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EVOAIR HOLDINGS INC 10-Q Filings

EVOH OTC

Every 10-Q that EVOAIR HOLDINGS INC (EVOH) 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 EVOH 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 EVOH filings page.

Rhea-AI Summary

EvoAir Holdings Inc. reported very small but growing HVAC revenues alongside ongoing losses and a tightened liquidity position for the quarter ended May 31, 2026. Revenue for the three months rose to $123,574 from $37,306, but gross profit fell to $6,823 as higher production and product costs compressed margins. Quarterly operating expenses declined to $1.09 million, narrowing the operating loss to $1.08 million.

For the nine months, revenue increased to $211,613 while the operating loss improved to $3.12 million from $7.13 million, mainly due to a 56% reduction in operating expenses. The company ended the period with cash of $35,811, a working capital deficit of $3.97 million, shareholder loans of $3.54 million, and an accumulated deficit of $56.96 million. Management discloses substantial doubt about the ability to continue as a going concern and is relying on shareholder funding, prior private placements and a planned Nasdaq uplisting to support operations while leveraging $39.67 million of net technology-related intangible assets.

Rhea-AI Summary

EvoAir Holdings Inc. reports results for the quarter and six months ended February 28, 2026, showing narrower losses but very limited revenue. Quarterly revenue was $67,588, and the company recorded a net loss of $1,004,278. For the six-month period, revenue was $88,039 with a net loss of $2,042,993, significantly improved from the prior year due mainly to sharply lower operating expenses and reduced stock-based compensation.

Total assets were $44.4 million, driven largely by technology-related intangible assets of $40.3 million. EvoAir ended the quarter with cash of $45,835 and a working capital deficit of $3.6 million, funded in part by $3.3 million in amounts due to shareholders and $3.23 million of deferred offering costs tied to a planned IPO and potential uplisting to the Nasdaq Capital Market.

Management highlights a substantial accumulated deficit of $55.9 million and explicitly prepares the statements on a going concern basis, noting that sustainable revenues have not yet been achieved. The strategy focuses on expanding HVAC product offerings, entering new geographies, diversifying revenue, improving profitability, and raising additional capital to support growth and IPO-related objectives.

Rhea-AI Summary

EvoAir Holdings Inc. reported very small revenue and continued losses for the quarter ended November 30, 2025. Revenue was only $20,451, down from $51,929 a year earlier, mainly from lower HVAC product sales. Cost of revenue fell to $22,685, narrowing the gross loss to $2,234, a negative margin of 11% versus 74% previously.

Operating expenses dropped sharply to $1,036,654 from $4,602,876, reflecting lower stock-based compensation, professional fees, and amortization after prior intangible asset impairments. Net loss improved to $1,038,715 from $4,640,904, or $0.04 per share versus $0.18 per share.

The balance sheet shows an accumulated deficit of $55,006,861, cash of only $74,918, and a working capital deficit of $3,038,574. The company also carries significant technology-related intangible assets of $40,943,353 and deferred IPO offering costs of $3,225,464, and owes $2,818,747 to shareholders. Management discloses a going concern uncertainty and plans to expand its HVAC business and pursue a Nasdaq uplisting to raise additional capital.