Quarterly ResultAug 3, 2026, 04:39 PM
NewHydrogen Q2 Net Loss Widens to $(917,822); Going Concern Doubt
AI Summary
NewHydrogen, Inc. reported a widened net loss of $(917,822) for the three months ended June 30, 2026, compared to $(623,704) in the prior year, with no revenue generated in either period. For the six months, the net loss increased to $(1,740,818) from $(1,099,798). The company's accumulated deficit reached $182.5 million, and it used $1.46 million in cash from operations, raising substantial doubt about its ability to continue as a going concern. The company continues to focus on developing green hydrogen production technology and secured $763,035 from equity financing.
Key Highlights
- Net loss for Q2 2026 widened to $(917,822) from $(623,704) in Q2 2025.
- Six-month net loss increased to $(1,740,818) from $(1,099,798) year-over-year.
- Accumulated deficit reached $(182,530,308) as of June 30, 2026.
- Cash used in operating activities was $(1,460,435) for the six months ended June 30, 2026.
- Cash balance decreased to $739,528 as of June 30, 2026, from $1,436,928 at year-end 2025.
- Raised $763,035 from common stock issuance through an equity financing agreement.
- Research and development expenses significantly increased to $674,387 for six months 2026 from $249,385 in 2025.
- Company faces substantial doubt about its ability to continue as a going concern.
Price Impact
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