GBT Technologies net loss widens 79% to $385,941 in Q2 FY26
GTCH•Second-quarter loss widens on higher other expense
GBT Technologies posted a net loss of $385,941 for the quarter ended June 30, widening 79% year over year.
- Operating expenses fell 32% to $77,628, primarily on no marketing spend as liquidity constraints curtailed activity.
- Other expense more than doubled to $308,313, driven mainly by higher derivative liabilities and amortization of debt discount.
For the six months ended June 30, net loss widened 80% to $573,651 as other expense rose 143% to $488,728.
Cash and cash equivalents were $0 at June 30, with a $10.87 million working capital deficit and accumulated deficit of 296,570,132.
