QHSLab Swings to Q2 Profit as ISP Revenue Doubles, but Going Concern Warning Persists
USAQ has more than doubled off its 52-week low of $0.08.
Summary
QHSLab reported a Q2 profit of $38,030 on 40% revenue growth, but cash fell to $317K and the going concern warning remains.
Key Events · Earnings and Guidance · USAQ
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Q2 Profit vs. Prior-Year Loss
Net income of $38,030 in Q2 2026 compared to a loss of $52,958 in Q2 2025, driven by a 40% revenue increase to $847,490.
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ISP Revenue More Than Doubles
Integrated Service Program revenue surged 103% to $865,900 for the six months, becoming the dominant revenue stream and lifting gross margin to 67.3%.
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Cash Burn and Going Concern Warning
Cash used in operations was $208,061 in H1 2026, reducing cash to $317,392. Management reiterates substantial doubt about the company's ability to continue as a going concern.
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Ineffective Internal Controls
Disclosure controls and procedures remain ineffective due to lack of adequate personnel with financial reporting experience.
Analysis · USAQ · Industrial Applications And Services
QHSLab delivered a sharp operational turnaround in Q2 2026, posting net income of $38,030 compared to a $52,958 loss a year ago. Revenue jumped 40% to $847,490, driven entirely by a 103% surge in high-margin Integrated Service Program (ISP) fees. Gross margins expanded to 69.6%. However, the company burned $208,061 in cash during the first half, leaving only $317,392 on hand, and management reiterated substantial doubt about its ability to continue as a going concern. The filing also discloses that internal controls remain ineffective. The Q2 profit is a genuine inflection point, but the liquidity runway is short and the control weakness adds risk.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, USAQ was trading at $0.35 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $5.3M. The 52-week trading range was $0.08 to $1.14. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.