Vynleads net loss widens to USD 63,889 in Q2 FY26; revenue stays at no revenue
Reuters2026/08/14 20:45- Vynleads posted a net loss of USD 63,889 in the quarter ended June 30, 2026, widening from the prior-year quarter.
- No revenue was recorded for the quarter, unchanged from a year earlier.
- Selling, general and administrative expense rose 12% to USD 56,637, driven by a third-party software development team.
- Working capital deficit widened to USD 448,276 as of June 30, 2026, with current assets of USD 27,270.
- Management estimated it needs about USD 5.5 million of additional working capital over the next 12 months; no committed financing sources were in place.
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