Hammer Technology Holdings Corp. reported no revenue from continuing operations for the quarter and six months ended January 31, 2026 as its HammerPay fintech platform had not yet launched. The company focuses on digital stored value and mobile payments after divesting its telecommunications assets.
For the six months, Hammer recorded a net loss from continuing operations of $301,755, an improvement from $692,513 a year earlier, mainly because depreciation and amortization and other operating expenses fell sharply after a prior impairment of customer contracts. Cash was $28,312 with a working capital deficit of $697,463 as of January 31, 2026.
Total assets were $182,391 against total liabilities of $1,150,421, leaving a stockholders’ deficit of $968,030. The company is relying heavily on related-party convertible debt, including a note with a balance of $424,646 and proceeds of $338,700 during the six months, plus $23,500 received after quarter-end. Management states that recurring losses, negative cash flow and the working capital deficit raise substantial doubt about Hammer’s ability to continue as a going concern.
Hammer Technology Holdings Corp. reported a net loss from continuing operations of $148,875 for the quarter ended October 31, 2025, with no revenue as its HammerPay fintech platform has not yet launched. Operating expenses fell 54% year over year to $165,107, mainly because amortization dropped after the prior impairment of a customer contract intangible asset, helping narrow the loss from $412,675 a year earlier. A non-cash gain of $18,600 from lower warrant liabilities contributed to other income.
Cash increased to $40,828, but the company still had a working capital deficit of $704,358 and a total stockholders’ deficit of $815,150. It relied on $210,000 of new related-party convertible financing during the quarter and a further $55,000 after quarter-end, while also carrying a small promissory note in default. Management disclosed that recurring losses, negative operating cash flow and the lack of current revenue “raise substantial doubt” about Hammer’s ability to continue as a going concern, and stated its plans are not expected to fully alleviate this doubt as it pivots to its HammerPay-focused fintech strategy.
Hammer Technology Holdings Corp. (HMMR) filed its annual report for the year ended July 31, 2025, highlighting a strategic pivot to fintech after divesting telecommunications assets to Viper Networks. The company reported $0 revenue from continuing operations as its HammerPay platform has not yet launched.
Operating expenses were $3,408,574, including an intangible asset impairment of $1,888,242. Other expense totaled $1,021,336, driven by a $974,836 loss on conversion of debt. Net loss from continuing operations was $4,429,910. Discontinued operations reflected a $1,655,781 gain on disposal, resulting in a total net loss of $2,797,393. At July 31, 2025, cash was $18,054 and the working capital deficit was $858,359. Management and the auditor noted substantial doubt about the company’s ability to continue as a going concern.
On May 25, 2025, a $2,680,798.50 convertible note was exchanged for 10,154,542 shares at $0.264 per share. As of October 29, 2025, 69,057,154 shares were outstanding.