Earnings ·
Apollomics reports $8.8M loss for H1 2026 and raises $8M in private placement
APLMApollomics Inc.
Apollomics Inc. reported a net loss of $8.8 million for the six months ended June 30, 2026, compared to a $12.5 million loss in the prior year period. The company recognized no revenue and recorded a $2.3 million impairment on financial assets due to a dispute with partner LaunXP International. Management identified substantial doubt regarding the company's ability to continue as a going concern, citing limited cash reserves of $1.0 million against significant operating requirements. Subsequent to the reporting period, Apollomics completed an $8.0 million private placement and converted a $2.0 million convertible note into equity, raising total proceeds of approximately $10.0 million.