Welcome to our dedicated page for Aura Systems SEC filings (Ticker: AUSI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
aura systems, inc. designs, assembles, tests, and sells proprietary and patented axial flux induction machines. it offers patented mobile power solutions, including auragen for commercial and industrial applications; and viper for military applications. the company's products are also used in the telecommunications, utilities, public works, construction, catering, and oil and gas industries, as well as emergency/rescue and recreational vehicles. aura systems, inc. was founded in 1987 and is headquartered in stanton, california.Aura Systems (AUSI) reported Q2 results showing continued operating losses and liquidity strain. Net revenue was $0 for the quarter and $185 thousand for the six months. The company posted a net loss of $4.764 million for Q2 (vs. $6.390 million a year ago) and $7.605 million for the six months (vs. $21.648 million).
Cash and equivalents were $24 thousand at August 31, 2025, after using $1.510 million in operating cash in six months. Total liabilities reached $44.620 million with a shareholders’ deficit of $(43.501) million. The company disclosed substantial doubt about its ability to continue as a going concern, citing recurring losses, minimal cash, and $5.266 million of notes and related accrued interest past due.
The derivative liability tied to a convertible note increased to $22.316 million (from $17.565 million). To fund operations, Aura issued 6.83 million shares for $1.697 million during the period and subsequently issued 1.124 million shares for $281 thousand. Management also noted ongoing material weaknesses in internal controls.
Aura Systems, Inc. filed a Form 12b-25 to notify a late filing of its Quarterly Report on Form 10-Q for the three months ended August 31, 2025. The company says it needs more time to finalize financial statements due to year-end closing challenges, including integrating recently acquired business units and reconciling certain accounting records.
The company expects to file the Form 10-Q within the five-day extension provided under Rule 12b-25 of the Securities Exchange Act of 1934.
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