QTREX Quantum FY26 H1 net loss narrows to $6.4 million; revenue rises 438% to $1.55 million
QTEX•QTREX Quantum reported first-half revenue of $1.55 million, up 438%, and a net loss of $6.4 million, or $0.14 per share. Cash, cash equivalents and deposits totaled $10.7 million at June 30.
1. First-half results
QTREX Quantum posted first-half revenue of $1.55 million, up 438%, with a gross margin of 61%. Net loss was $6.4 million, or $0.14 per share, compared with $6.4 million, or $0.24 per share, a year earlier. Operating loss narrowed to $6.9 million from $7.2 million, while operating expenses rose to $7.9 million from $7.2 million.
2. Cash and outlook
Cash, cash equivalents and deposits totaled $10.7 million at June 30, up from $3.2 million at December 31. The company launched INSU300 on September 23, and management expects additional commercial agreements in the fourth quarter and a 2027 outlook.
