Quarterly ResultAug 13, 2026, 04:51 PM
Applied Energetics Q2 Net Loss $(4.28)M; Going Concern Warning
AI Summary
Applied Energetics, Inc. reported a net loss of $(4.28) million for the three months ended June 30, 2026, and $(8.09) million for the six months ended June 30, 2026. The company's revenue significantly decreased, and it experienced negative cash flows from operations, leading management to raise substantial doubt about its ability to continue as a going concern. Cash and total stockholders' equity also saw significant declines, with preferred stock dividends in arrears.
Key Highlights
- Management raised substantial doubt about the company's ability to continue as a going concern.
- Net loss for Q2 2026 was $(4.28) million, compared to $(3.79) million in Q2 2025.
- Net loss for the six months ended June 30, 2026, was $(8.09) million, up 17.3% YoY.
- Revenue for the six months ended June 30, 2026, was $62,000, a 77.9% decrease YoY.
- Cash and cash equivalents decreased 82.6% to $1.12 million from December 31, 2025.
- Total stockholders' equity decreased 71.0% to $2.19 million from December 31, 2025.
- Net cash used in operating activities for six months was $(5.12) million.
- Preferred stock dividend arrearages totaled approximately $447,638.
Price Impact
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