Monitor whether the company can secure additional funding or generate meaningful revenue growth, as current burn rate suggests cash may be depleted within 6-9 months. The planned share issuance to settle related-party debt indicates reliance on insiders and potential dilution for existing shareholders. Absent a significant change in operations, the stock faces substantial downside risk.
Price Chart
Executive Summary
Real Messenger Corp reported a net loss of $2.38 million for the six months ended September 30, 2025, with minimal revenue of $25,602. Cash reserves dropped from $2.58 million to $846,174 due to operating outflows. The company faces substantial doubt about its ability to continue as a going concern, with an accumulated deficit of $22.5 million. A subsequent event discloses a planned share issuance to settle a $1.09 million related-party payable.
Key Facts
- Net loss of $2,383,928 for the six months ended September 30, 2025, compared to $1,635,923 in the same period of 2024
- Revenue of $25,602 from website services, up from $0 in the prior year period
- Cash and cash equivalents decreased by $1.73 million to $846,174 as of September 30, 2025
- Accumulated deficit increased to $22,506,556 as of September 30, 2025
- Substantial doubt about going concern raised due to continuous operating losses
- Subsequent event: Agreement to issue 1,837,680 Class B shares to settle $1,086,438 related-party payable
Financial Impact
The company burned $1.56 million in operating cash, reducing cash reserves by 67% in six months. The planned share issuance to settle a $1.09 million payable represents significant dilution risk.
Risk Factors
- Going concern risk with current cash unlikely to sustain operations beyond 12 months
- Heavy reliance on related parties for funding and operational support
- Minimal revenue generation despite significant operating expenses
- Potential share dilution from settlement of related-party payable through stock issuance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-013846 |
| Exhibit: ex99-2.htm | 0001493152-26-013846 |
| Document: form6-k.htm | 0001493152-26-013846 |
| Document: 0001493152-26-013846-index-headers.html | 0001493152-26-013846 |
| Document: 0001493152-26-013846-index.html | 0001493152-26-013846 |
| Document: 0001493152-26-013846.txt | 0001493152-26-013846 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 6-K | $0.0500 $0.0312 | ▼ −37.60% | ▼ −41.22% | — |
Jun 9, 2026 19w ago | 424B4 | $0.0574 $0.0350 | ▲ +39.02% | ▲ +40.47% | — |
Jun 9, 2026 19w ago | EFFECT | $0.0574 $0.0350 | ▲ +39.02% | ▲ +40.47% | — |
May 26, 2026 21w ago | F-1 | $0.0322 $0.0484 | ▼ −50.31% | ▼ −52.26% | — |
Apr 21, 2026 26w ago | 6-K | $0.0322 $0.0322 | · 0.00% | ▲ +4.92% | — |
Apr 8, 2026 28w ago | 6-K | $0.0322 $0.0322 | · 0.00% | ▲ +8.54% | — |
Mar 31, 2026 29w ago | 6-K | $0.0322 $0.0500 | ▼ −55.28% | ▼ −45.86% | — |
Mar 30, 2026 30w ago | 6-K | $0.0322 $0.0322 | · 0.00% | ▲ +12.60% | — |
US Market Status
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