secwatch.observer — SEC 8-K summary
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Issuer:     Quality Industrial Corp. (QIND)
CIK:        0001393781
Form:       8-K/A
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001493152-26-014536
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quality Industrial reports FY2025 revenue up 46% to $16.3M, but GAAP net loss of $4.6M on write-offs
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- Revenue $16.3M, +45.9% YoY; gross profit $4.8M (+20.8%); GAAP net loss $4.6M vs income $0.3M prior year.
- Non-GAAP adjusted net income $564K vs ($161K) in FY2024; adjustments include $1.38M legacy comp, $2M asset write-off, $1.5M receivable write-off.
- Convertible notes reduced to $2.56M from $2.94M; accounts payable cut 45% to $1.16M; Fusion Fuel provided $4.4M capital.
- Outlook: targeting $20M revenue for 2026; growth driven by Al Shola Gas expansion, new trucks, and UAE geographic push.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393781/000149315226014536/0001493152-26-014536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393781/000149315226014536/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-014536

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