Kinetic Seas FY26 Q2 net income swings to USD 74,711; revenue turns to USD 519,750
KSEZ•Kinetic Seas reports higher revenue and lower operating expenses
- Kinetic Seas posted a net loss of $1.02 million for the six months ended June 30, 2026, narrowing from $1.24 million.
- Revenue rose to $1.07 million from $67,871, driven by $1.04 million in product sales; consulting revenue slipped to $25,895.
- Operating expenses fell 48% to $605,579, reflecting lower professional fees and payroll costs.
- Other expense widened to $1.48 million from other income of $30,247, due to a $1.6 million loss on debt extinguishment.
- Cash was about $0 at June 30, 2026; management said it needs additional capital to fund operations over the next 12 months.
