---
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)
---

# 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.

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