Platinum Analytics swings to US$3.79 million net loss for six months ended March 31, 2026; revenue falls 91% to US$112,399
PLTS•Platinum Analytics reported a US$3.79 million net loss for the six months ended March 31, 2026, as revenue fell 91% to US$112,399. Management said conditions raise substantial doubt about the company’s ability to continue as a going concern for at least 12 months.
1. Six-month results
Platinum Analytics reported a US$3.79 million net loss for the six months ended March 31, 2026, swinging from net income. Revenue fell 91% to US$112,399 after previously contracted projects were completed and no new contracts were signed. Gross profit dropped 93% to US$43,278, while gross margin narrowed 14.2 percentage points to 38.5%; selling expenses rose to US$1.43 million and research and development expenses climbed to US$1.88 million as the company expanded R&D activities. Management said conditions raise substantial doubt about its ability to continue as a going concern for at least 12 months.
