QMMM Holdings Ltd
QMMM Holdings filed unaudited H1 2026 results (six months ended March 31, 2026) via Form 6-K. Revenue collapsed to $519,560 from $1,225,912 a year earlier. Net loss widened to $1,930,195 (vs. $1,381,918). G&A expenses more than doubled to $1,831,179 while selling/marketing spend went to zero. The filing also discloses an SEC trading suspension from September 2025 and an ongoing Nasdaq information request.
- Revenue fell 57.6% YoY to $519,560 from $1,225,912 in H1 2025.
- Net loss widened to $1,930,195 vs $1,381,918 YoY; operating loss hit $1,926,167.
- G&A expenses surged 126% to $1,831,179 from $811,768, while selling/marketing spend dropped to zero.
- SEC suspended trading in the company's securities from Sept 29 to Oct 10, 2025; Nasdaq issued an information request.
- Cash rose to $4,018,549 from $2,252,338, driven by $3.63M release from deposits and other current assets.
Price data unavailable.
A 58% revenue collapse, ballooning losses, zero sales spend, and an active SEC/Nasdaq regulatory overhang make this a textbook distressed micro-cap.
Hong Kong-based micro-cap digital advertising firm with dual-class share structure (Class B shares carry 20 votes each). The SEC trading suspension and Nasdaq inquiry place it among a cohort of small-cap Chinese/HK issuers facing heightened regulatory pressure.
SEC trading suspension (Sept 29–Oct 10, 2025) and ongoing Nasdaq information request signal unresolved regulatory scrutiny. Revenue concentration risk is acute: the core digital media advertising business shrank 58% YoY with zero selling/marketing spend.
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