TurnOnGreen Q2 Gross Margin Hits 47% as Operating Loss Narrows 69%
TOGI has more than doubled off its 52-week low of $0.005 on light trading volume (0.1× avg).
Summary
TurnOnGreen reported Q2 2026 revenue of $1.754M, up 4% YoY, with gross margin expanding to 47% from 40% and operating expenses down 18%. Operating loss improved 69% to $154K and net loss narrowed 47% to $348K. Six-month revenue reached $3.49M with gross profit up 16%. The revenue increase was helped by the power electronics business. This follows the June 4 defense contract award and the August 4 proxy seeking a reverse split up to 1-for-500, reflecting ongoing efforts to strengthen the balance sheet. The margin expansion and cost discipline are meaningful for a micro-cap with a going-concern warning, but the company remains unprofitable and the stock trades at $0.0162.
At the time of this announcement, TOGI was trading at $0.02 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $3M. The 52-week trading range was $0.01 to $0.10. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.