Eva Live (GOAI) investor relations material

Executive summary

• Revenue grew 6% year-over-year to $3.9M, driven by expansion in brand marketing and new AI-driven marketing services contracts with Jet.AI and Braiin Limited.

• Operating loss was $9.1M, compared to $2.0M operating income in the prior year, primarily due to $7.6M non-cash stock-based compensation for CEO options and higher consulting expenses.

• Net loss was $8.6M versus net income of $2.0M in Q1 2025, with EPS of $(0.24) compared to $0.06.

• Cash increased to $5.8M, supported by $6.4M net proceeds from a $7.56M senior secured convertible note issued in February 2026.

• Working capital improved to $17.7M, and stockholders’ equity rose to $12.4M.

Financial highlights

• Revenue: $3.9M (up 6% year-over-year).

• Operating expenses: $13.0M (up 675%), driven by $7.6M CEO stock option expense and $2.3M consulting/advisory costs.

• Media traffic purchase costs rose to $3.7M (95% of revenue), up from $1.3M (41% of revenue) last year.

• Net loss: $8.6M; Adjusted operating loss (excluding CEO stock-based comp): ~$1.5M.

• Cash flow from operations: $(1.3)M; cash from financing: $6.9M.

Outlook and guidance

• Management expects media traffic costs to normalize to 41–45% of revenue over the next two quarters, improving margins.

• Plans to reduce general and administrative cash expenses by 30–40% in the second half of 2026.

• Anticipates collection of most outstanding receivables (79% aged >90 days) within the next year.

• Access to up to $100M in equity via a new at-the-market offering with Maxim Group, providing liquidity for growth.