The core CRM business is stable but tiny ($488k revenue) and reliant on one customer (78% concentration). The Sensera device has yet to generate meaningful revenue ($3.9k). With Nasdaq delisting complete and OTC trading limiting institutional interest, the stock is a speculative story stock. Monitor for any Sensera sales ramp or new customer wins in the CRM business. The $13M cash cushion provides time but the path to profitability is unclear.
Price Chart
Executive Summary
Femto Technologies (FMTOF) filed its unaudited interim financial statements and MD&A for H1 2026, reporting a net loss of $1,749,549 vs a net profit of $21,106,751 in H1 2025 (which was driven by a non-cash warrant revaluation gain of $30,389,592). Revenue grew 20% YoY to $488,405, and gross margin improved to 18% from 9%. Cash burn continues, with cash declining to $13.0M from $15.2M at year-end 2025. The company remains delisted from Nasdaq, trading OTC, and faces ongoing geopolitical risk from the Lion's Roar Operation in Israel. The core Sensera device generated only $3,852 in revenue, highlighting the gap between product development and commercial traction. The 40% equity stake in Gilad (AI software) is a small strategic pivot but immaterial near-term.
Key Facts
- Revenue for H1 2026 was $488,405, up 20% from $407,921 in H1 2025.
- Net loss for H1 2026 was $1,749,549, compared to net income of $21,106,751 in H1 2025 (which included a $30.4M non-cash warrant revaluation gain).
- Cash and cash equivalents fell to $13,002,242 from $15,231,108 at Dec 31, 2025.
- Operating cash flow was negative $1,898,279 in H1 2026.
- Sensera device and capsule revenue was only $3,852 in H1 2026.
- 78% of total revenue came from a single customer.
- The company was delisted from Nasdaq in June 2025 and now trades OTC under FMTOF.
- A 40% equity stake in Gilad (AI software firm) was acquired for US$1.25M in cash and 169,811 shares.
- The Lion's Roar Operation (military conflict in Israel) began Feb 28, 2026; a ceasefire has been announced but uncertainty remains.
- Accumulated deficit reached $61,729,681 as of June 30, 2026.
Financial Impact
Net loss of $1,749,549 in H1 2026; cash burn of $1.9M from operations; cash balance of $13.0M provides ~3.4 years of runway at current burn rate.
Risk Factors
- Single-customer revenue concentration (78% of total revenue).
- Nasdaq delisting completed; OTCQB listing limits liquidity and institutional access.
- Geopolitical risk from the Lion's Roar Operation in Israel.
- Sensera device has near-zero commercial revenue despite years of development.
- Accumulated deficit of $61.7M with no clear path to profitability.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (FMTOF) — Batch item 1 | 0001493152-26-038667 |
| Exhibit: ex99-2.htm | 0001493152-26-038667 |
| Exhibit: ex99-3.htm | 0001493152-26-038667 |
| Exhibit: ex99-4.htm | 0001493152-26-038667 |
| Document: form6-k.htm | 0001493152-26-038667 |
| Document: 0001493152-26-038667-index-headers.html | 0001493152-26-038667 |
| Document: 0001493152-26-038667-index.html | 0001493152-26-038667 |
| Document: 0001493152-26-038667.txt | 0001493152-26-038667 |
| 6-K Filing (FMTOF) — Batch item 9 | 0001493152-26-038667 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | SC 13G/A | $0.4000 | awaiting T+20 | — | $0.4000 (+0.00%) |
Aug 17, 2026 10w ago | 6-K | $0.7150 $0.4392 | ▲ +38.57% | ▲ +37.04% | $0.4000 (+44.06%) |
May 28, 2026 21w ago | 6-K | $0.6800 $0.6070 | ▼ −10.74% | ▼ −7.59% | $0.4000 (−41.18%) |
US Market Status
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