Asiatel net loss widens to $1.29 million in 1H FY26; revenue rises 51% to $5.14 million
Reuters2026/09/01 03:00- Asiatel posted 1H 2026 revenue of $5.14 million, up 51% year over year.
- Net loss widened to $1.29 million, reflecting $1.39 million in listing-related expenditures tied to its RTO.
- Gross profit rose 30% to $693,322; gross margin fell 3 percentage points to 13%.
- Cash more than doubled to $1.09 million as of June 30, 2026, supported by $1 million in private placement proceeds.
- Completed its RTO on June 30, 2026; began trading on the TSX Venture Exchange under “ATOI” on July 14, 2026.
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