Maison Solutions Inc. (NASDAQ:MSS) reported its second‑quarter and six‑month 2026 financial results, with revenue falling to $27.6 million from $29.4 million a year earlier, a 6.1% decline. The company posted a net loss of $5.0 million versus a $256,000 loss in the same period last year, driven largely by a $2.4 million loss on note conversion related to digital‑asset mark‑to‑market adjustments amid crypto market volatility.
Gross margin contracted to 23.4% from 26.9% year‑over‑year, reflecting lower revenue and higher operating expenses. Operating expenses rose 12% to $18.3 million, with a significant portion attributable to the acquisition of Lee Lee Oriental Supermart and ongoing integration costs. The company’s acquisition pipeline continues to expand, but the recent purchase has added pressure to margins.
CEO John Xu said the company has begun activating its Worldcoin treasury initiative, made progress on its acquisition pipeline, and taken initial steps to strengthen its financial profile. Xu emphasized that the second half of the fiscal year will focus on optimizing financial health, including exploring divestitures of low‑performing stores and investments. The company also highlighted a three‑year consultancy agreement with Good Fortune Supermarkets, adding $1.3 million annually to diversify revenue.
Guidance for the remainder of the fiscal year remains unchanged. Management reiterated its outlook for a net loss in the second half, citing ongoing crypto‑asset volatility and the need to invest in digital‑asset infrastructure. The company’s Nasdaq bid‑price deficiency notice remains in effect, with a compliance window until January 6, 2026, adding regulatory pressure.
The earnings release underscores a strategic pivot toward digital assets and financial restructuring. While revenue and margins have slipped, the company’s focus on the Worldcoin treasury and potential divestitures signals a long‑term effort to stabilize cash flows and reduce debt exposure. Investors will watch how the company balances short‑term losses against its digital‑asset strategy and the impact of the Lee Lee acquisition on future profitability.
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