Renewal Fuels Q2 FY26 net loss widens to $1.28 million; revenue turns to $58,000
AMFN•Q2 FY26 results
Renewal Fuels posted a Q2 net loss of $1.28 million, widening from a net loss of $55,319 a year earlier.
Revenue was $58,000, compared with no revenue a year earlier. Gross margin was $8,000 on cost of revenue of $50,000.
Operating loss widened to $1.25 million as operating expenses rose to $1.25 million, led by consulting fees of $543,232.
Balance sheet and subsequent update
Cash and cash equivalents totaled $79,341 at June 30, with a working capital deficit of $1.71 million.
Subsequent to quarter-end, Texas DSHS issued a radiation machine registration for R&D testing in Lubbock through Feb. 28, 2034.
