T-REX Acquisition Corp. Reports Dire Q3: $705 Revenue, $1.17M Net Loss Amid Going Concern Warning
Summary
T-REX Acquisition Corp. reported extremely poor Q3 2026 financial results, with revenue of just $705 and a net loss of $1.17 million, resulting in an EPS of ($0.04). This represents a 91% year-over-year revenue decline. These dire financials confirm the severe distress highlighted in the company's 10-Q filing on the same day, which included a going concern warning and disclosed a critically low cash balance of $383. The company attributed the revenue decline to temporary operational disruption from facility refurbishment. Management's plan to scale mining capacity by acquiring 275 ASIC miners is conditional on securing financing, which appears highly challenging given the current financial state.
At the time of this announcement, TRXA was trading at $0.51 on OTC in the Technology sector, with a market capitalization of approximately $13.8M. The 52-week trading range was $0.05 to $4.94. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.