MMTEC, INC. (MTC) Form 6-K — Aug 12, 2026
MMTEC reported first-half 2026 results with revenue collapsing 100% to nil from $807,500 a year earlier, as its placement agent business completed no financing transactions and generated no income. Gross profit fell from $674,500 to zero. Headline net loss narrowed sharply to about $1.58 million ($0.02 per share) from $46.43 million ($1.84 per share) in H1 2025, but the improvement is optical: the prior-year period included a $24.35 million credit-loss allowance and a $21.29 million loss on sale of notes receivable, while the underlying operating loss actually widened 8.1% to $1.66 million as cost cuts failed to offset the revenue void.
Key figures
- Revenue
- 0
- Total Debt
- 3050008
- Revenue Yoy
- -100% (from $807,500 to nil)
- Total Assets
- 16647175
- Cash Position
- 6507161
- Shares Outstanding
- 99587811
- Cash dec 31 2025
- 8185502
- Notes receivable
- 9409560
- Shares authorized
- 625000000
- Gross margin prior year
- 83.5%
- Gross profit prior year
- 674500
- Interest income h1 2025
- 1946980
- Interest income h1 2026
- 106776
- Operating loss change yoy
- +8.1%
- Weighted avg shares h1 2025
- 25186864
- Weighted avg shares h1 2026
- 99587811
- Working capital jun 30 2026
- 6150000
- Prior year loss on sale notes receivable
- 21292430
- Prior year allowance credit losses notes receivable
- 24347489
AI analysis
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