Every 10-Q that Corvex, Inc. (MOVE) 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 MOVE 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 MOVE filings page.
Corvex, Inc. (formerly Movano) transformed via its March 2026 acquisition of Corvex OpCo into an AI cloud provider focused on GPU-accelerated infrastructure, while disposing of its wellness ring business on June 30, 2026 through transfer of legacy assets to settle a related-party bridge loan, recording a $2.5 million gain.
For the three months ended June 30, 2026, Corvex generated $3.8 million in revenue (all from AI Platform and services) versus $0.1 million a year earlier, but reported a net loss of $12.8 million versus $3.2 million, driven by higher operating expenses and $9.7 million of stock-based compensation. Six-month revenue was $4.3 million with a net loss of $17.8 million. Cash and cash equivalents rose to $21.7 million from $2.8 million, helped by $36.7 million of cash acquired in the merger, while net cash used in operations was $9.6 million. Total assets increased to $599.3 million, including $519.3 million of goodwill and $15.0 million of intangibles. The AI business relies heavily on a few counterparties: one supplier provided 26% of purchases, and two customers accounted for 93% of revenue.
Corvex, Inc. filed its quarterly report for the three months ended March 31, 2026, highlighting the completed acquisition of Corvex OpCo, an AI cloud computing company focused on GPU-accelerated infrastructure. The deal, valued at about $581.9 million, added significant assets including $518.3 million of goodwill and $15.4 million of intangible assets, and shifted the business to two segments: AI Platform and services and Connected devices and services.
Quarterly revenue rose to $510,000 from $206,000 a year earlier, mainly from AI Platform and services of $475,000. The company reported a net loss of $5.0 million, slightly improved from a $5.2 million loss in 2025, with higher operating expenses tied to the new AI infrastructure. Cash and cash equivalents increased sharply to $29.3 million from $2.8 million at year-end, and total assets expanded to $604.5 million. Deferred revenue increased to $4.4 million, reflecting multi-period AI service contracts, while a $1.5 million related-party bridge loan carried a $3.0 million premium obligation and a $4.5 million carrying amount.
Movano Inc. (MOVE) filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025. The filing discloses that the company generated limited revenues from sales of the Evie Ring, all in the United States, and recorded operating expenses including cost of revenue, research and development, and sales, general and administrative costs. The company reported equity issuances during the six months ended June 30, 2025, raising net proceeds of $1.6 million from an Issuance Agreement and raising $9.3 million from an at-the-market (ATM) program that was later terminated in May 2025 upon expiration of its Form S-3 registration statement. The company also entered a $1.5 million bridge loan bearing 12.0% interest that matures November 4, 2025, and granted the lender a security interest in substantially all assets, including intellectual property.
The filing states the company’s cash and cash equivalents as of June 30, 2025 will not be sufficient to fund projected operations beyond 2025 and that these circumstances raise substantial doubt about the company’s ability to continue as a going concern within one year after issuance of the financial statements. The Nasdaq Hearings Panel granted conditional continued listing, requiring timely filing of delinquent quarterly reports and demonstration of a $1.00 bid price by specified dates.
Movano Inc. filed a Form 10-Q reporting condensed quarterly information and accompanying disclosures. The company had 8,349,080 shares outstanding noted near the front and later discloses 7,036,475 shares outstanding at March 31, 2025 (6,840,291 at December 31, 2024). Movano reported operating line items including cost of revenue (e.g., $642k and $1.2M figures shown), R&D and SG&A amounts, and cash movements with a net decrease in cash and cash equivalents of $(3.545)M and $(3.973)M in referenced periods. The company disclosed an ATM program with $8.3M issued and approximately $41.7M available to sell under the Issuance Agreement. Management states substantial doubt about going concern within one year due to expected additional losses and insufficient cash to fund operations beyond 2025. Movano also disclosed a $1.5M bridge loan bearing 12% interest maturing November 4, 2025, and various equity compensation programs including outstanding options, RSU grants and shares available under incentive plans. The company noted Nasdaq compliance matters and multiple risk factors related to commercialization, regulatory approvals, IP, and capital needs.