OpenWorld Estimates Q3 Revenue of $6.9 to $7.2 Million, Net Loss Near $10.0 Million
OpenWorld preliminarily estimated third-quarter 2026 revenue of $6.9 million to $7.2 million and a GAAP net loss of about $10.0 million, which includes about $11.9 million of nonrecurring stock-based compensation and merger-related fees. The company also named Gerard Hernandez Chief Financial Officer effective October 23, 2026, after removing Jennifer Cola from the role. The estimates are unaudited and not yet reviewed by the auditor, and the company will report final results on November 12, 2026.
Key points
- Estimated Q3 2026 revenue of $6.9 million to $7.2 million, with gross margin of 80% to 82%
- Estimated GAAP net loss of about $10.0 million, including about $11.9 million of nonrecurring stock-based compensation and merger-related fees
- Estimated adjusted EBITDA (non-GAAP) of $1.7 million to $2.0 million
- Gerard Hernandez named CFO effective October 23, 2026; Jennifer Cola was removed as CFO effective the same date
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 26, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.