Aura Systems Inc. filings document the company's periodic reporting obligations and notices related to delayed quarterly reports. The Form 12b-25 filings identify the registrant, the affected Form 10-Q periods, transition-period reporting references, and the company's statements about why quarterly reports could not be filed within the prescribed SEC timetable.
For AUSI, these disclosures center on reporting status, filing deadlines, and compliance mechanics, with formal records tied to its public-company obligations as an operating company.
Aura Systems, Inc. (AUSI) reported $36,000 in six-month revenue versus $185,000 a year earlier and a $5.012 million net loss through August 31, 2026. It used $1.569 million in operating cash, had a $50.289 million shareholders’ deficit and $5.446 million in past-due notes payable. Management said these conditions raise substantial doubt about its ability to continue as a going concern for at least one year from the date the financial statements are issued.
For the three months ended August 31, 2026, revenue was $34,000 versus $0 and net income was $3.396 million versus a $4.764 million loss. Results included a $4.796 million gain from changes in derivative-liability fair value. The company expects its new-product prototype in Fiscal 2027 and cannot confidently project revenue timing or amount before completion.
Because authorized shares are insufficient, 6,932,474 shares for which $1.019 million was received from May 2026 through August 2026 remain unissued, and the proceeds are recorded as a liability. A material weakness in financial-reporting controls remains because of insufficient full-time personnel with appropriate U.S. GAAP and SEC disclosure experience. Management estimates another $3 million is needed to maintain operations and increase shipment volume in Fiscal 2027.
Aura Systems, Inc. (AUSI) says it will be unable to file its Form 10-Q for the three months ended August 31, 2026, by the prescribed due date. The company currently expects to file within the five-day extension period provided under Rule 12b-25. It cites additional time to finalize its financial statements, primarily because of unforeseen challenges integrating recently acquired business units and reconciling certain accounting records.
AURA SYSTEMS INC (AUSI) reported very weak results for the quarter ended May 31, 2026, with net revenue of only $2,000, down sharply from $185,000 a year earlier, and a net loss of $8.4 million versus $2.8 million. The loss was driven largely by a $7.0 million increase in the fair value of derivative liabilities tied to convertible instruments, on top of ongoing operating losses.
Cash was $27,000, the company used $719,000 in operating cash, and shareholders’ deficit widened to $53.6 million. Management and the auditor state that recurring losses, a significant working-capital deficit, and $5.4 million of past-due notes raise substantial doubt about Aura’s ability to continue as a going concern. Derivative liabilities rose to $31.0 million as limited authorized shares forced reclassification of additional conversion and warrant features, while potentially dilutive securities exceed 229 million shares versus 150 million authorized. Aura estimates it needs another $5.25 million to fund fiscal 2027 operations and continues to carry a material weakness in internal control over financial reporting.
AURA SYSTEMS INC (AUSI) reports Fiscal 2026 results showing a development-stage business with proprietary axial flux induction motor and generator technology but very limited revenue and a highly stressed balance sheet. Net revenue was $278,000 for the year ended February 28, 2026, up from $50,000 in Fiscal 2025, as the company focused on prototypes for new products rather than legacy shipments.
Aura recorded a net loss of $10.9 million, improving from a $21.1 million loss in the prior year, and ended the year with a stockholders’ deficit of $44.8 million and cash of $11,000. A derivative liability tied to convertible instruments totaled $22.8 million. Management and the independent auditor state that these conditions, including approximately $5.2 million of past-due notes and accrued interest, raise substantial doubt about Aura’s ability to continue as a going concern, and management estimates it needs about $5 million of additional financing for Fiscal 2027.
The company highlights technical progress, including designs and prototypes for 1.5 kW to 250 kW axial flux induction machines and new 50 kW and 5 kW power solutions for U.S. military customers that are funding initial evaluation units. However, internal control over financial reporting was deemed ineffective due to a material weakness stemming from insufficient in-house U.S. GAAP expertise, and Aura continues to rely on external consultants while attempting to raise capital and scale operations.
Aura Systems, Inc. reported net income of $5,501 for the quarter ended November 30, 2025, driven largely by a non-cash gain of $6,705 from revaluing a derivative liability. Quarterly revenue was modest at $80, and revenue for the nine-month period was $265 with a net loss of $2,104.
The balance sheet remains highly leveraged, with total assets of $1,316 against total liabilities of $38,244, resulting in a shareholders’ deficit of $36,928. Cash and cash equivalents were $107, while several notes totaling $5,266 are past due and a derivative liability related to a convertible note was $15,611. Management and the auditor highlight substantial doubt about the company’s ability to continue as a going concern, and Aura estimates it needs an additional $6,000 in Fiscal 2026 to fund operations.
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.