Quarterly ResultAug 3, 2026, 04:03 PM
Eva Live Reports Q2 Net Loss of $1.75M; Revenue $4.2M
AI Summary
Eva Live Inc. reported a net loss of $1.75 million for the second quarter of 2026, a significant decline from a net income of $2.63 million in the prior year period, despite a slight increase in revenue to $4.20 million. For the six months ended June 30, 2026, the company posted a net loss of $10.31 million. Strategically, Eva Live formed a new subsidiary, Eva Defense Inc., and entered into non-binding letters of intent to acquire Psquared Inc. and Airbeam Wireless Technologies Inc., while discontinuing the Spiro Senior Care transaction. The company also settled $3.0 million of debt with Psquared in exchange for a 10% equity stake.
Key Highlights
- Net loss for Q2 2026 was $1.75 million, down from $2.63 million net income in Q2 2025.
- Total revenue for Q2 2026 increased slightly to $4.20 million from $4.14 million YoY.
- Six-month net loss was $10.31 million, compared to $4.62 million net income in H1 2025.
- Formed Eva Defense Inc. subsidiary to pursue drone and defense tech acquisitions.
- Entered non-binding LOI to acquire Psquared Inc., a performance-marketing company.
- Entered non-binding LOI to acquire 51% of Airbeam Wireless Technologies Inc.
- Settled $3.0 million debt with Psquared Inc. for a 10% equity interest.
- Discontinued pursuit of the Spiro Senior Care transaction.
Price Impact
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