Fusemachines posted Q2 revenue of $1.79 million, down 12%, while net loss narrowed to $2.85 million from $3.79 million.
Operating loss widened to $2.69 million from $852,000 as operating expenses climbed to $3.65 million from $2.06 million.
General and administrative costs jumped to $2.98 million from $1.57 million, driven by $399,000 of restricted stock unit expense and higher audit and consulting fees.
Six-month performance
For the six months ended June 30, revenue fell 8% to $3.67 million, while net loss narrowed to $3.72 million from $4.04 million.
Liquidity and financing
Liquidity remained tight with cash of and a working capital deficit; a committed equity facility was signed on .
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