Quarterly ResultAug 13, 2026, 04:08 PM
Rank One Computing Completes IPO, Reports Q2 Net Loss $(0.82)M
AI Summary
Rank One Computing Corp. successfully completed its initial public offering in February 2026, raising approximately $24 million in gross proceeds. For the second quarter ended June 30, 2026, the company reported a net loss of $(0.82) million on sales of $5.09 million. Year-to-date, the net loss widened to $(3.85) million, despite a significant increase in cash and total assets following the IPO.
Key Highlights
- Completed IPO in February 2026, raising $24 million gross proceeds.
- Q2 2026 net loss of $(816,513) compared to net income of $581,204 in Q2 2025.
- Q2 2026 sales increased 2.5% to $5,092,982 from $4,968,922 in Q2 2025.
- H1 2026 net loss widened to $(3,854,707) from $(155,360) in H1 2025.
- Cash balance surged to $11,913,463 as of June 30, 2026, from $270,560.
- Total assets increased to $21,970,773 from $6,965,621 as of December 31, 2025.
- R&D Contracts revenue grew 40.9% to $2,990,707 in Q2 2026.
- ROC SDK revenue increased 83.9% to $1,590,311 in Q2 2026.
Price Impact
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