Atlantis Glory Q2 FY26 net loss widens to $7,575; revenue remains no revenue
AGLY•Plans for a business combination
Management plans to pursue a business combination, including a potential reverse merger, and expects further costs tied to SEC reporting and deal evaluation.
Funding and going-concern concerns
Operations were funded principally through related-party borrowings, and a going-concern warning was flagged.
Q2 net loss widens with no revenue
Atlantis Glory posted a net loss of $7,575 for the quarter ended June 30, 2026, widening 4.84% year over year, with no revenue.
General and administrative expenses rose 4.84% to $7,575, driven by professional fees that were “more or less the same.”
Six-month loss and cash outflow increased
For the six months ended June 30, net loss widened 3.85% to $16,802, while net cash used in operating activities climbed to $23,122.
Cash and cash equivalents were nil at June 30.
