Visium Technologies Net Loss Widens to $950,562 in H1 FY2026 on Zero Revenue

Visium Technologies, a Florida-based technology company, reported a net loss of $950,562 for the six months ending December 31, 2025, sharply deteriorating from a net loss of $55,164 in the same period a year earlier. The company generated no revenue during either period. Read more earnings reports.

Operating expenses climbed 22% to $791,412 for the six months, up from $651,023 a year earlier. The entire operating expense burden consisted of selling, general and administrative costs, with the company reporting no research and development spending in the current period compared to $75 in the prior year.

For the three months ending December 31, 2025, the net loss reached $505,860, compared to a loss of $381,780 in the same quarter a year earlier. Operating expenses for the quarter jumped 50% to $421,789 from $280,558.

The company burned $292,693 in cash from operations during the six-month period, compared to $218,247 in the prior-year period. Financing activities brought in $256,425, partially offsetting the operating cash drain.

Visium's balance sheet showed total assets of $27,627 as of December 31, 2025, down from $67,644 six months earlier. Cash and restricted cash fell to $23,877 from $60,144 at the end of June 2025. Current liabilities stood at $6.4 million, pushing total stockholders' deficit to negative $6.4 million.

The company ended the period with 453.9 million common shares outstanding, up from 368.5 million shares six months earlier. Diluted loss per share was rounded to zero in both the current and prior-year periods.

Interest expense for the six-month period declined to $160,965 from $165,231 a year earlier. The company reported no income tax expense in either period.