Evolution Metals Q2 FY26 net loss narrows to $11.91 million; revenue rises to $1.64 million

Reuters2026/08/17 10:00

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Evolution Metals & Technologies posted a GAAP net loss of USD 11.9 million, or USD 0.02 a share, for Q2 2026.
GAAP net loss narrowed from USD 40.9 million a year earlier; adjusted net loss (non-GAAP) widened to USD 13.6 million from USD 7.4 million.
Revenue was USD 1.6 million, swinging from no revenue a year earlier; gross loss was USD 115,000.
SG&A expenses climbed to USD 12.1 million from USD 2.9 million, reflecting subsidiary consolidation and public-company, transaction and integration costs.
Management reiterated plans to reach about 10,000 metric tons of annual magnet capacity by end-2026, with ULVAC equipment slated for November delivery.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evolution Metals & Technologies Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608170600PRIMZONEFULLFEED1001257910) on August 17, 2026, and is solely responsible for the information contained therein.

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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Evolution Metals Q2 FY26 net loss narrows to $11.91 million; revenue rises to $1.64 million

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