Quarterly ResultAug 13, 2026, 04:45 PM
Quantum X Labs Inc. Q2 Net Income $2.42M; Going Concern Warning
AI Summary
Quantum X Labs Inc. (formerly Viewbix Inc.) reported a net income attributable to shareholders of $2.485 million for Q2 2026, a significant improvement from a $11.658 million loss in Q2 2025. This turnaround was primarily driven by a $3.831 million gain from the deconsolidation of CliniQuantum. However, revenues declined by 20.8% to $293 thousand, and the operating loss widened to $1.395 million. The company also issued a going concern warning due to declining revenues and increased operating losses, despite strategic shifts into quantum technology and recent fundraising efforts.
Key Highlights
- Net income attributable to shareholders was $2.485M in Q2 2026 vs. $(11.658)M loss in Q2 2025.
- Revenues decreased 20.8% to $293K in Q2 2026 from $370K in Q2 2025.
- Operating loss widened to $(1.395)M in Q2 2026 from $(1.023)M in Q2 2025.
- Recognized a $3.831M gain from deconsolidation of CliniQuantum in Q2 2026.
- Company issued a going concern warning due to declining revenues and operating losses.
- Cash and cash equivalents increased to $2.435M as of June 30, 2026.
- Total assets rose to $31.167M as of June 30, 2026, from $10.757M in Dec 2025.
- Changed name to Quantum X Labs Inc. and ticker to QXL effective April 30, 2026.
Price Impact
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