--- title: "Flash Sports & Media | 8-K: FY2026 Q2 Revenue: USD 44.32 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/296227769.md" datetime: "2026-08-18T12:24:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296227769.md) - [en](https://longbridge.com/en/news/296227769.md) - [zh-HK](https://longbridge.com/zh-HK/news/296227769.md) generator: "portal-rs" --- # Flash Sports & Media | 8-K: FY2026 Q2 Revenue: USD 44.32 K Revenue: As of FY2026 Q2, the actual value is USD 44.32 K. EPS: As of FY2026 Q2, the actual value is USD -0.91. EBIT: As of FY2026 Q2, the actual value is USD -3.984 M. #### Total Stockholders’ Equity Total stockholders’ equity was $191.9 million at June 30, 2026, compared with a stockholders’ deficit of - $45.2 million at December 31, 2025. #### Cash and Cash Flow Cash was $2.4 million at June 30, 2026, compared with $0.1 million at December 31, 2025. Financing activities generated $5.5 million of net cash during the first half of 2026. Net cash used in operating activities of continuing operations was - $3.5 million for the six months ended June 30, 2026. #### Loss from Discontinued Operations Loss from discontinued operations narrowed 90.1%, to $1 million for the first half of 2026 from $9.6 million for the first half of 2025. #### Revenue Revenue from continuing operations was $0.1 million for the second quarter of 2026. On a pro forma basis, revenue would have been $0.1 million for the second quarter of 2026 and $0.5 million for the first half, compared with $0.7 million and $2.3 million for the corresponding 2025 periods. The pro forma revenue for the second quarter of 2026 declined 93.8% compared to the second quarter of 2025. #### Operating Expenses and Loss Total operating expenses were $6.5 million for the second quarter, comprising $2.8 million of general and administrative expense and $3.7 million of non-cash amortization of intangible assets acquired in the merger. Loss from operations was - $6.5 million. #### Net Loss Net loss was - $8 million for the second quarter of 2026, compared with a net loss of - $6.2 million in the second quarter of 2025, representing a 29.5% widening of the loss. Net loss per share was - $0.91 per basic and diluted share, compared with - $10.64 per share in the second quarter of 2025, an improvement of 91.4%. Non-operating expense of $1.5 million included $2.5 million of interest expense, a - $1.5 million non-cash loss on issuance of derivatives, and a $2.4 million non-cash gain from the change in fair value of derivative liabilities. #### Balance Sheet Items Total assets were $266 million at June 30, 2026, compared with $0.3 million at December 31, 2025. This included $122.8 million of goodwill and $132.6 million of net identifiable intangible assets recognized in the merger. At June 30, 2026, the company had $3.4 million of contract liabilities, primarily representing franchise, sponsorship, and production fees billed or received in advance for Season 6 performance. Deferred contract costs were $3.7 million at June 30, 2026. #### Liquidity The company had a working capital deficiency of - $63.6 million and an accumulated deficit of - $136 million at June 30, 2026. Current liabilities included $39.7 million of liabilities of discontinued operations relating to the wind down of the legacy controlled environment agriculture business. #### Outlook / Guidance Flash Sports & Media Holdings, Inc. expects substantially all of the $3.4 million in contract liabilities related to Lanka Premier League Season 6 to be recognized as revenue in the third quarter of 2026, following the season’s delivery. Management anticipates that the third quarter will provide a clearer view of the business’s operating performance and revenue-generating capability. The company’s business plans are subject to execution risks, market conditions, and its ability to finance and commercialize its sports and media initiatives. ### Related Stocks - [FLZH.US](https://longbridge.com/en/quote/FLZH.US.md) ## Related News & Research - [Flash Sports & Media chairman says LPL media rights and FLASHSM app generate revenue today in Floorstocks interview](https://longbridge.com/en/news/295109096.md) - [Flash Sports & Media Addresses Nasdaq Trading Suspension](https://longbridge.com/en/news/297098540.md) - [Global Brain makes follow-on investment in short-form content studio FLASH](https://longbridge.com/en/news/294891490.md) - [Flash Sports & Media director Surendra Ajjarapu files initial beneficial ownership statement](https://longbridge.com/en/news/293793432.md) - [Flash Sports & Media director Rahul Johri files initial beneficial ownership statement](https://longbridge.com/en/news/293250730.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**