Functional Brands FY26 Q2 net loss widens to $2.63 million; net revenue rises 2% to $1.87 million
MEHA•Quarterly results
- Functional Brands posted a GAAP net loss of $2.63 million for the quarter ended June 30, 2026, widening from a year earlier.
- Net revenue rose 2% to $1.87 million, while operating loss widened to $1.32 million.
Expenses and other items
- General and administrative expenses more than doubled to $2.1 million, while sales and marketing expenses more than doubled to $340,384.
- Other expense ballooned to $1.31 million, driven by a $967,942 loss from changes in fair value of derivative liabilities.
Default and going-concern risk
- Series C and Senior Secured Convertible Notes fell into default, lifting the Series C dividend rate to 24% and raising going-concern uncertainty.
Related News
Celldex posts investor presentation highlighting barzolvolimab late-stage chronic urticaria program milestones
CLDX•
PACS Group President, COO Joshua Jergensen disposes of USD 1.82 million in common shares
PACS•
