Quarterly ResultJul 30, 2026, 05:22 PM
Dror Ortho-Design Reports Q2 Net Loss $(625K), Going Concern Warning
AI Summary
Dror Ortho-Design reported a net loss of $(625,143) for the second quarter of 2026 and $(1,263,809) for the six months ended June 30, 2026. The company's accumulated deficit grew to $(23,315,352) and negative working capital reached $(3,751,932), leading to a substantial doubt about its ability to continue as a going concern. Total liabilities increased to $4.30 million, while cash decreased to $93,563.
Key Highlights
- Net loss for Q2 2026 was $(625,143), compared to $(759,338) in Q2 2025.
- Net loss for H1 2026 was $(1,263,809), compared to $(1,335,461) in H1 2025.
- Accumulated deficit reached $(23,315,352) as of June 30, 2026.
- Negative working capital was $(3,751,932) as of June 30, 2026.
- Total liabilities increased to $4,303,209 from $3,132,647 at year-end 2025.
- Cash balance decreased to $93,563 from $228,540 at year-end 2025.
- Convertible promissory notes, net, increased to $1,873,777 from $1,308,229.
- Derivative liability increased to $993,779 from $722,192.
Price Impact
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