Movano Stock Earnings Reports

Key points for investors: Corvex completed a March 19, 2026 merger (formerly Movano Inc.) that folded in Corvex OpCo and issued preferred shares that are or will be convertible into common stock; a 0.358 share stock dividend was distributed April 6, 2026. Reported Q1 2026 results reflect legacy healthcare operations for the full quarter but include Corvex's AI platform for only 12 days: reported revenue was $0.51M and an operating loss of $4.8M. On a pro forma basis (assuming the acquisition closed Jan 1, 2025), Q1 revenue was $3.65M, nearly all from the AI platform, and adjusted pro forma EBITDA was a loss of $0.933M. At March 31, 2026 total assets were $604M, including over $29M in cash. Management positions Corvex as a vertically integrated AI infrastructure company focused on three complementary layers—AI factories (large-scale compute deployments), a forthcoming token factory (inference/API layer for models), and confidential computing software (security for sensitive AI workloads)—targeting model labs, hyperscalers, government initiatives and enterprises. The company emphasizes differentiation via scale, deployment speed, orchestration/software, inference optimization and security, and expects software/inference layers to drive more recurring, asset-light revenue over time. Management noted they are early in public-company development and did not take questions on the call.