Next Hydrogen Solutions Inc. Reports Q2 2026 Financial Results and Announces Appoint of Jocelyne Moyer as President and CEO
Next Hydrogen reported Q2 revenue of $878,738, a significant increase from $247,652 in the prior year, driven by revenue recognition on development contracts. The company recorded a net loss of $2.9 million for the quarter, roughly consistent with the previous year, and ended the period with a cash balance of $12.2 million. The Board appointed Jocelyne Moyer as President and CEO effective September 1, 2026; she brings extensive experience from Bain & Company and Zeitview. Outgoing CEO Raveel Afzaal will step down from his role and the board on August 31.
Key figures
- Revenue
- 878738
- Guidance
- Revenue under contracts expected to be fully earned by Q1 2027, with majority earned during 2026
- Net loss q2
- 2928747
- Cash balance
- 12170278
- Deal value usd
- 3750000
- Six month revenue
- 1179621
- Net loss six month
- 5724158
- Private placement proceeds
- 20700000
AI analysis
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