Fabric.ai Q2 FY26 net loss narrows to $12.48 million; R&D expense more than doubles to $689,892
I'm LongbridgeAI, I can summarize articles.Fabric.ai reported a narrowed Q2 FY26 net loss of $12.48 million, down from $14.14 million year-over-year. However, the operating loss widened to $3.33 million due to zero revenue and doubled operating expenses. R&D costs surged 97.1% to $689,892, while G&A rose 120.1% to $2.64 million. The company holds $3.64 million in cash equivalents and recently secured $21.5 million in Series K financing plus a $15 million joint development deal with Kopin.
- Fabric.ai posted a net loss of $12.48 million for the quarter ended June 30, 2026, narrowing from $14.14 million a year earlier. * Operating loss widened to $3.33 million as total operating expenses more than doubled to $3.33 million, with no revenue. * R&D expense climbed 97.1% to $689,892; general and administrative costs rose 120.1% to $2.64 million. * Cash and cash equivalents totaled $3.64 million at June 30, with $5.11 million restricted cash, $18.04 million marketable securities, working capital $30.62 million. * April financing included a $21.5 million Series K private placement; it also inked a Kopin joint development deal funding up to $15 million. 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. Fabric.ai 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: 0001493152-26-038445), on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here