Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Earnings

Light AI reports Financial Results for Three Months and Year ended December 31, 2025

ALGO · Price

Executive Summary

  • Light AI Inc. released its Q4 2025 and full‑year 2025 financial and operating results.
  • Total operating expenses fell to $2.3 M for the quarter (down from $5.6 M in the prior quarter) but rose to $4.3 M for the year, reflecting higher marketing and product development costs after going public.
  • Cash decreased to $6.5 M at year‑end 2025, with adjusted working capital of $5.45 M; the company previously raised $1.52 M in a unit offering on Jan 8 2025.

Key Details

  • Quarterly Operating Expenses: $2.3 M for Q4 2025 vs. $5.6 M in Q3 2025 and $2.4 M in Q4 2024.
  • Annual Operating Expenses: $4.3 M for 2025 vs. $8.1 M in 2024.
  • Cash Position: $6.5 M as of Dec 31 2025 (down from $15.2 M on Dec 31 2024).
  • Total Assets: $6.9 M at year‑end 2025 (down from $17.1 M at year‑end 2024).
  • Adjusted Working Capital: $5.45 M as of Dec 31 2025 vs. $14.64 M on Dec 31 2024.
  • Financing Activity: On Jan 8 2025, closed second tranche of offering – 2,757,000 units at $0.55 per unit, gross proceeds $1,516,350.
  • Clinical/Regulatory Status: Still in clinical trial and regulatory phase; expects commercialization in Q3‑Q4 2026 pending approvals.
  • CEO Quote: “Light AI has reached a key inflection point with the completion of its first commercially ready QuickScan™ Strep A application…” – John R. Luna, CEO.

Notable Quotes

"We are executing on a dual-track strategy both advancing clinical trials while advancing regulatory approvals to be ready to pursue multiple commercialization opportunities…" – John R. Luna, Chief Executive Officer.

Read the original news release →

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