Circle8 Group posted Q2 net loss of USD 86.37 million, widening from the prior-year quarter; loss per share was USD 0.98.
Revenue more than doubled to USD 319.81 million, up 210.8% year over year, driven primarily by the Circle8 Acquisition.
Operating loss widened to USD 15.4 million; gross margin fell 3.7 percentage points to 7.4%.
Six-month performance and liquidity warning
Six-month net loss widened to USD 117.06 million; revenue climbed to USD 569.69 million, up 176.9% year over year.
Management flagged substantial doubt about going concern, citing forecast liquidity, net losses, negative working capital, and covenant considerations.
CIRC•
