Quarterly ResultAug 3, 2026, 03:56 PM
Fast Casual Concepts Q2 Net Loss $(9,394); Going Concern Warning
AI Summary
Fast Casual Concepts, Inc. reported a net loss of $9,394 for the three months ended June 30, 2026, compared to a net loss of $37,028 in the prior year, primarily due to the discontinuation of previous operations. Revenue from digital marketing services increased to $27,900 for the quarter. However, the company continues to face substantial doubt about its ability to continue as a going concern due to accumulated losses and negative cash flows from operations, with a working capital deficit of $18,686.
Key Highlights
- Net loss for the three months ended June 30, 2026, was $(9,394).
- Revenue from digital marketing services for Q2 2026 increased to $27,900.
- Operating expenses for Q2 2026 rose to $36,225 from $11,765 in Q2 2025.
- Total liabilities stood at $176,851 as of June 30, 2026.
- Total stockholders' deficit was $(166,170) as of June 30, 2026.
- Cash balance was $6,306 as of June 30, 2026.
- The company reported a working capital deficit of $18,686.
- Received $33,000 in notes payable from a related party during H1 2026.
Price Impact