King Resources Inc (KRFG) Q1 2026 Earnings Report

King Resources Inc (KRFG) reported QQ1 2026 revenue of 19.221 (USD thousands, as reported) with a gross margin of 39.999% and gross profit of 7.688. While topline growth was modest YoY (0.21%) and QoQ (-0.09%), the quarter was characterized by a severe operating overhang: selling, general and administrative expenses (SG&A) totaled 315.299, driving EBITDA to a loss of 306.588 and an operating loss of 307.611. Net income matched the operating loss at -307.611, signaling a material gap between gross profitability and overall cost structure.

The company generated negative operating cash flow of -42.933 and only a small financing inflection of +40.544, resulting in a net cash change of -0.816 for the period. Cash at period-end stood at 1.601 with a modest beginning cash balance of 2.417. The balance sheet presents several red flags: liabilities appear significantly larger than reported assets, and stockholders’ equity is negative (-1.259). These numbers suggest solvency risk and potential data quality concerns in the filing. Despite a product portfolio aligned with the growing USB-C PD ecosystem (65W/45W/120W chargers, hubs, and power banks), the company’s near-term cash generation and profitability remain stressed, underscoring the need for cost discipline and a clearer path to sustainable operating leverage.

Management commentary (where available) emphasizes execution of the Powertech product line and online distribution, but the quarterly data provided in QQ1 2026 does not include explicit forward guidance in the materials supplied. Given the modest revenue growth backdrop and the outsized operating expense base, investors should monitor progress toward SG&A alignment with top-line growth, any capex or R&D investment timing, and the company’s ability to secure continued external financing if needed.