Every 10-Q that AURA SYSTEMS INC (AUSI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AUSI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AUSI filings page.
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) 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. 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.