First Breach net loss widens 520% to $13.88 million in Q2 FY26 - FBDT News | RalliesFirst Breach net loss widens 520% to $13.88 million in Q2 FY26
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FBDT• Second-quarter results widen loss
- First Breach posted a net loss of $13.88 million for the quarter ended June 30, 2026, widening 520% year over year.
- Revenue was $95,353, up $134, while selling, general and administrative expense jumped to $11.2 million, up 1,183%.
- Operating loss widened to $11.84 million, up 609%, as interest expense, net climbed to $1.86 million, up 220%.
Balance sheet and joint venture update
- Cash totaled $4.92 million at June 30, 2026; working capital was negative $8.23 million, worsening from year-end 2025.
- UAS joint venture First Forge remains pre-revenue; signed a Master Services Agreement with Hellbender to prototype two Class 1 FPV drones.
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