Vertiqal Studios Reports Second Quarter 2026 Results with Revenue Up 13% Year over Year, and Announces Changes to Its Board of Directors

About this update from Vertiqal Studios Corp

Vertiqal Studios Reports Second Quarter 2026 Results with Revenue Up 13% Year over Year, and Announces Changes to Its Board of DirectorsToronto, Ontario--(Newsfile Corp. - August 14, 2026) - Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal" or "the Company") Vertiqal Studios, a leading digital-channel network and video-production studio, as well as the owner of North America's largest gaming and lifestyle network on social media, is pleased to announce its financial results for the three and six months ended June 30, 2026. The Company also announced the appointment of Jay Kovitz to its Board of Directors and the resignation of PJ Bujouves.Key Financial Highlights for Second Quarter 2026:Second quarter revenue of $881,792 increased 13.4% from $777,766 in the second quarter of 2025 and 21.4% from $726,091 in the first quarter of 2026. For the six months ending June 30, 2026, the direct media revenue stream increased by 130% in comparison to the six months ending June 30, 2025.Net loss for the quarter narrowed 19.9% sequentially to $914,515 from $1,142,045 in the first quarter.Operating expenses before depreciation, finance costs and non-cash items of $1,347,914, down 29.2% from the first quarter of 2026 and down 2.3% year over year.Cash of $389,830 at June 30, 2026, up from $171,619 at December 31, 2025, following the closing of a US$1,948,000 secured debenture financing on April 13, 2026.Trade receivables at June 30, 2025, reduced to $1,124,812 from $3,212,891 at December 31, 2025, reflecting collection of prior-period balances.Selected Financial Results:Q2 2026Q2 2025Change6M 20266M 2025ChangeRevenue$881,792$777,766+13.4%$1,607,883$1,483,611+8.4%Cost of sales480,306276,769+73.5%673,646415,428+62.2%Gross profit401,486500,997-19.9%934,2371,068,183-12.5%Gross margin %45.5%64.4%-18.9 pts58.1%72.0%-13.9 ptsNet loss(914,515)(541,967)+68.7%(2,056,560)(1,855,380)+10.8%Comprehensive loss(1,193,165)(462,446)n/m(2,271,050)(1,816,978)+25.0%Loss per share - basic and diluted$(0.001)$(0.001)—$(0.002)$(0.003)—Adjusted loss (non-GAAP)(967,502)(885,726)+9.2%(2,285,229)(1,461,772)+56.3% Sequential comparison: revenue of $881,792 in the second quarter of 2026 compares with $726,091 in the first quarter of 2026, an increase of 21.4%; net loss of $914,515 compares with $1,142,045, a reduction of 19.9%.Management Commentary:"Our second quarter marke...

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