iTonic net loss more than triples to $6.78 million as revenue rises 49% to $100,906
ITOC•iTonic Holdings reported revenue of $100,906 for the six months ended June 30, 2026, up 49%, while net loss widened to $6.78 million. The company completed a PIPE financing that generated $20 million in gross proceeds.
1. Six-month results
iTonic Holdings reported revenue of $100,906 for the six months ended June 30, 2026, up 49%. Net loss widened to $6.78 million, while net loss per ordinary share narrowed to $0.095. Cash and cash equivalents fell to $779,367, and total assets rose to $26.58 million.
2. Impairments and financing
The company recorded a goodwill impairment loss of $977,841 and an impairment loss on intangible assets of $718,258. It completed a PIPE financing, issuing 100 million Class A ordinary shares at $0.20 each for $20 million in gross proceeds.
