0001654954-26-001435
SEC filingVisium Technologies, Inc. reported a net loss of $506K for Q2 2026 (period ending December 31, 2025), with no revenue generated during the quarter. The loss was primarily driven by $422K in selling, general and administrative expenses and $84K in net other expenses, including $83K in interest expense. The company's balance sheet shows significant financial strain, with total assets of only $28K (comprised of $24K cash and $4K prepaid expenses) against total liabilities of $6.4M, resulting in a stockholders' deficit of $6.4M. Cash flow from operations was negative $218K, though financing activities provided $256K in cash, resulting in a net decrease in cash of $36K for the quarter. The company's liquidity position remains extremely constrained with minimal cash reserves relative to substantial liabilities.
Visium Technologies reported a net loss of $506K for the second quarter of fiscal year 2026 (period ending December 31, 2025), with no revenue generated during the period. The operating loss was $422K, driven entirely by selling, general and administrative expenses of $422K, with no development expenses reported. Other expenses totaled $84K, consisting primarily of $83K in interest expense and a $781 loss on change in fair value of derivative liabilities. The company reported a loss per share of $0 on 425.9 million weighted average common shares outstanding. No prior period comparative figures are provided in the XBRL data for QoQ analysis.
No revenue was generated during the quarter, as explicitly stated in the XBRL data with net revenues of $0. The document provides no segment breakdown, geographic mix, or revenue growth drivers. The company appears to be in a pre-revenue stage with no disclosed revenue-generating activities during the reporting period. No information is provided about customer contracts, product sales, or service revenue.
With zero revenue, gross margin and operating margin calculations are not applicable. The company's cost structure consists entirely of selling, general and administrative expenses totaling $422K, with no cost of goods sold or development expenses reported. The operating loss margin is effectively 100% of operating expenses due to the absence of revenue. Profitability metrics are negative across all measures, with the net loss margin also being 100% of total expenses given the zero revenue base.
Cash flow from operating activities was negative $218K, primarily driven by a net loss of $951K (note: this differs from the income statement net loss of $506K, suggesting potential period adjustments), partially offset by $261K in stock-based compensation and positive changes in working capital. Financing activities provided $256K in cash through $322K in proceeds from promissory notes payable, offset by $115K in repayments and supplemented by $50K in officer advances. The balance sheet shows severe financial distress with total assets of only $28K ($24K cash and $4K prepaid expenses) against total liabilities of $6.4M, resulting in a stockholders' deficit of $6.4M. Current liabilities include $1.5M in accounts payable, $2.8M in accrued compensation, $368K in accrued interest, and $1.3M in notes payable.
The filing provides no forward-looking statements, management guidance, or strategic priorities. No information is disclosed about future revenue expectations, product development timelines, or growth initiatives. The company's extremely constrained liquidity position, with only $24K in cash against $6.4M in liabilities, represents a significant going concern risk. The document does not discuss plans to address the substantial accumulated deficit of $65.0M or the stockholders' deficit of $6.4M. No risk factors specific to future operations are disclosed in the provided content.