SPECTRAL CAPITAL Corp (FCCN) Form 10-Q — Aug 10, 2026

$FCCNForm 10-QFiled Aug 10, 2026, 3:46 PM ET0001213900-26-087209Original filing

Spectral Capital reported its first meaningful revenue quarter as a telecom operator: Q2 2026 revenue of $318.3 million (versus zero a year ago) and $646.8 million for the six months, roughly 99% from the newly acquired Telvantis voice-termination business. Q2 net income was $7.4 million ($0.08 per share), but it was driven by a $9.9 million non-cash gain on contingent-consideration remeasurement — the company actually ran a $1.9 million operating loss on a ~1% gross margin.

Key figures

Eps: 0.08 Q2 2026 basic and diluted; (0.02) six months 2026
Revenue: $318,278 thousand Q2 2026 (vs $0 Q2 2025); $646,790 thousand six months 2026
Net Income: $7,387 thousand Q2 2026; $(2,018) thousand six months 2026
Total Debt: $17,457 thousand accounts receivable financing facility (Fasanara); no significant long-term debt maturities
Total Assets: $223,811 thousand as of June 30, 2026
Cash Position: $5,267 thousand as of June 30, 2026
Shares Outstanding: 96291416
Accumulated deficit: $35,433 thousand
Gross profit q2 2026: $3,280 thousand (~1.0% gross margin)
Customer concentration: Three customers ~92% of Q2 revenue (49%, 22%, 21%)
Fasanara facility drawn: $17,457 thousand (Telvantis); $0 (42 Telecom)
Working capital deficit: $25,653 thousand ($9,259 excluding contingent consideration)
Earnout shares remaining: 1575300
Min share value guarantee: $65,000 thousand outstanding
Ceo advance subsequent event: $50,000 advanced of up to $100,000 at 4% interest
Fccn stock price jun 30 2026: $4.60 per share
Loss from operations 6m 2026: $(4,836) thousand
Loss from operations q2 2026: $(1,857) thousand
Earnout shares issued may 2026: 6924700
Contingent consideration balance: $16,394 thousand
Contingent consideration gain q2: $9,886 thousand non-cash gain

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