HAWK posts $24.3M net loss in first quarter as public company despite revenue doubling to $99.6M

Filed August 14, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Disclosure controls deemed ineffective due to material weaknesses in stock compensation accounting, segregation of duties at ISA, and IT user-access controls; remediation underway with new Chief Accounting Officer hired.

  Controls and Procedures verify on EDGAR →
• high

  Net loss of $24.3M for H1 2026 vs. breakeven prior year, driven by $2.7M debt extinguishment, $5.7M warrant fair-value losses, $3.6M IPO costs, and $1.6M acquisition costs, despite revenue doubling to $99.6M.

  MD&A: Financial Results verify on EDGAR →
• high

  proceeds repaid $49.5M debt and funded $7.5M ISA deferred payment, leaving $503.4M cash on hand.

  Notes: IPO and Liquidity view on EDGAR →