximately US$0.3 million of available cash as of the interim report date.
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Notes Swapped Into VWAP Convertibles
On October 2, 2026 the company exchanged US$3,150,000 of senior notes for US$3,363,411 of convertible notes maturing January 1, 2027, convertible at the greater of 80% of the five-day lowest VWAP or a floor of 20% of the NYSE Minimum Price.
Analysis · KNRX · Technology
Knorex's first-half 2026 interim report carries an explicit going-concern warning, with a US$13.3 million working capital deficit, a US$67.6 million accumulated deficit and only US$137,818 of cash at June 30, 2026. Revenue slipped 5.2% to US$2.7 million while general and administrative costs more than tripled to US$3.2 million, largely US$1.75 million of consulting fees paid to a related-party shareholder, pushing the net loss to US$5.4 million. The company is staying alive on dilutive paper: a September ELOC draw of 1.75 million shares at US$0.2772 raised just US$387,100 net, and the October 2 exchange converted US$3.15 million of senior notes into convertible notes that price off 80% of the lowest recent VWAP, with a reverse-split covenant triggered if the stock closes below US$0.30 for ten straight days. Against a US$0.167 share price, that trigger is already in play, so a shareholder vote on a reverse split is the next concrete event.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 45.8% of the 251 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.67%. 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, KNRX was trading at $0.17 on NYSE in the Technology sector, with a market capitalization of approximately $4.4M. The 52-week trading range was $0.15 to $3.45. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.