Quarterly ResultAug 12, 2026, 05:24 PM
Advasa Holdings Q2 Revenue +23% to $6.9M; Net Income $3.5M
AI Summary
Advasa Holdings reported a 23.26% increase in revenue to $6.9 million and a 1.61% rise in net income attributable to stockholders to $3.5 million for the three months ended June 30, 2026, compared to the prior year. Despite revenue growth, the company experienced a significant decrease in cash and cash equivalents, falling to $1.5 million from $12.1 million at March 31, 2026, primarily due to $6.3 million in convertible bond repayments and increased cash used in operating activities.
Key Highlights
- Revenue increased by 23.26% to $6.899 million for the three months ended June 30, 2026.
- Net income attributable to stockholders rose by 1.61% to $3.530 million.
- Basic and diluted net income per share remained flat at $0.0072.
- Cash and cash equivalents decreased to $1.506 million from $12.104 million quarter-over-quarter.
- Repaid $6.269 million in convertible bonds during the quarter.
- Net cash used in operating activities increased to $3.976 million outflow.
- Total Stockholders' Equity increased by 18.74% to $21.657 million.
Price Impact
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