Solidion net loss widens to $2.89 million in Q2 2026; net sales rise to $124,914

Solidion Technology posted a net loss of $2.89 million for the quarter ended June 30, 2026, widening from $2.11 million a year earlier.

Net sales rose to $124,914 from $4,000, driven primarily by government grant revenue recognized during the quarter.

Operating expenses fell 16.58% to $1.49 million on lower general and administrative costs, with reduced research and development spending.

Total other expense widened to $1.52 million from $326,735, including a $917,780 derivative fair-value loss and a $549,915 write-off of deferred offering costs.

The company completed a June private placement raising about $32.2 million net; cash and cash equivalents totaled $27.68 million at June 30, 2026.