Onar Q2 FY26 net loss narrows 20% to $1.12 million; revenue more than doubles to $1.05 million

Reuters2026/08/14 21:38

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Onar posted Q2 revenue of $1.05 million, more than doubled from a year earlier, while net loss narrowed 20% to $1.12 million.
Operating loss narrowed 72% to $275,823, while gross profit turned positive at $43,014 from a year-ago gross loss.
Interest expense climbed 376% to $831,797, reflecting interest costs and amortization of debt discount tied to 2025–2026 borrowings.
Deferred revenue rose to $405,014, while cash was $39,949 at June 30 with an $11.5 million working capital deficit.
Subsequent events included restructuring about $2.1 million of matured or accelerated obligations into payment plans through 2030; ONAR Labs began billing Cortex subscriptions at $1,000 per client per month.

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. Onar Holding 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: 0001477932-26-005103), on August 14, 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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Onar Q2 FY26 net loss narrows 20% to $1.12 million; revenue more than doubles to $1.05 million

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