Abundia Revenue Rises 51% as Loss Narrows Amid Going-Concern Doubt

Abundia Global Impact Group, Inc. increased third-quarter revenue 51% year over year and narrowed its net loss, but reported a $7.32 million working capital deficit and substantial doubt about continuing operations.

Revenue for the quarter ended Sept. 30 was $2.32 million, compared with $1.54 million a year earlier. Growth in engineering and process development followed a facility relocation. Gross profit was $473,324, reversing a $58,840 gross loss in the year-earlier quarter.

The company’s net loss was $3.6 million, down from $21.1 million. The 2025 quarter included $15.7 million in noncash fees tied to a share exchange and an equity line of credit; those fees did not recur this year.

RPD Technologies Americas, LLC (RPD), which Abundia acquired in April 2026, generated $2.17 million in quarterly revenue, up from $1.31 million. The comparable 2025 figures were revised to include RPD’s results. Abundia’s renewables segment has not yet generated revenue from product sales.

At Sept. 30, Abundia had $2.81 million in cash and cash equivalents. Its ability to continue as a going concern carries substantial doubt within one year after the financial statements were issued, and its ability to operate over that period depends on obtaining debt or equity financing.

In a Nov. 9 business update, Abundia said it had completed the first phase of its Cedar Port project in Baytown, Texas, including an engineering facility for RPD.