Corvex Q1 revenue $510k, net loss $(5.1M) after OpCo acquisition; pro forma revenue $3.7M

Corvex, Inc.

2026-Q1 EPS reported -$3.13 revenue$510,000

Completed acquisition of Corvex OpCo on March 19, 2026; renamed from Movano to Corvex.
Q1'26 revenue $510k (incl. 12 days of OpCo) vs $206k in Q1'25; AI platform services contributed $475k.
Net loss $(5.1M) or $(3.13) per share vs $(5.2M) or $(5.35) per share; adjusted EBITDA loss $(1.6M) improved 67%.
Pro forma Q1'26: revenue $3.7M, net loss $(15.9M), adjusted EBITDA loss $(0.9M).
Cash $29.3M; deferred revenue grew to $4.4M from $12k at year-end 2025.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Corvex, Inc. reported first quarter 2026 results: revenue $510 thousand, net income $(5.1) million, EPS $(3.13) per share.

Period: first quarter 2026
Revenue: $510 thousand
Net income: $(5.1) million
EPS: $(3.13) per share
Result: reported results

Exact text from the filing

to AI cloud computing and renaming Movano Inc. to Corvex, Inc., effective March 23, 2026. ● Including 12 days of Corvex OpCo operations in the period, Q1’26 total revenue was $510 thousand, compared to $206 thousand in Q1’25, including $475 thousand in AI Platform and services revenue contributed during the post-close stub period. ● Deferred revenue, including

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Source: SEC EDGAR

accession 0001213900-26-059003

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