Quest Patent Research Corp's Q1 Net Loss Widens to $2.94M, Revenue Remains Negative
QPRC has more than doubled off its 52-week low of $0.052.
Summary
Quest Patent Research Corp (QPRC) reported a significant net loss of ($2.94M) for Q1 2026, widening from ($826.39K) in the prior-year quarter. The company also reported negative "revenue" (cost of revenue) of ($2.83M), a substantial increase from ($657.8K) year-over-year. This follows the 2025 annual report which highlighted a going concern warning, zero revenue, and an $8.5 million net loss, indicating continued severe financial distress. The company stated no licensing revenue was recognized, with near-term revenue dependent on the uncertain timing and outcomes of patent litigation and settlements. These results underscore the high-risk nature of QPRC's business model, which relies heavily on litigation and patent monetization without a stable revenue stream. Traders should note the ongoing operational challenges and the company's precarious financial position.
At the time of this announcement, QPRC was trading at $0.20 on OTC in the Technology sector, with a market capitalization of approximately $1.1M. The 52-week trading range was $0.05 to $1.04. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.