GREENLIT VENTURES INC. 1Q 2026: Net income $(18,496), EPS $(0.00) — 10-Q Summary
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GREENLIT VENTURES INC. reported a net loss of $(18,496) for the first quarter of 2026, an improvement from a $(20,703) loss in the year-ago quarter. Diluted loss per share was $(0.00) for the quarter versus $(0.01) in Q1 2025 (antidilutive instruments excluded).
Financial Highlights
- Net income was $(18,496) for Q1 2026, compared with $(20,703) in the year-ago quarter (improvement of 11% YoY).
- Diluted earnings per share was $(0.00) for Q1 2026, versus $(0.01) in Q1 2025 (antidilutive instruments excluded).
Business Highlights
- Product launches: Beta releases of ForceShield Mail and ForceShield VPN (launched in 2021) mark the company's shift into encrypted communications and privacy services.
- Business pivot: Under new management, the company has transitioned from marketing and consulting toward developing a cybersecurity and privacy product suite.
- Operational scale: The company has no subsidiaries, limited operational assets and no cash, indicating an early-stage product development profile with minimal operating infrastructure.
- Customer focus: Emphasis on accessibility an...