SportsQuest Q2 FY26 net loss narrows to USD 27,702
SPQS•Quarterly loss narrows as cash remains tight
SportsQuest posted a net loss of USD 27,702 for the quarter ended June 30, 2026, narrowing from USD 63,642 a year earlier.
Cash totaled USD 3,033 at June 30, 2026, while the working capital deficit stood at USD 487,707.
Costs driven by administrative, consulting and interest expense
Operating costs were driven mainly by administrative expenses, consulting services, and interest expense.
Management flagged “substantial doubt” about going-concern status, citing recurring losses and limited cash resources.
Funding continued through convertible notes and equity issuances
The company continued funding operations primarily through convertible notes and equity issuances, operating as a single reportable segment.
