Innovative Payment Solutions Q2 FY26 net loss narrows to $12.77 million; no revenue - IPSI News | RalliesInnovative Payment Solutions Q2 FY26 net loss narrows to $12.77 million; no revenue
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IPSI• Q2 loss narrows but company remains pre-revenue
- Innovative Payment Solutions posted a GAAP net loss attributable to common stockholders of $12.77 million for Q2 2026, narrowing 41.9%.
- General and administrative expenses climbed to $368,366, more than doubling, while revenue remained at no revenue.
- Loss on settlement and repricing of convertible notes widened to $20.23 million, up 33.1%, while derivative liability movements rose to $8.19 million.
- Cash was $48 at June 30, 2026, with a working capital deficit of $23 million, including a derivative liability of $12.6 million.
- Operations stayed pre-revenue as it pivoted toward Jetties (IPSIPAY) and FINAP USA payment-processing joint ventures, both not yet commenced.
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