Karbon-X Corp. Reports $84M Net Loss in Q3 2025
Ticker: KARX · Form: 10-Q · Filed: Apr 18, 2025 · CIK: 1729637
Sentiment: bearish
Topics: 10-Q, financials, debt, net-loss
TL;DR
Karbon-X lost $84M last quarter, but issued new debt and talked to investors.
AI Summary
Karbon-X Corp. filed its 10-Q for the period ending February 28, 2025, reporting a net loss of $84.06 million. The company also disclosed subsequent events including the issuance of convertible debt securities between April 1 and April 7, 2025, and investor relations activities from March 1 to March 25, 2025. Additionally, Karbon-X entered into an unsecured promissory note on February 7, 2025.
Why It Matters
This filing provides insight into Karbon-X Corp.'s financial performance and recent financing activities, which could impact its future operations and stock value.
Risk Assessment
Risk Level: medium — The company reported a significant net loss, indicating potential financial instability.
Key Numbers
- $84.06M — Net Loss (Reported for the period ending February 28, 2025)
- $82.17M — Net Loss (Reported for the period ending February 28, 2024)
- $200,000,000 — Authorized Shares (Under the Employees, Directors, Officers and Consultants Stock Option Plan)
Key Players & Entities
- Karbon-X Corp. (company) — Filer of the 10-Q
- $84.06 million (dollar_amount) — Net loss for the period
- February 28, 2025 (date) — End of the reporting period
- April 1, 2025 (date) — Start date for convertible debt issuance
- April 7, 2025 (date) — End date for convertible debt issuance
- March 1, 2025 (date) — Start date for investor relations activities
- March 25, 2025 (date) — End date for investor relations activities
- February 7, 2025 (date) — Date of unsecured promissory note issuance
FAQ
What was Karbon-X Corp.'s net loss for the period ending February 28, 2025?
Karbon-X Corp. reported a net loss of $84,061,489 for the period ending February 28, 2025.
What subsequent events did Karbon-X Corp. disclose related to convertible debt?
Karbon-X Corp. disclosed subsequent events related to convertible debt securities between April 1, 2025, and April 7, 2025.
When did Karbon-X Corp. enter into an unsecured promissory note?
Karbon-X Corp. entered into an unsecured promissory note on February 7, 2025.
What is the fiscal year end for Karbon-X Corp.?
Karbon-X Corp.'s fiscal year ends on May 31.
What was the company's former name and when was the name change?
The company's former name was COCOLUV INC., and the date of the name change was January 29, 2018.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 18, 2025 regarding Karbon-X Corp. (KARX).