10-Q · May 15, 2026
Eva Live Inc.'s latest 10-Q filing for the period ending March 31, 2026, reflects a moderate revenue increase but significant operating losses attributed to high equity-based compensation expenses. The company's…
Earnings analysis · 10-Q
GOAI earnings analysis
Filed August 3, 2026 · Our reading of the company's report
The latest report
GOAI delivered Q2 revenue of $4.20 million, up 1.6% year over year, but its revenue mix shifted dramatically away from XML syndication toward brand marketing and $1.16 million of newly introduced AI-driven marketing…
Read full summary
GOAI delivered Q2 revenue of $4.20 million, up 1.6% year over year, but its revenue mix shifted dramatically away from XML syndication toward brand marketing and $1.16 million of newly introduced AI-driven marketing services. Profitability deteriorated substantially: operating income of $2.63 million and EPS of $0.08 in the prior-year quarter became an $862,213 operating loss and $(0.05) EPS, although the operating loss improved sharply from Q1 due to lower G&A expense. Liquidity improved through debt and equity financing, but operating cash flow was negative $5.23 million, 88% of receivables were over 90 days outstanding, and management concluded that substantial doubt remains about its ability to continue as a going concern.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.05
- Operating margin
- -20.5%
What stood out
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Revenue held nearly flat as AI services launched
Q2 revenue increased 1.6% year over year to $4,204,390 from $4,138,712, as $1,161,903 of new AI-driven marketing-services revenue partly offset a $1,096,225 decline in legacy digital advertising and media monetization revenue.
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Sequential operating loss improved sharply
Operating loss narrowed sequentially to $862,213 in Q2 from a $9,106,394 operating loss in Q1, as general and administrative expense fell to $2,017,316 from $9,279,934 following the non-recurrence of the CEO option-vesting charge.
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Cash and reported working capital increased
Cash rose to $2,238,216 at June 30, 2026 from $202,524 at December 31, 2025. The company also reported $19,439,564 of working capital, including $21,048,847 of current assets.
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Revenue mix shifted toward AI services
The company established an AI-services revenue stream, generating $1,813,600 in the first six months of 2026 versus no comparable prior-year revenue; digital advertising/media monetization revenue was $6,294,021 versus $7,820,232.
What to watch
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Going-concern doubt remains unresolved
Management concluded that substantial doubt exists about continuing as a going concern, citing a $10,313,833 six-month net loss, $5,229,216 of operating cash outflow, and a $30,656,195 accumulated deficit at June 30, 2026.
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Liquidity concentrated in aged receivables
Receivables rose to $17,465,015 from $16,006,624, and $15,408,659—approximately 88% of the net balance—was more than 90 days past invoice date. Collections are central to funding operations.
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Convertible financing creates dilution risk
The Streeterville convertible note had $6,475,000 face value outstanding at June 30, 2026, while its embedded derivative liability was $4,562,001. A further $925,000 was converted during July, and the conversion price can be 87% of the lowest daily VWAP, subject to a $0.90 floor.
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Traffic costs materially outpaced revenue
Q2 operating margin was negative 20.5%, compared with positive 63.6% in Q2 2025, as media traffic purchase expense rose 159.3% to $3,049,042 while revenue increased only 1.6% to $4,204,390.
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Material weakness in financial controls
Management found disclosure controls and internal control over financial reporting ineffective at June 30, 2026 due to inadequate segregation of duties, limited personnel, and insufficient policies. The company had 39,252,186 shares outstanding at June 30, 2026, underscoring the scale at which control remediation must operate.
Management's outlook
No quantitative revenue or EPS guidance was provided in the 10-Q. Management stated that it expects substantially all of the $17,465,015 net accounts-receivable balance to be collected within the look-forward period and has an at-the-market facility for up to $100,000,000, subject to applicable Form S-3 limitations.
Earlier filings 4
10-K · March 16, 2026
Eva Live Inc. achieved significant revenue growth with a 82.59% increase to $17,037,328 in FY 2025, accompanied by a return to profitability, posting a net income of $8,127,313. The company remains dependent on a small…
10-Q · November 10, 2025
Eva Live Inc. exhibited strong financial performance in the third quarter of 2025, with revenues climbing to $4.91 million, a significant increase compared to $1.98 million in the same period last year. Net income…
10-Q · August 1, 2025
Eva Live Inc. has shown substantial growth in its recent financial performance for the quarter ending June 30, 2025. Revenues skyrocketed to $4.14 million from $2.19 million year-over-year, and the company achieved a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.