Our Bond (OBAI) Q2 2026 earnings summary

Executive summary

• Q2 focused on performance review, major city contracts, and outlining growth priorities, with strong momentum in municipal and enterprise sales, including contracts with Jerusalem, a 270K-resident city, and a top-5 global venture capital firm.

• Provides AI-powered preventative personal security services via a cloud-based platform, operating through eight subsidiaries and recently adding Bond Next Gen Physical Security LLC for U.S. operations.

• Completed a public listing in February 2026, incurring significant one-time costs.

• Recognized as a sole supplier in several city contracts, facing no direct competition.

• EY research validated significant ROI for employers, driving increased corporate and municipal interest.

Financial highlights

• Q2 2026 revenue was $2.12M, down 6.8% YoY; net loss narrowed 28% sequentially to $4.77M, with operating expenses down 41% sequentially to $3.79M.

• Cash and equivalents at June 30, 2026 were $5.2M, up 37% sequentially and from $599K at year-end 2025.

• $3.3M of debt converted to equity at a 4x premium over market price; $950K in debt payment postponed.

• $4.3M total reduction in debt, strengthening the balance sheet.

• Gross profit for Q2 2026 was negative $134K, compared to $335K in Q2 2025.

Outlook and guidance

• Growth is the top priority, with sufficient capital to fund the strategy and plans to accelerate marketing and sales investments.

• Most growth investments expected to yield results in H2 2026 and 2027, with a strong deal pipeline and anticipated acceleration in platform utilization.

• Additional capital will be sought through equity and other financing to support growth initiatives.

• No major concerns about cash position or NASDAQ compliance; expects compliance as stock price rises.