Trinity Place FY26 Q2 net loss narrows to $144,000; revenue holds at no revenue

Cash and cash equivalents dipped to $180,000 at June 30 from $216,000 at Dec. 31, 2025; note payable climbed to $1.66 million from $1.34 million.

Federal net operating loss carryforwards totaled about $329.9 million, with a $90.4 million valuation allowance; charter limits certain 4.75% stock transfers.

Six-month net loss improved to $298,000 from $4.16 million, as operating expenses fell to $232,000 from $1.44 million.

Trinity Place Holdings posted a Q2 net loss of $144,000, narrowing from a $507,000 loss a year earlier.

• Operating loss shrank to $106,000 from $427,000, while interest expense rose to $38,000 from $25,000.