Earnings ·
Functional Brands Inc. reported second quarter 2026 financial results showing revenue of $1.87 million, a 2% increase…
MEHAFunctional Brands Inc.
Functional Brands Inc. reported second quarter 2026 financial results showing revenue of $1.87 million, a 2% increase year-over-year, with gross margin expanding to 59.9%. However, the company posted a net loss of $2.6 million, or $0.06 per share, driven by a $967,942 non-cash change in derivative liabilities and increased general and administrative expenses. For the six-month period, net loss widened to $9.6 million due to a $6.3 million non-cash charge from a preferred stock exchange. Corporate developments included the termination of a letter of intent for BullionFX assets, the company's delisting from Nasdaq to OTC Markets, and a partial legal judgment in its favor regarding True Health Medical Center litigation. The filing notes substantial doubt about the company's ability to continue as a going concern due to recurring losses and cash constraints. Functional Brands Inc. operates in the wellness and performance products industry, manufacturing nutritional supplements and offering telehealth services.