Quarterly ResultAug 7, 2026, 04:39 PM
Fusemachines Q2 Revenue Down 8%; Cash Drops 91% to $368K
AI Summary
Fusemachines Inc. reported a decrease in revenue for the six months ended June 30, 2026, falling 8% to $3.67 million. While the net loss narrowed to $3.72 million from $4.04 million year-over-year, the company experienced a significant decline in its cash position. Cash and cash equivalents plummeted 91% to $368 thousand as of June 30, 2026, from $4.22 million at December 31, 2025, largely due to a substantial increase in cash used in operating activities.
Key Highlights
- Revenue for the six months ended June 30, 2026, decreased 8% to $3.67 million from $3.99 million.
- Net loss for the six months ended June 30, 2026, narrowed to $3.72 million from $4.04 million.
- Net loss per common share improved to $(0.13) for the six months ended June 30, 2026, from $(0.56).
- Cash and cash equivalents plummeted 91% to $368 thousand as of June 30, 2026, from $4.22 million.
- Net cash used in operating activities significantly increased to $3.51 million from $149 thousand.
- Total assets decreased 57.9% to $3.17 million as of June 30, 2026, from $7.54 million.
- Total stockholders' deficit increased to $(17.35) million from $(14.58) million.
Price Impact
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