New Era Energy & Digital restates Q1 net loss to $10.82 million, widens loss per share to $0.19

Reuters2026/08/14 20:33

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New Era Energy & Digital filed a restated quarterly report for the three months ended March 31, 2026.
Net loss restated to USD 10.82 million, or USD 0.19 per share, versus USD 8.99 million, or USD 0.16, previously reported.
Restatement driven by misapplied stock-compensation accounting for executive PSUs, including understated grant-date fair value and incorrect straight-line expense attribution.
General and administrative expense also corrected for USD 1.63 million of professional fees reclassified to capitalized or deferred transaction costs; interest expense rose USD 93,204.
Audit committee concluded on July 24, 2026 that the original unaudited March 31, 2026 financial statements should no longer be relied upon.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Era Energy & Digital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-090122), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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New Era Energy & Digital restates Q1 net loss to $10.82 million, widens loss per share to $0.19

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