KNOREX Ltd. reported a net loss of $5.4 million for the six months ended June 30, 2026, compared to a $4.6 million loss in the prior year period. Revenue declined 5.2% to $2.7 million from $2.8 million, driven by reduced spending from major U.S. customers and fluctuations in campaign budgets. Operating expenses increased 30% to $6.4 million, primarily due to a $2.3 million rise in general and administrative costs related to capital management and fundraising activities. The company reported a working capital deficit of approximately $13.3 million as of June 30, 2026, raising substantial doubt about its ability to continue as a going concern. KNOREX Ltd. operates an advertising technology platform that provides data-driven automation and media buying services.
