---
schema_version: "secwatch.filing_event.v1"
accession: "0001482541-26-000053"
form_type: "8-K"
ticker: "BNC"
cik: "0001482541"
company_name: "CEA Industries Inc."
filed_at: "2026-09-11T20:03:22+00:00"
generated_at: "2026-09-11T20:04:15.584114+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CEA Industries Q1 FY2027 net loss $11.4M, holds 515,544 BNB worth $302.3M

## Summary
- Net loss $11.4M (-$0.22/diluted share); $15.3M unrealized loss on digital assets offset by $10.0M warrant gain.
- Retail revenue $7.2M (-4.6% YoY); gross profit $2.0M; 34 Fat Panda/Electric Fog locations in Canada.
- Repurchased 1,434,112 shares for $3.8M at avg $2.63; cash $7.1M, total debt $16.8M.
- Drew $15.0M USDC loan secured by 44,198 BNB (valued $25.9M); compliance with all covenants.
- YZILabs cooperation, Board changes (Carly Howard Chair, interim CEO William Miller), AMA litigation pending.

## SEC filing metadata
- accession: 0001482541-26-000053
- form_type: 8-K
- ticker: BNC
- cik: 0001482541
- company_name: CEA Industries Inc.
- filed_at: 2026-09-11T20:03:22+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482541/000148254126000053/0001482541-26-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482541/000148254126000053/bnc-20260911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482541-26-000053
- JSON: https://secwatch.observer/filing/0001482541-26-000053.json
- Plain text: https://secwatch.observer/filing/0001482541-26-000053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.