Innovative Payment Solutions Q2 FY26 net loss narrows to $12.77 million; no revenue
Reuters2026/08/14 20:25- Innovative Payment Solutions posted a GAAP net loss attributable to common stockholders of USD 12.77 million for Q2 2026, narrowing 41.9%.
- General and administrative expenses climbed to USD 368,366, up more than doubled, while revenue remained at no revenue.
- Loss on settlement and repricing of convertible notes widened to USD 20.23 million, up 33.1%, while derivative liability movements rose to USD 8.19 million.
- Cash was USD 48 at June 30, 2026, with a working capital deficit of USD 23 million, including a derivative liability of USD 12.6 million.
- Operations stayed pre-revenue as it pivoted toward Jetties (IPSIPAY) and FINAP USA payment-processing joint ventures, both not yet commenced.
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