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Two Hands Q2 FY26 net loss widens to $2.19 million; operating expenses climb to $2.08 million
- 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, stock-based compensation.
- Other expense narrowed to $109,976 from $128,716, helped by a $5,272 gain on debt settlement.
- Cash was $40,108 at June 30, 2026; 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, EntangleX; name change to Quantum X awaits FINRA clearance.
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. Two Hands Corporation 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: 0001494413-26-000039), on August 19, 2026, and is solely responsible for the information contained therein.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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