Fabric.ai Q2 FY26 net loss narrows to $12.48 million; R&D expense more than doubles to $689,892
FABC•Cash position and financing update
Cash and cash equivalents totaled $3.64 million at June 30, with $5.11 million restricted cash, $18.04 million marketable securities, and working capital of $30.62 million.
April financing included a $21.5 million Series K private placement; the company also inked a Kopin joint development deal funding up to $15 million.
Quarterly net loss narrows despite no revenue
Fabric.ai posted a net loss of $12.48 million for the quarter ended June 30, 2026, narrowing from $14.14 million a year earlier.
Operating loss widened to $3.33 million as total operating expenses more than doubled to $3.33 million, with no revenue.
Research and development and administrative costs rise
R&D expense climbed 97.1% to $689,892; general and administrative costs rose 120.1% to .
