CollPlant GAAP net loss narrows to $2.73 million in Q2 2026; revenue falls 40% to $108,000
CLGN•CollPlant reported a GAAP net loss of $2.73 million for the second quarter of 2026, while revenue fell 40% year over year to $108,000.
1. Quarterly results
CollPlant posted a GAAP net loss of $2.7 million for the quarter ended June 30, 2026, with a basic loss per share of $1.89. GAAP gross loss widened to $456,000 from $7,000, while operating expenses fell 31% to $2.2 million. The revenue decline was primarily attributed to lower rhCollagen-based product sales.
2. Cash and acquisition
Cash and cash equivalents totaled $2.6 million at June 30, 2026, and cash used in operating activities was $5.4 million for the six months. A September 2026 acquisition of LightSolver marked CollPlant’s entry into photonic computing; CEO Yehiel Tal cited up to 80,000-times acceleration in HLRS research.
