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.

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