earnings
confidence high
sentiment negative
materiality 0.90
Functional Brands Q2 net loss widens to $2.6M; going concern doubt, BullionFX deal terminated
Functional Brands Inc.
2026-Q2 EPS reported
-$0.31
revenue$3,516,072
- Revenue $1.87M (+2% YoY); gross margin 59.9% (+710bps) on higher-margin channels.
- Net loss $2.6M vs $0.2M loss; operating loss $1.3M vs $0.16M on higher G&A.
- BullionFX terminated LOI for blockchain IP acquisition on June 29, 2026.
- Stock delisted from Nasdaq; now trades on OTC Markets under MEHA.
- Going concern: cash $352K, working capital deficit $2.9M, accumulated deficit $16.7M.