Argo Reports Q2 2026 Results: 680% Revenue Growth

This section is Partnership Content supplied by GlobeNewswire Article content Revenue increases 680% to $2.9 million; operating loss declines 79% year-over-year Article content TORONTO, Aug. 31, 2026 (GLOBE NEWSWIRE) — Argo Corporation (TSXV: ARGH) (OTCQX: ARGHF) (“Argo” or the “Company”), a leader in next-generation public transit solutions, announced its financial results for the three and six months ended June 30, 2026 (“Q2 2026”). All figures are in Canadian dollars unless otherwise noted. Article content Article content Q2 2026 Highlights Article content Revenue: Q2 revenue increased 680% to $2.9 million, from $0.4 million in Q2 2025; first-half revenue increased 561% to $5.9 million, from $0.9 million in the first half of 2025. Operating Performance: Q2 operating loss declined 79% to $1.1 million, from $5.3 million in Q2 2025; first-half operating loss declined 72% to $2.3 million, from $8.5 million in the first half of 2025. Net Income: Argo reported a net loss of $0.1 million for Q2 2026, compared to a $10.9 million net loss in Q2 2025, and net income of $2.0 million for the first half of 2026, compared to a $12.6 million net loss in the first half of 2025, including non-cash items. Network Expansion: During Q2, Argo entered into an approximately $4.5 million, 15-month agreement with the Town of Caledon, expanding the Smart Routing™ network to a third municipality, with launch expected in the coming weeks. Strategic Capital: Subsequent to quarter-end, on July 24, 2026, Argo closed a $10 million non-brokered private placement with long-term institutional investors, including a pension fund. The strategic investment is intended to fund network expansion, research and development, and working capital. Article content Article content “Our Smart Routing™ transit infrastructure is built to drive increased efficiency as ridership grows and our network scales,” said Praveen Arichandran, Co-founder and Chief Executive Officer of Argo. “These results reflect continued expansion of our operating network, with transit revenue increasing as the network grows, alongside a leaner operating base and improved operating performance. Our focus remains on expanding the network across Canada, the United States, and internationally.” Article content Article content For detailed information, please refer to Argo’s condensed interim consolidated financial statements for the three and six months ended June 30, 2026 and 2025 and its management’s discussion and analysis…