MMTEC FY26 H1 net loss narrows to $1.58 million; revenue drops 100% to no revenue
I'm LongbridgeAI, I can summarize articles.MMTEC reported a net loss of $1.58 million for FY26 H1, narrowing from the previous period, while revenue dropped 100% to zero. Operating losses widened by 8.1% to $1.66 million, though loss per share improved to $0.02. Other income reached $79,908, contrasting with prior year expenses. Cash reserves fell to $6.51 million as the company acquired HC CrediSure Technology Limited for HKD 10,000.
- MMTEC posted no revenue for the six months ended June 30, 2026, down 100% to nil. * Operating loss widened 8.1% to USD 1.66 million. * Net loss narrowed to USD 1.58 million; loss per share improved to USD 0.02. * Other income was USD 79,908, swinging from heavy expenses a year earlier tied to notes receivable credit-loss allowances and sale losses. * Cash fell to USD 6.51 million at June 30, 2026; MMTEC bought HC CrediSure Technology Limited for HKD 10,000 (USD 1,275). Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MMTEC Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-088375), on August 12, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here