IIOT-OXYS FY26 Q2 net loss widens to $621,702; reports no revenue - ITOX News | RalliesIIOT-OXYS FY26 Q2 net loss widens to $621,702; reports no revenue
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ITOX• Quarterly results
- IIOT-OXYS posted a net loss attributable to common stockholders of $621,702 for the quarter ended June 30, 2026, versus $50,411 a year earlier.
- No revenue was recorded, while operating expenses narrowed to $83,221 from $120,973 on lower professional fees.
- Other expense swung to $363,593 from other income of $95,644, driven by derivative fair-value losses and higher preferred stock dividends.
Management outlook
- Management said revenue growth in 2026 will be challenging amid funding constraints, while it explores a potential merger or acquisition.
Six-month loss widens
- For the six months ended June 30, 2026, net loss attributable to common stockholders widened to $1.02 million from $230,724.
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