Non-Invasive Monitoring Systems net loss widens to $284,000 in Q2 FY26
Reuters2026/08/14 12:32- Non-Invasive Monitoring Systems posted a net loss of $284,000 for the quarter ended June 30, 2026, widening from $42,000.
- General and administrative expenses jumped to $261,000 from $26,000, driven mainly by professional fees tied to the planned Gravitics merger.
- Net interest expense increased to $23,000 from $16,000, reflecting Promissory Notes.
- Cash totaled $160,000 at June 30, 2026, while the accumulated deficit stood at $29.57 million.
- Management said cash on hand is not sufficient for the next 12 months; the company is evaluating mergers, acquisitions and strategic collaborations.
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