PAID net loss narrows to $7,403 in Q2 FY26; revenue rises 8% to $5.87 million
PAYD•Segment performance
- Shipping coordination and label generation revenue climbed 8% to $5.84 million, driven by pricing and sales initiatives.
Quarterly revenue and profit trends
- PAID posted Q2 revenue up 8% to $5.87 million; net loss narrowed to $7,403 from $397,349 a year earlier.
- Gross profit rose to $1.22 million; gross margin slipped 1 percentage point to 21%.
Six-month results and balance sheet
- Six-month revenue increased 14% to $11.19 million; net loss narrowed to $48,934 from $546,122 a year earlier.
- Cash and cash equivalents totaled $1.08 million at June 30; net working capital deficit improved to $230,140.
