Earnings ·
YYForce raises $18.5M via ATM equity and convertible notes as revenue rises 26.8% to $32.7M
YFORYYForce Inc.
YYForce Inc. reported unaudited financial results for the six months ended June 30, 2026. Total revenue increased 26.8% year-over-year to $32,659,236, driven by a 62.4% rise in manpower outsourcing services and an 11.1% increase in integrated facility management (IFM) services. Gross profit declined approximately 22.7% to $3,299,847 as gross margins contracted from 16.6% to 10.1%, primarily due to higher labor costs. The company recorded a net loss of $7,062,813 compared to $8,195,986 in the prior year period. Operating cash outflows totaled $10,988,904, raising material uncertainty regarding the company's ability to continue as a going concern. To address liquidity needs, YYForce raised $18,549,719 through an At-The-Market equity offering and issued convertible notes with warrants. The company operates in the workforce solutions and integrated facility management industry.