Quarterly ResultAug 13, 2026, 04:21 PM
Fort Technology Lists on Nasdaq, Converts Debentures; H1 Net Loss $1.34M
AI Summary
Fort Technology Inc. reported its unaudited interim condensed consolidated financial statements for the six months ended June 30, 2026, showing a net loss of $1.34 million on revenues of $7.36 million. The company's common shares commenced trading on the Nasdaq Capital Market on June 8, 2026, under the symbol "FRTT." This milestone triggered the issuance of 1,571,429 Contingent Right Shares to Nexera and the automatic conversion of $3.63 million in convertible debentures into common shares and warrants.
Key Highlights
- Common shares commenced trading on Nasdaq Capital Market on June 8, 2026.
- $3.63 million convertible debentures automatically converted into 1.95 million common shares and warrants.
- H1 2026 revenues increased 49.6% to $7.36 million from $4.92 million in H1 2025.
- H1 2026 net loss widened to $1.34 million from $0.10 million in H1 2025.
- Total assets increased to $7.92 million as of June 30, 2026, from $7.49 million at Dec 31, 2025.
- Total liabilities decreased to $2.88 million as of June 30, 2026, from $4.70 million at Dec 31, 2025.
- Cash and cash equivalents rose to $0.78 million from $0.61 million at Dec 31, 2025.
Price Impact
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