Quarterly ResultApr 30, 2026, 10:23 AM
FORT Technology 2025 Net Loss $5.83M; Revenue $10.85M; Reverse Recapitalization
AI Summary
Fort Technology Inc., a subsidiary of Jeffs' Brands Ltd, reported a net loss of $5,830 thousand for the year ended December 31, 2025, a significant decline from a net profit of $360 thousand in 2024. This loss was primarily driven by $3,459 thousand in non-recurring listing expenses related to its reverse recapitalization. Revenues, however, increased to $10,846 thousand from $9,875 thousand in the prior year. The company completed a reverse recapitalization on July 7, 2025, and secured $3.63 million through a convertible debenture private placement in August 2025, alongside a £2 million loan agreement.
Key Highlights
- Fort Technology Inc. reported a net loss of $5,830 thousand for the year ended December 31, 2025, compared to a $360 thousand profit in 2024.
- Revenues increased to $10,846 thousand in 2025 from $9,875 thousand in 2024.
- Gross profit decreased to $1,079 thousand in 2025 from $1,649 thousand in 2024.
- Operating loss was $1,260 thousand in 2025, compared to an operating profit of $528 thousand in 2024.
- Non-cash listing expenses related to the reverse recapitalization totaled $3,459 thousand in 2025.
- Completed a reverse recapitalization on July 7, 2025, with Nexera Technologies Ltd.
- Closed an August 2025 private placement of convertible debentures for gross proceeds of $3,630,476.
- Entered into an EEH Loan Agreement for £2,000,000.