ModuLink Inc. reported its financial results for the six months ending June 30, 2026, revealing a total revenue of $511.8 million, a decrease from $768 million in the same period of 2025. The decline in revenue is attributed primarily to the completion of a significant project design and management services contract in Hong Kong. However, the company noted a new revenue stream from AI healthcare solutions, contributing approximately $147,000 to the total revenue, following the acquisition of ASA Robotics Limited, which was completed in April 2026. The gross profit for the period increased to $110.5 million, compared to $91.1 million in the prior year, reflecting improved margins from the newly integrated subsidiary.
The company reported a net loss of $280.6 million for the first half of 2026, a reduction from a loss of $479.2 million in the same period of 2025. This improvement in net loss is attributed to higher gross profits and reduced general and administrative expenses, which fell to $388.2 million from $560.5 million year-over-year. The decrease in operating expenses is largely due to lower professional fees associated with the previous year's acquisition activities. As of June 30, 2026, ModuLink's accumulated deficit stood at $4.4 million, up from $4.1 million at the end of 2025.
In terms of operational developments, ModuLink has focused on expanding its AI healthcare business, particularly in Australia, where it aims to enhance elderly care facilities through its Luna AI system. The company is also pursuing modular construction projects in Vancouver, Canada, and exploring opportunities in Australia and Europe. The acquisition of ASA Robotics is seen as a strategic move to bolster its capabilities in AI-driven healthcare solutions, which the company believes will support future revenue growth.
The company’s cash position as of June 30, 2026, was $113,845, down from $152,786 at the end of 2025. ModuLink reported net cash used in operating activities of $356,485 for the first half of 2026, a significant improvement from $1,040,689 in the same period of 2025. The company is actively seeking additional funding to support its operations and growth initiatives, with plans to raise approximately $5 million through private placements to finance its modular housing projects. However, the company acknowledges that its ability to continue as a going concern is contingent upon securing this funding and achieving improved operating performance.
Looking ahead, ModuLink is focused on executing its growth strategy, which includes launching new products such as the AWG 2.0, aimed at enhancing water accessibility in underserved areas. The company is also committed to expanding its market presence in AI healthcare and modular construction, with expectations of commencing new projects within the next twelve months, contingent on securing necessary funding. The management remains optimistic about the potential for future revenue growth and operational improvements, although they recognize the inherent risks and uncertainties associated with their business model and market conditions.
About International Endeavors Corp
International Endeavors Corporation develops and manages wine-themed tourism, including vineyard development, private label wine production, and RV and glamping accommodations in California's Temecula wine country. The company offers wine tours, grape sales, and private labeled wines, leveraging regional tourism and wine industry growth. Its business model integrates land acquisition, hospitality, and wine production to capitalize on the expanding U.S. wine market and wine tourism sector.
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