Quarterly ResultAug 13, 2026, 04:20 PM
First America Resources Q2 Revenue +20% to $5.79M; Net Income $483K
AI Summary
First America Resources Corp reported strong Q2 2026 results, with revenue increasing 20% year-over-year to $5.79 million. The company achieved a net income of $483,011, a significant improvement from a net loss in the prior year period. For the six months ended June 30, 2026, revenue rose 20% to $10.59 million, and net income reached $780,241. Management also noted the alleviation of substantial doubt about its ability to continue as a going concern due to recent profitability and shareholder support.
Key Highlights
- Q2 2026 revenue increased 20% to $5.79 million from $4.82 million in Q2 2025.
- Q2 2026 net income was $483,011 ($0.01 EPS), compared to a net loss of $87,877 in Q2 2025.
- Six-month revenue increased 20% to $10.59 million from $8.85 million in the prior year.
- Six-month net income was $780,241 ($0.01 EPS), up from $287,252 in the prior year.
- Gross margin improved to 56% in Q2 2026 from 51% in Q2 2025.
- Cash provided by operations was $349,000 for six months, compared to $250,000 used in prior year.
- Stockholders' deficit improved to $(807,686) at June 30, 2026, from $(1,587,927) at Dec 31, 2025.
- Management concluded that substantial doubt about going concern has been alleviated.
Price Impact
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