{"success":true,"data":{"pressRelease":{"id":"35702","rtpr_id":"nGNX60Z4S1","ticker":"BGMS","exchange":"NASDAQ","all_tickers":["BGMS"],"title":"BIO GREEN MED SOLUTION REPORTS FIRST QUARTER FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE","author":"Globe Newswire","published_at":"2026-05-14T20:15:00.902Z","article_body":"KUALA LUMPUR, MALAYSIA, May 14, 2026 (GLOBE NEWSWIRE) -- Bio Green Med\nSolution, Inc. (NASDAQ: BGMS; “BGMS” or the “Company”), a diversified\ncompany engaged primarily in the provision of fire safety protection and\ndistribution activities, today announced first quarter financial results and\nprovided a business update.\n\nHighlights of the first quarter ended March 31, 2026, or in some cases shortly\nthereafter, include:\n\n   ●    In March, trading of the Company’s 6% Convertible Exchangeable Preferred Stock (listed on The Nasdaq Capital Market under the symbol “BGMSP”) was suspended and a Form 25-NSE was filed with the Securities and Exchange Commission, which removed the Company’s securities from listing and registration on The Nasdaq Stock Market. The delisting did not affect the Company’s Common Stock (listed on The Nasdaq Capital Market under the symbol “BGMS”).                \n   ●    In April, the Board of Directors of the Company declared a quarterly cash dividend of $0.15 per share on the Company’s 6% Convertible Exchangeable Preferred Stock, which cash dividend was paid on May 1, 2026, to holders of record as of the close of business on April 23, 2026.                                                                                                                                                                                        \n\nDatuk Dr. Doris Wong Sing Ee, Chief Executive Officer of the Company,\ncommented, \"We are pleased to report our first quarter 2026 results, which\nreflect meaningful progress in our strategic transformation. Since completing\nthe acquisition of Fitters Sdn. Bhd. in September 2025, we have successfully\ntransitioned our operations to focus on fire safety protection and\ndistribution, and we are encouraged by the early momentum in this business,\nwhich generated $0.8 million in product revenue during the quarter.” \"Our\nteam has also made significant strides in strengthening our cost structure.\nGeneral and administrative expenses declined by approximately $3.8 million\ncompared to the prior-year quarter, reflecting both the normalization of costs\nfollowing the changes of control in 2025 and the disciplined approach of our\ncurrent management team. We believe this leaner operating profile positions\nBGMS well as we scale our fire safety operations.\n\n\"While we reported a modest net loss of $0.2 million for the quarter, we\nremain confident in our path forward. With $3.3 million in cash and cash\nequivalents on hand, we estimate that our current resources will fund planned\nexpenditures into the fourth quarter of 2026. We remain focused on executing\nour growth strategy, expanding our fire safety product and service offerings,\nand driving long-term value creation for our shareholders.\"\n\nFinancial Highlights\n\nAs of March 31, 2026, cash and cash equivalents totaled $3.3 million, compared\nto $3.5 million as of December 31, 2025.\n\nNet cash used in operating activities was $0.3 million for the three months\nended March 31, 2026. The Company estimates that its current cash resources\nwill fund planned expenditure into the fourth quarter of 2026.\n\nFollowing the acquisition of Fitters Sdn. Bhd. on September 12, 2025, product\nrevenue from sales and distribution of fire safety equipment was $0.8 million\nfor the three months ended March 31, 2026.\n\nCost of sales related to sales and distribution of fire safety equipment was\n$0.6 million for the three months ended March 31, 2026.\n\nGeneral and administrative expenses decreased by approximately $3.8 million\nfrom $4.2 million for the three months ended March 31, 2025 to $0.4 million\nfor the three months ended March 31, 2026, due to several one-time costs\nassociated with the two changes of control of the Company during the prior\nperiod and lower operating costs of the company under current management.\n\nTotal other income, net, for the three months ended March 31, 2026, increased\nby approximately $71,000 from $8,000 for the three months ended March 31, 2025\nto $79,000 for the three months ended March 31, 2026, due largely to foreign\nexchange gains.\n\nIncome tax provision for the three months ended March 31, 2026, was\napproximately $30,000 and related to our fire safety business, acquired in\nSeptember 2025. There was no income tax provision for the three months ended\nMarch 31, 2025.\n\nNet income from discontinued operations was $4.1 million for the three months\nended March 31, 2025 and relates to our former operations from\nbiopharmaceutical activities. The net income consisted of operating losses of\n$0.8 million, offset by a gain on deconsolidation of our former subsidiary of\n$4.9 million.\n\nNet loss for the three months ended March 31, 2026, was $0.2 million, compared\nto $0.1 million for the same period in 2025.\n\nAbout Bio Green Med Solution, Inc.\n\nBGMS is a diversified company that was formerly engaged in the\nbiopharmaceutical industry but as of September 2025 has shifted its operations\nto focus on provision of fire safety protection and distribution activities.\nSpecifically, on September 12, 2025, the Company completed its acquisition of\nFitters Sdn. Bhd., a Malaysia-based group specializing in fire protection\nproducts and services. Headquartered in Malaysia, the Company is now focused\non advancing opportunities across these distinct sectors whilst maintaining\nits commitment to driving long-term value creation for shareholders. For\nadditional information, please visit www.bgmsglobal.com.\n\nForward-looking Statements\n\nExcept for historical information, certain matters discussed in this press\nrelease may be “forward-looking statements” within the meaning of the\nPrivate Securities Litigation Reform Act of 1995. These statements relate to\nfuture events or our future financial performance and involve various\nassumptions, known and unknown risks, uncertainties and other factors that may\ncause our actual results, levels of activity, performance or achievements to\nbe materially different from any future results, levels of activity,\nperformance or achievements expressed or implied by these forward-looking\nstatements. In some cases, you can identify forward-looking statements by\nwords such as “may,” “will,” “should,” “expects,”\n“intends,” “plans,” “anticipates,” “believes,”\n“estimates,” “predicts,” “potential” or other comparable words.\nActual results, performance or outcomes may differ materially from those\nexpressed or implied by these forward-looking statements and may not align\nwith historical performance and events due to a number of factors, including\nthose discussed in the sections of our annual report on Form 10-K entitled\n“Cautionary Statement Regarding Forward-Looking Statements” and “Risk\nFactors,” and those discussed in our Form 10-Q quarterly reports filed after\nsuch annual report. BGMS’s SEC filings are readily obtainable at no charge\nat www.sec.gov, as well as on its own investor relations website at\nhttps://investor.bgmsglobal.com/sec-filings. Although we believe that the\nexpectations reflected in the forward-looking statements are reasonable, we\ncannot guarantee future results, levels of activity, performance or\nachievements, and caution should be exercised against placing undue reliance\nupon such statements, which are based only on information currently available\nto us and speak only as of the date hereof. We are under no duty to update\npublicly any of the forward-looking statements after the date of this earnings\npress release, whether as a result of new information, future events or\notherwise, except as required by law.\n\nSOURCE:\nBio Green Med Solution, Inc.\ninfo@bgmsglobal.com\n\nBIO GREEN MED SOLUTION, INC.\nCONSOLIDATED STATEMENTS OF OPERATIONS (LOSS)\n(In $000s, except share and per share amounts)\n\n                                                                                              Three Months Ended                             \n                                                                                              March 31,                                      \n                                                                                              2026                         2025              \n                                                                                                                                             \n Revenues:                                                                                                                                   \n Product revenue - fire safety                                                                $     778                    $     -           \n Revenues                                                                                     $     778                    $     -           \n                                                                                                                                             \n Operating expenses:                                                                                                                         \n Cost of sales                                                                                      635                          -           \n General and administrative                                                                         389                          4,214       \n Total operating expenses                                                                           1,024                        4,214       \n Operating loss                                                                                     (246       )                 (4,214   )  \n Other income (expense):                                                                                                                     \n Foreign exchange gains (losses)                                                                    39                           (8       )  \n Interest income                                                                                    9                            6           \n Other income, net                                                                                  31                           10          \n Total other income, net                                                                            79                           8           \n Loss from continuing operations before taxes                                                       (167       )                 (4,206   )  \n Income tax provision                                                                               (30        )                 -           \n Net loss from continuing operations                                                                (197       )                 (4,206   )  \n Discontinued operations:                                                                                                                    \n Operating losses from discontinued operations                                                      -                            (822     )  \n Gain on deconsolidation of subsidiary                                                              -                            4,947       \n Net income from discontinued operations                                                            -                            4,125       \n Net loss                                                                                           (197       )                 (81      )  \n Dividend on convertible exchangeable preferred shares                                              (20        )                 -           \n Net loss applicable to common shareholders                                                   $     (217       )           $     (81      )  \n Basic and diluted earnings per common share:                                                                                                \n Net loss per share, continuing operations – basic and diluted (common shareholders)          $     (0.04      )           $     (11.52   )  \n Net income per share, discontinued operations – basic and diluted (common shareholders)      $     -                      $     11.29       \n                                                                                                                                             \n Weighted average common shares outstanding                                                         5,458,564                    365,231     \n\nBIO GREEN MED SOLUTION, INC.\nCONSOLIDATED BALANCE SHEET\n(In $000s, except share, per share, and liquidation preference amounts)\n\n                                                            March 31,         December 31,        \n                                                            2026              2025                \n                                                                                                  \n ASSETS                                                                                           \n Current assets:                                                                                  \n Cash and cash equivalents                                  $      3,339      $        3,505      \n Inventory                                                         947                 1,384      \n Accounts receivable                                               1,188               1,257      \n Prepaid expenses and other current assets                         148                 110        \n Total current assets                                              5,622               6,256      \n                                                                                                  \n Property and equipment, net Property and equipment, net           138                 137        \n Right-of-use lease asset                                          10                  12         \n Goodwill                                                          1,570               1,570      \n Property and equipment, net Non-current deposits                  224                 210        \n Total assets                                               $      7,564      $        8,185      \n LIABILITIES AND STOCKHOLDERS’ EQUITY                                                             \n Current liabilities:                                                                             \n Accounts payable                                           $      256        $        617        \n Accrued and other current liabilities                             540                 715        \n Total current liabilities                                         796                 1,332      \n Lease liability                                                   -                   2          \n Other liabilities                                                 8                   9          \n Total liabilities                                                 804                 1,343      \n                                                                                                  \n Stockholders’ equity                                              6,760               6,842      \n Total liabilities and stockholders’ equity                 $      7,564      $        8,185      \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/45a5dcca-de5c-4b89-84dc-f86101550df7)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX60Z4S1","title":"BIO GREEN MED SOLUTION REPORTS FIRST QUARTER FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE","author":"Globe Newswire","ticker":"BGMS","created":"2026-05-14T20:15:00.902Z","tickers":["BGMS"],"exchange":"NASDAQ","article_body":"KUALA LUMPUR, MALAYSIA, May 14, 2026 (GLOBE NEWSWIRE) -- Bio Green Med\nSolution, Inc. (NASDAQ: BGMS; “BGMS” or the “Company”), a diversified\ncompany engaged primarily in the provision of fire safety protection and\ndistribution activities, today announced first quarter financial results and\nprovided a business update.\n\nHighlights of the first quarter ended March 31, 2026, or in some cases shortly\nthereafter, include:\n\n   ●    In March, trading of the Company’s 6% Convertible Exchangeable Preferred Stock (listed on The Nasdaq Capital Market under the symbol “BGMSP”) was suspended and a Form 25-NSE was filed with the Securities and Exchange Commission, which removed the Company’s securities from listing and registration on The Nasdaq Stock Market. The delisting did not affect the Company’s Common Stock (listed on The Nasdaq Capital Market under the symbol “BGMS”).                \n   ●    In April, the Board of Directors of the Company declared a quarterly cash dividend of $0.15 per share on the Company’s 6% Convertible Exchangeable Preferred Stock, which cash dividend was paid on May 1, 2026, to holders of record as of the close of business on April 23, 2026.                                                                                                                                                                                        \n\nDatuk Dr. Doris Wong Sing Ee, Chief Executive Officer of the Company,\ncommented, \"We are pleased to report our first quarter 2026 results, which\nreflect meaningful progress in our strategic transformation. Since completing\nthe acquisition of Fitters Sdn. Bhd. in September 2025, we have successfully\ntransitioned our operations to focus on fire safety protection and\ndistribution, and we are encouraged by the early momentum in this business,\nwhich generated $0.8 million in product revenue during the quarter.” \"Our\nteam has also made significant strides in strengthening our cost structure.\nGeneral and administrative expenses declined by approximately $3.8 million\ncompared to the prior-year quarter, reflecting both the normalization of costs\nfollowing the changes of control in 2025 and the disciplined approach of our\ncurrent management team. We believe this leaner operating profile positions\nBGMS well as we scale our fire safety operations.\n\n\"While we reported a modest net loss of $0.2 million for the quarter, we\nremain confident in our path forward. With $3.3 million in cash and cash\nequivalents on hand, we estimate that our current resources will fund planned\nexpenditures into the fourth quarter of 2026. We remain focused on executing\nour growth strategy, expanding our fire safety product and service offerings,\nand driving long-term value creation for our shareholders.\"\n\nFinancial Highlights\n\nAs of March 31, 2026, cash and cash equivalents totaled $3.3 million, compared\nto $3.5 million as of December 31, 2025.\n\nNet cash used in operating activities was $0.3 million for the three months\nended March 31, 2026. The Company estimates that its current cash resources\nwill fund planned expenditure into the fourth quarter of 2026.\n\nFollowing the acquisition of Fitters Sdn. Bhd. on September 12, 2025, product\nrevenue from sales and distribution of fire safety equipment was $0.8 million\nfor the three months ended March 31, 2026.\n\nCost of sales related to sales and distribution of fire safety equipment was\n$0.6 million for the three months ended March 31, 2026.\n\nGeneral and administrative expenses decreased by approximately $3.8 million\nfrom $4.2 million for the three months ended March 31, 2025 to $0.4 million\nfor the three months ended March 31, 2026, due to several one-time costs\nassociated with the two changes of control of the Company during the prior\nperiod and lower operating costs of the company under current management.\n\nTotal other income, net, for the three months ended March 31, 2026, increased\nby approximately $71,000 from $8,000 for the three months ended March 31, 2025\nto $79,000 for the three months ended March 31, 2026, due largely to foreign\nexchange gains.\n\nIncome tax provision for the three months ended March 31, 2026, was\napproximately $30,000 and related to our fire safety business, acquired in\nSeptember 2025. There was no income tax provision for the three months ended\nMarch 31, 2025.\n\nNet income from discontinued operations was $4.1 million for the three months\nended March 31, 2025 and relates to our former operations from\nbiopharmaceutical activities. The net income consisted of operating losses of\n$0.8 million, offset by a gain on deconsolidation of our former subsidiary of\n$4.9 million.\n\nNet loss for the three months ended March 31, 2026, was $0.2 million, compared\nto $0.1 million for the same period in 2025.\n\nAbout Bio Green Med Solution, Inc.\n\nBGMS is a diversified company that was formerly engaged in the\nbiopharmaceutical industry but as of September 2025 has shifted its operations\nto focus on provision of fire safety protection and distribution activities.\nSpecifically, on September 12, 2025, the Company completed its acquisition of\nFitters Sdn. Bhd., a Malaysia-based group specializing in fire protection\nproducts and services. Headquartered in Malaysia, the Company is now focused\non advancing opportunities across these distinct sectors whilst maintaining\nits commitment to driving long-term value creation for shareholders. For\nadditional information, please visit www.bgmsglobal.com.\n\nForward-looking Statements\n\nExcept for historical information, certain matters discussed in this press\nrelease may be “forward-looking statements” within the meaning of the\nPrivate Securities Litigation Reform Act of 1995. These statements relate to\nfuture events or our future financial performance and involve various\nassumptions, known and unknown risks, uncertainties and other factors that may\ncause our actual results, levels of activity, performance or achievements to\nbe materially different from any future results, levels of activity,\nperformance or achievements expressed or implied by these forward-looking\nstatements. In some cases, you can identify forward-looking statements by\nwords such as “may,” “will,” “should,” “expects,”\n“intends,” “plans,” “anticipates,” “believes,”\n“estimates,” “predicts,” “potential” or other comparable words.\nActual results, performance or outcomes may differ materially from those\nexpressed or implied by these forward-looking statements and may not align\nwith historical performance and events due to a number of factors, including\nthose discussed in the sections of our annual report on Form 10-K entitled\n“Cautionary Statement Regarding Forward-Looking Statements” and “Risk\nFactors,” and those discussed in our Form 10-Q quarterly reports filed after\nsuch annual report. BGMS’s SEC filings are readily obtainable at no charge\nat www.sec.gov, as well as on its own investor relations website at\nhttps://investor.bgmsglobal.com/sec-filings. Although we believe that the\nexpectations reflected in the forward-looking statements are reasonable, we\ncannot guarantee future results, levels of activity, performance or\nachievements, and caution should be exercised against placing undue reliance\nupon such statements, which are based only on information currently available\nto us and speak only as of the date hereof. We are under no duty to update\npublicly any of the forward-looking statements after the date of this earnings\npress release, whether as a result of new information, future events or\notherwise, except as required by law.\n\nSOURCE:\nBio Green Med Solution, Inc.\ninfo@bgmsglobal.com\n\nBIO GREEN MED SOLUTION, INC.\nCONSOLIDATED STATEMENTS OF OPERATIONS (LOSS)\n(In $000s, except share and per share amounts)\n\n                                                                                              Three Months Ended                             \n                                                                                              March 31,                                      \n                                                                                              2026                         2025              \n                                                                                                                                             \n Revenues:                                                                                                                                   \n Product revenue - fire safety                                                                $     778                    $     -           \n Revenues                                                                                     $     778                    $     -           \n                                                                                                                                             \n Operating expenses:                                                                                                                         \n Cost of sales                                                                                      635                          -           \n General and administrative                                                                         389                          4,214       \n Total operating expenses                                                                           1,024                        4,214       \n Operating loss                                                                                     (246       )                 (4,214   )  \n Other income (expense):                                                                                                                     \n Foreign exchange gains (losses)                                                                    39                           (8       )  \n Interest income                                                                                    9                            6           \n Other income, net                                                                                  31                           10          \n Total other income, net                                                                            79                           8           \n Loss from continuing operations before taxes                                                       (167       )                 (4,206   )  \n Income tax provision                                                                               (30        )                 -           \n Net loss from continuing operations                                                                (197       )                 (4,206   )  \n Discontinued operations:                                                                                                                    \n Operating losses from discontinued operations                                                      -                            (822     )  \n Gain on deconsolidation of subsidiary                                                              -                            4,947       \n Net income from discontinued operations                                                            -                            4,125       \n Net loss                                                                                           (197       )                 (81      )  \n Dividend on convertible exchangeable preferred shares                                              (20        )                 -           \n Net loss applicable to common shareholders                                                   $     (217       )           $     (81      )  \n Basic and diluted earnings per common share:                                                                                                \n Net loss per share, continuing operations – basic and diluted (common shareholders)          $     (0.04      )           $     (11.52   )  \n Net income per share, discontinued operations – basic and diluted (common shareholders)      $     -                      $     11.29       \n                                                                                                                                             \n Weighted average common shares outstanding                                                         5,458,564                    365,231     \n\nBIO GREEN MED SOLUTION, INC.\nCONSOLIDATED BALANCE SHEET\n(In $000s, except share, per share, and liquidation preference amounts)\n\n                                                            March 31,         December 31,        \n                                                            2026              2025                \n                                                                                                  \n ASSETS                                                                                           \n Current assets:                                                                                  \n Cash and cash equivalents                                  $      3,339      $        3,505      \n Inventory                                                         947                 1,384      \n Accounts receivable                                               1,188               1,257      \n Prepaid expenses and other current assets                         148                 110        \n Total current assets                                              5,622               6,256      \n                                                                                                  \n Property and equipment, net Property and equipment, net           138                 137        \n Right-of-use lease asset                                          10                  12         \n Goodwill                                                          1,570               1,570      \n Property and equipment, net Non-current deposits                  224                 210        \n Total assets                                               $      7,564      $        8,185      \n LIABILITIES AND STOCKHOLDERS’ EQUITY                                                             \n Current liabilities:                                                                             \n Accounts payable                                           $      256        $        617        \n Accrued and other current liabilities                             540                 715        \n Total current liabilities                                         796                 1,332      \n Lease liability                                                   -                   2          \n Other liabilities                                                 8                   9          \n Total liabilities                                                 804                 1,343      \n                                                                                                  \n Stockholders’ equity                                              6,760               6,842      \n Total liabilities and stockholders’ equity                 $      7,564      $        8,185      \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/45a5dcca-de5c-4b89-84dc-f86101550df7)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-14T20:15:00.981432753Z","server_sent_at_ms":1778789700981},"received_at":"2026-05-14T20:15:01.232Z","source_url":"https://www.globenewswire.com/news-release/2026/05/14/3295402/0/en/BIO-GREEN-MED-SOLUTION-REPORTS-FIRST-QUARTER-FINANCIAL-RESULTS-AND-PROVIDES-BUSINESS-UPDATE.html"},"analysis":{"id":"25148","press_release_id":"35702","analysis_json":{"industry":{"label":"Security & Protection Services","sector":"Industrials"},"redFlags":["Preferred stock (BGMSP) delisted from Nasdaq","Micro-cap revenue scale ($0.8M quarterly)","Low cash runway ($3.3M) for a company with ongoing losses","History of discontinued operations and change of control"],"eventType":"earnings","narrative":"Bio Green Med Solution reported Q1 2026 revenue of $0.8 million from its newly acquired fire safety business, Fitters Sdn. Bhd., resulting in a net loss of $0.2 million.\n\nGeneral and administrative expenses dropped significantly to $0.4 million from $4.2 million in the prior year, reflecting the normalization of costs after the 2025 change of control.\n\nThe company’s 6% Convertible Exchangeable Preferred Stock (BGMSP) was delisted from Nasdaq in March, though the common stock (BGMS) remains listed. Management stated that current cash reserves of $3.3 million are sufficient to fund operations into Q4 2026.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap BGMS reports small Q1 revenue from new fire safety pivot; preferred stock delisted."},"keyFigures":{"revenue":778000,"guidance":"Current resources will fund planned expenditures into the fourth quarter of 2026","revenueYoy":"N/A","customDimensions":{"net_loss":197000,"g_and_a_expenses":389000,"g_and_a_prior_year":4214000,"cash_and_equivalents":3339000,"preferred_dividend_per_share":0.15}},"quotedText":"We are pleased to report our first quarter 2026 results, which reflect meaningful progress in our strategic transformation.","namedEntities":{"people":[{"name":"Datuk Dr. Doris Wong Sing Ee","role":"Chief Executive Officer"}],"products":[],"companies":[{"name":"Bio Green Med Solution, Inc.","ticker":"BGMS"},{"name":"Fitters Sdn. Bhd.","relationship":"acquired subsidiary"},{"name":"Securities and Exchange Commission","relationship":"regulator"},{"name":"The Nasdaq Stock Market","relationship":"exchange"}],"dollarAmounts":[{"amount":"$0.8 million","context":"product revenue from fire safety equipment"},{"amount":"$0.6 million","context":"cost of sales for fire safety equipment"},{"amount":"$3.8 million","context":"decline in general and administrative expenses"},{"amount":"$0.2 million","context":"net loss for the quarter"},{"amount":"$3.3 million","context":"cash and cash equivalents"},{"amount":"$0.15","context":"quarterly cash dividend per share on preferred stock"},{"amount":"$4.2 million","context":"G&A expenses prior-year quarter"},{"amount":"$0.4 million","context":"G&A expenses current quarter"},{"amount":"$71,000","context":"increase in other income"},{"amount":"$30,000","context":"income tax provision"},{"amount":"$4.1 million","context":"net income from discontinued operations (prior year)"},{"amount":"$0.8 million","context":"operating losses from discontinued operations (prior year)"},{"amount":"$4.9 million","context":"gain on deconsolidation of former subsidiary (prior year)"},{"amount":"$0.1 million","context":"net loss prior-year quarter"},{"amount":"$3.5 million","context":"cash and cash equivalents as of Dec 31, 2025"},{"amount":"$0.3 million","context":"net cash used in operating activities"}]},"materialImpact":{"score":2,"reasoning":"Routine Q1 earnings release for a micro-cap company with very small revenue ($0.8M). The primary news is the delisting of the preferred stock (BGMSP), which is a negative regulatory signal but does not affect the common stock (BGMS) directly. The company reports a small net loss and low cash reserves ($3.3M), indicating high risk but no immediate crisis."},"tickerRelevance":{"others":[{"ticker":"BGMSP","relevance":"delisted preferred stock of the filer"}],"primary":"BGMS"},"globalImportance":10,"audienceRelevance":5,"eventTypeSecondary":["dividend","regulatory"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine earnings with delisting side-note","sectorWeight":"low","householdBrandBoost":0,"marketCapAdjustment":"negative","retailFavoriteBoost":0}},"event_type":"earnings","event_type_secondary":["dividend","regulatory"],"sentiment":"neutral","material_impact_score":2,"narrative":"Bio Green Med Solution reported Q1 2026 revenue of $0.8 million from its newly acquired fire safety business, Fitters Sdn. Bhd., resulting in a net loss of $0.2 million.\n\nGeneral and administrative expenses dropped significantly to $0.4 million from $4.2 million in the prior year, reflecting the normalization of costs after the 2025 change of control.\n\nThe company’s 6% Convertible Exchangeable Preferred Stock (BGMSP) was delisted from Nasdaq in March, though the common stock (BGMS) remains listed. Management stated that current cash reserves of $3.3 million are sufficient to fund operations into Q4 2026.","key_figures":{"revenue":778000,"guidance":"Current resources will fund planned expenditures into the fourth quarter of 2026","revenueYoy":"N/A","customDimensions":{"net_loss":197000,"g_and_a_expenses":389000,"g_and_a_prior_year":4214000,"cash_and_equivalents":3339000,"preferred_dividend_per_share":0.15}},"named_entities":{"people":[{"name":"Datuk Dr. Doris Wong Sing Ee","role":"Chief Executive Officer"}],"products":[],"companies":[{"name":"Bio Green Med Solution, Inc.","ticker":"BGMS"},{"name":"Fitters Sdn. Bhd.","relationship":"acquired subsidiary"},{"name":"Securities and Exchange Commission","relationship":"regulator"},{"name":"The Nasdaq Stock Market","relationship":"exchange"}],"dollarAmounts":[{"amount":"$0.8 million","context":"product revenue from fire safety equipment"},{"amount":"$0.6 million","context":"cost of sales for fire safety equipment"},{"amount":"$3.8 million","context":"decline in general and administrative expenses"},{"amount":"$0.2 million","context":"net loss for the quarter"},{"amount":"$3.3 million","context":"cash and cash equivalents"},{"amount":"$0.15","context":"quarterly cash dividend per share on preferred stock"},{"amount":"$4.2 million","context":"G&A expenses prior-year quarter"},{"amount":"$0.4 million","context":"G&A expenses current quarter"},{"amount":"$71,000","context":"increase in other income"},{"amount":"$30,000","context":"income tax provision"},{"amount":"$4.1 million","context":"net income from discontinued operations (prior year)"},{"amount":"$0.8 million","context":"operating losses from discontinued operations (prior year)"},{"amount":"$4.9 million","context":"gain on deconsolidation of former subsidiary (prior year)"},{"amount":"$0.1 million","context":"net loss prior-year quarter"},{"amount":"$3.5 million","context":"cash and cash equivalents as of Dec 31, 2025"},{"amount":"$0.3 million","context":"net cash used in operating activities"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-14T20:36:48.885Z","global_importance":10,"audience_relevance":5,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine earnings with delisting side-note","sectorWeight":"low","householdBrandBoost":0,"marketCapAdjustment":"negative","retailFavoriteBoost":0}},"durationMs":76300,"modelName":"george-droid-qwen-72b"}}