Our Bond (OBAI) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 increased 4.4% year-over-year to $2.35 million, driven by continued demand and modest customer base growth.

• Achieved strong enterprise demand with expanded deployments across multiple industries and regions.

• Advanced multi-channel growth strategy, including new city-level partnerships and increased market visibility post-Nasdaq listing.

• Management and insiders have not sold shares since public listing, signaling long-term confidence.

• The company completed its public listing in February 2026 and invested heavily in marketing and investor relations.

Financial highlights

• Gross profit for Q1 2026 was $47,000, down from $73,000 in Q1 2025.

• Operating expenses rose sharply to $6.4 million from $1.9 million year-over-year, including $1.2 million in one-time listing costs and $2.0 million in strategic marketing.

• Net loss widened to $6.7 million from $2.2 million in Q1 2025, primarily due to non-recurring public company transition costs and strategic marketing investments.

• Cash and cash equivalents at quarter-end were $3.8 million.

• Net cash used in operating activities was $4.4 million, compared to $1.4 million in Q1 2025.

Outlook and guidance

• Management expects platform utilization and profitability to improve as the customer base grows.

• Plans to further invest in sales and marketing to expand enterprise outreach and accelerate global customer acquisition.

• Management expresses confidence in capturing a large, underpenetrated global market opportunity.

• Additional capital will be sought through equity and other financing to support ongoing operations and growth.