Gaxos swings to GAAP net income of $241,056 in Q2 FY26; revenue rises 35.8% sequentially to $2.46 million
Reuters2026/08/12 20:13- Gaxos.ai posted second-quarter revenue of $2.46 million, up 35.8% sequentially and up 1,337% from a year earlier.
- GAAP net income was $241,056, swinging to profit on a gain from the gaming asset sale; EPS was $0.02.
- Advertising and marketing expense climbed 13.5% sequentially to $3.14 million; revenue per advertising dollar rose 20% to $0.78.
- Cash and short-term investments totaled $11.44 million at June 30, 2026, down from the prior quarter.
- Completed sale of substantially all gaming assets to Game Foundry AI for 2.2 million shares valued at $1.76 million.
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.
You may also like
"Expensive Protection" Arbitrage Opportunities in a Calm US Stock Market: SocGen Recommends Selling Short-Term Tail Volatility, but Hedging Against Crash Risks
Société Générale stated that the surge in short-term S&P 500 option premiums is creating attractive opportunities for selling volatility strategies, but it is necessary to hedge against downside risk.
BUUU Group signs deal to buy 60% stake in modular data center provider Brightray Science
Goldman Sachs remains bullish on the South Korean stock market: Driven by the AI memory boom, with a potential upside of up to 80%.
Goldman Sachs strategist Timothy Moe maintains his bullish target on the South Korean stock market, believing that investors are underestimating how long the benefits of artificial intelligence (AI) will last for the country's memory chip manufacturers.
Crypto prices
More
