Qualis Innovations swings to 1H FY26 profit of $138,643; revenue hits $1.32 million
FOFA•Half-year profit and revenue growth
Qualis Innovations swung to a profit of $138,643 for the first half of FY26, while revenue reached $1.32 million.
For the quarter ended June 30, 2026, the company posted net revenue of $532,674, compared with no revenue a year earlier.
Other income rose on interest income
Other income increased to $29,394 from $4,090, primarily due to higher interest income.
Quarterly loss widened as expenses increased
Net loss before income taxes widened to $125,146 from $95,228 in the prior-year quarter.
Total operating expenses jumped 591.9% to $687,214, driven mainly by higher compensation, professional fees, rent, amortization, and bad debt.
