Eva Live Inc

Snapshot

Eva Live is a small ad-tech and AI company that grew revenue 83% to $17M in FY 2025 and posted an $8.1M profit, but its latest filing tells a different story: a $10.3M loss over just six months of 2026, only $2.2M in cash, and an auditor going-concern warning.

What's Happening Right Now

• Sun 30th Aug '26 · Going concern: Eva Live's 10-Q for the six months ended June 30, 2026 showed a $10.3M net loss on $8.1M revenue, a $2.2M cash balance, and an auditor warning that the company may not be able to continue operating, citing roughly three months of cash runway and 88% of receivables aged over 90 days.
• Tue 4th Aug '26 · Debt financing: On Aug 4, 2026, Eva Live sold a $2,160,000 convertible note to Streeterville Capital at 8% interest, convertible at a discount to market price, secured by nearly all company assets, with an option for the investor to buy an additional $1.25M note.
• Thu 23rd Jul '26 · Offering: Raised $2.00M in gross proceeds through a private placement (PIPE), and a $2.16M convertible note.
• Mon 20th Jul '26 · Acquisition LOI: On Jul 20, 2026, Eva Live signed a letter of intent to acquire a 51% stake in Airbeam Wireless Technologies for about $16 million, aiming to combine its wireless patents with Eva's AI platform for defense and drone communications.
• Tue 30th Jun '26 · ATM sale: Sold $470K of stock / 114K shares through its at-the-market program.
• Fri 12th Jun '26 · Acquisition: On Jun 12, 2026, Eva Live agreed to acquire a 51% controlling interest in Spiro Senior Living, expanding into senior healthcare with a deal structured using equity compensation for Spiro's management.
• Wed 10th Jun '26 · Acquisition LOI: On Jun 10, 2026, Eva Live signed a non-binding letter of intent to acquire Psquared Inc., a performance-marketing firm with about $50M in revenue over four years, to integrate its media-buying team into Eva's platform.
• Wed 10th Jun '26 · Offering: Closed an offering. Proceeds are not disclosed in the filings reviewed.