AMASS BRANDS (AMSS) Form 10-Q — Aug 14, 2026
Amass Brands (AMSS) filed its Q2 2026 10-Q reporting net revenues of $5.6 million, up 2% year over year, but a net loss that widened roughly six-fold to $7.5 million, driven by a 216% surge in G&A that included $1.9 million of direct-listing advisory fees paid in stock. Gross profit fell 30% as the company discounted slow-moving wine inventory and absorbed tariff and freight pressure. The filing carries explicit going-concern language: management states that losses since inception, a $6.1 million first-half operating cash burn, and limited available capital raise substantial doubt about the ability to continue as a going concern, with just $1.6 million of cash on hand at June 30, 2026.
Key figures
- Revenue
- 5592744
- Revenue Yoy
- +2%
- Total Assets
- 28239982
- Cash Position
- 1570517
- Shares Outstanding
- 11605081
- Q2 ga expense
- 6054188
- Q2 gross profit
- 1495549
- Q2 ga expense yoy
- +216%
- Series c proceeds
- 7000000
- Six month revenue
- 9742087
- Impairment loss q2
- 339283
- Q2 gross profit yoy
- -30%
- Six month revenue yoy
- -1%
- Total stockholders equity
- 993404
- Impairment loss six months
- 449685
- Nasdaq compliance deadline
- January 19, 2027
- Promissory notes outstanding
- 1650000
- Shares outstanding dec 31 2025
- 3364984
- Secured credit facility balance
- 3788522
- Secured promissory note balance
- 966998
- Streeterville facility capacity
- 30000000
Price after filing
Close on the filing date to close N calendar days later (from $1.02). Historical, not a forecast.
AI analysis
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