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FortifAI Has Cash to Chase NOL8 Growth After a $29 Million Loss
7:14pm on Wednesday 30th of September, 2026 AEST
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Technology
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FortifAI Has Cash to Chase NOL8 Growth After a $29 Million Loss
7:14pm on Wednesday 30th of September, 2026 AEST
Key Points
$29 million statutory loss, including $19.8 million acquisition-related expense
Revenue fell 56% to $1.9 million as MKL Studio weakened
$20 million raised through strategic placements
$20.4 million cash and no borrowings at 30 June
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