Corvex reports Q1 2026 revenue of $510K following OpCo acquisition completion

Corvex (formerly Movano) completed its acquisition of Corvex OpCo on March 19, 2026 and reported Q1 revenue of $510K with a net loss of $5.1M, though adjusted EBITDA loss improved 67% year-over-year to $(1.6)M. The company ended Q1 with $29.3M in cash and $4.4M in deferred revenue, positioning itself as a GPU-accelerated AI computing platform.