Two Hands Q2 FY26 net loss widens to $2.19 million; operating expenses climb to $2.08 million - TWOH News | RalliesTwo Hands Q2 FY26 net loss widens to $2.19 million; operating expenses climb to $2.08 million
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TWOH• Q2 FY26 results
- Two Hands posted a net loss of $2.19 million, widening 550% from the prior-year quarter.
- Operating expenses climbed to $2.08 million, up 900%, driven by higher consulting, office costs, professional fees, and stock-based compensation.
- Other expense narrowed to $109,976 from $128,716, helped by a $5,272 gain on debt settlement.
Cash position and strategy
- Cash was $40,108 at June 30, 2026; the working-capital deficit widened to $2.45 million from $2.01 million at Dec. 31, 2025.
- Strategy shifted toward AI and quantum computing with products Pegasus, Scalova, and EntangleX; the name change to Quantum X awaits FINRA clearance.
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