Eva Live IncGOAI

Eva Live Inc’s latest SEC filings reveal a company whose net loss of $8.6 million in the quarter ended 31 March 2026 outgrew its revenue of $3.9 million, leaving a cash balance of $5.8 million and negative operating cash flow of $1.3 million. The 10-Q labels these as “operating loss of $9.1 million,” but the numbers are what they are: the company is burning more than it is collecting.

Eva bills itself as an AI-powered marketing platform that plans, launches, and optimises advertising campaigns in real time via products like NeuroServerAI Ad Engine, EVA Brain, and FastQuote Direct. NeuroServerAI claims to power “more than 10,000 simultaneous campaigns,” while EVA Brain promises an “autonomous campaign engine” that adjusts targeting, bidding, and delivery continuously without manual intervention. FastQuote Direct advertises AI-powered matching that “understands what you need” and surfaces offers across industries. The product pages are slick, but the filings do not show the revenue scale implied by the marketing copy.

The company’s 10-Q for the quarter ended 31 March 2026 shows: revenue of $3.9 million; a net loss attributable to parent of $8.6 million; operating loss of $9.1 million; total assets of $24.7 million; liabilities of $12.4 million; stockholders’ equity of $12.4 million; cash and equivalents of $5.8 million; and net cash used in operating activities of $1.3 million. Diluted EPS was negative $0.24 on 36.0 million diluted shares outstanding. Capital expenditures for the quarter were broadly immaterial at $3,230, a rounding error against the burn rate.

The 424B5 filed on 23 July 2026 announces an intended acquisition of Psquared, with EvaMedia’s “relative size, measured in assets and revenues, is significantly larger than that of the Company,” according to the filing. The document also states the transaction was approved by the board under Nevada Revised Statutes Section 78.140, which is governance process rather than growth proof. Earlier filings include an 8-K dated 10 June 2026 announcing a letter of intent to acquire Psquared, an 8-K dated 5 June 2026 detailing a proposed name change, and multiple 8-Ks in June referencing share issuance and corporate actions. The SEC submissions JSON confirms the issuer’s CIK is 1983736 and lists these filings directly.

Eva Live’s product pages and press materials create an image of a high-velocity AI engine, but the filings show a company still in the cash-burn phase: revenue that trails losses, a modest cash pile, and a balance sheet that is more reliant on equity than operating performance. The tension sits between the promised autonomous future and the current cash constraints. Public filings remain the primary source for revenue, profitability, cash flow, and governance details; until those improve, the gap between the platform story and the receipts is the only thing expanding.

For context on the product set, the official Eva product pages outline NeuroServerAI Ad Engine, EVA Brain, and FastQuote Direct as the core offerings. EVA Brain is described as the “intelligent execution layer” of the NeuroServer, handling disconnected platforms and slow decision-making with a “continuously learning system.” FastQuote Direct uses AI to match users with providers across industries without forms or cross-site searches. These pages explain what the products claim to do; the 10-Q explains what the company actually collected.