RMX net loss more than doubles to USD 11.05 million in Q2 FY26; revenue drops 89% to USD 1,440
Reuters2026/08/13 13:03- RMX Industries posted a net loss of USD 11.05 million for the quarter ended June 30, 2026, widening from year-ago levels.
- Revenue fell 89% to USD 1,440, reflecting early commercialization of QuantrusX with USD 28,064 invoiced and USD 26,624 deferred.
- Operating loss narrowed to USD 2.67 million as operating expenses dropped 18% to USD 2.67 million.
- Cash totaled USD 2.16 million at June 30, including USD 1.91 million of restricted cash; accumulated deficit reached USD 57.92 million.
- Completed inaugural QuantrusX deployment in Texas in June, generating first commercial platform revenue; pursuing NYSE American uplisting tied to USD 5 million availability.
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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