Home Blog Page 6

Moka AI Reports 75% Reduction in Per-Store Time-to-Hire with Moka Eva Across 20,000-Location Network

One evaluation standard, applied the same way across more than 20,000 locations.

SINGAPORE, Aug. 14, 2026 /PRNewswire/ — Moka AI (formerly MokaHR), an AI-powered applicant tracking system (ATS) and recruiting platform, has released deployment results for Moka Eva, its AI recruiting agent. At a leading international coffee and tea chain with more than 20,000 locations, Moka Eva cut per-store time-to-hire from 15.4 to 3.8 days.

The results come as HR leaders are increasingly looking for hard numbers to quantify the value of AI hiring tools. That theme ran through the World HR Summit in Kuala Lumpur in July, where Moka AI joined a roundtable, and the JobsDB by SEEK HR Conference in Hong Kong on Aug. 7, where it hosted a booth.

The chain deployed Moka Eva across its entire recruiting process. The agent sources candidates, screens applications, calls applicants to confirm interest, conducts AI interviews and assessments, and sends shortlists directly to decision-makers. The deployment has cut the company’s cost per application by 60% and manual intervention by more than 80% compared with its pre-AI process.

Moka Eva uses a unified rubric for screening and interviews, allowing structured assessments to be applied uniformly across locations. Its results are consistent with those of human reviewers more than 92% of the time, helping maintain the same evaluation standards as hiring scales. The agent is built for enterprises with distributed hiring operations, from technology and financial services to retail networks.

Moka Eva, the AI recruiting agent from Moka AI, applied a single evaluation standard across a 20,000-location network, cutting per-store time-to-hire from 15.4 to 3.8 days while lowering cost per application by 60% and manual intervention by more than 80% compared with the pre-AI process.
Moka Eva, the AI recruiting agent from Moka AI, applied a single evaluation standard across a 20,000-location network, cutting per-store time-to-hire from 15.4 to 3.8 days while lowering cost per application by 60% and manual intervention by more than 80% compared with the pre-AI process.

To date, Moka Eva has screened more than 5 million resumes and assisted in over 600,000 interviews. It supports more than 10 languages.

Moka Eva’s standardized approach can also work through channel-native experiences. For a global sportswear and sporting goods retailer in Southeast Asia, Moka Eva screens candidates and books interviews entirely over WhatsApp, saving the recruiting team 685 hours a month.

“Speed is the visible part. The real problem is that the same role gets judged differently in every location,” said Guoxing Li, co-founder and CEO of Moka AI. “An agent that applies one standard across 20,000 locations makes the outcome measurable, and measurable is what enterprises are now asking us for.”

“We chose Moka AI because it has significantly improved the efficiency and effectiveness of our recruitment process,” said Ms. Li, group co-founder and group CHRO of Advance Intelligence Group. “Its seamless integration with LinkedIn and Lark makes requisition management and interview scheduling much easier.”

AI adoption is accelerating across the Asia-Pacific as organizations face growing pressure to demonstrate measurable returns. Aon’s Human Capital Trends 2026 Study found that 74% of organizations in the region have deployed or are piloting AI programs. Yet KPMG’s Q2 2026 Asia Pulse survey of 521 senior executives across six Asia-Pacific markets found that 55% of companies have delayed or scaled back AI agent rollouts as expected operating costs began to outstrip the value generated, compared with 49% globally.

For more information about Moka Eva, visit Moka AI’s AI recruiting platform page or book a demo.

About Moka AI

Moka AI (formerly MokaHR) is an AI-powered applicant tracking system (ATS) and recruiting platform with offices in Hong Kong, Singapore and Malaysia. Trusted by more than 3,000 companies worldwide, including over 30% of the Fortune 500, Moka AI helps organizations hire faster and more consistently across the full funnel with Moka Eva, its AI recruiting agent.

To learn more, visit https://www.mokahr.io/ or follow Moka AI on LinkedIn at https://www.linkedin.com/company/mokahr/.

Elliott Management Statement on Northern Star Resources Ltd

WEST PALM BEACH, Fla., Aug. 14, 2026 /PRNewswire/ — Elliott Investment Management L.P. (“Elliott”), which manages funds that together hold an investment of approximately 5.6% in Northern Star Resources Ltd (“Northern Star” or the “Company”), today issued the following statement in response to the Company’s announcements on August 13:

Northern Star’s August 13 letter asks investors to trust the very directors who presided over years of profound underperformance to oversee a Board “renewal” process on terms they alone control, consisting of directors appointed solely at their discretion. This is not renewal. It is entrenchment.

Elliott remains willing to work constructively with Northern Star toward a genuinely strengthened Board equipped to realize the Company’s full potential – for investors, employees and all who depend on its success.

Elliott’s full perspectives on Northern Star and its unique value-creation opportunity can be accessed at ElliottLetters.com/NST.

About Elliott

Elliott Investment Management L.P. (together with its affiliates, “Elliott”) manages approximately $80.3 billion of assets as of June 30, 2026. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contacts:

London
Stijn van de Grampel
Elliott Advisors (UK) Limited
T: +44 20 3009 1061
svdgrampel@elliottadvisors.co.uk

New York
Stephen Spruiell
Elliott Investment Management L.P.
T: +1 (212) 478-2017
sspruiell@elliottmgmt.com

Sydney
Annabel Clunies-Ross
Hanbury Strategy
T: +61 428 295 517
nst@hanburystrategy.com

Entrepreneur Universe Bright Group Reports Second Quarter 2026 Financial Results

XI’AN, China, Aug. 14, 2026 /PRNewswire/ — Entrepreneur Universe Bright Group (“EUBG” or the “Company”), a Nevada corporation, reported its unaudited financial results for the period ended June 30, 2026.

Second Quarter 2026 Financial Highlights

  • Revenue: $746,113 for the three months ended June 30, 2026, compared to $1,143,106 during the same period of 2025.
  • Net Loss: $34,495 for the three months ended June 30, 2026, compared to net income of $422,852 during the same period of 2025.
  • Total Comprehensive Income: $23,552 for three months ended June 30, 2026, compared to $424,033 for the prior-year period.
  • Cash Position: Cash and cash equivalents were approximately $10.67 million as of June 30, 2026.

Business Overview

EUBG provides digital marketing consultancy services through its wholly-owned PRC subsidiary. The Company focuses on delivering marketing consulting and related services to enterprises in China, supporting brand development and customer acquisition through online and integrated service solutions.

During the second quarter of 2026, the Company continued to optimize its service structure and develop selected business initiatives. The Company launched a new digital marketing service to prepare and publish digital marketing materials on behalf of clients across various digital platforms. In addition, Heng Ying International Investment Limited, the Company’s wholly-owned Hong Kong subsidiary, successfully completed the routine renewal of its Money Lenders License in June 2026 and has progressively commenced business operations.

Strategic Outlook

EUBG continues to focus on strengthening its consulting capabilities, improving operational efficiency, and enhancing long-term competitiveness.

The Company is also continuing to evaluate and develop strategic expansion opportunities, including selected fintech-related initiatives through its Hong Kong subsidiary, Heng Ying International Investment Limited.

In addition, on February 25, 2026, the Company effected a 1-for-10 reverse stock split, further aligning its capital structure with long-term strategic objectives.

Management Commentary

Mr. Guolin Tao, CEO of EUBG, stated:

“Our second quarter results reflected contracting demand in certain service lines, and ongoing strategic adjustments. At the same time, we continued to maintain a strong cash position while advancing new business initiatives.

Looking ahead, we will continue enhancing our consulting and digital marketing capabilities while prudently developing new business opportunities.”

About Entrepreneur Universe Bright Group

Entrepreneur Universe Bright Group is a Nevada holding company that conducts its operations through its wholly-owned subsidiaries in Hong Kong and mainland China. The Company primarily engages in consulting and marketing services in China with support from its Hong Kong subsidiaries.

For more information, please visit: www.eubggroup.com

Safe Harbor Statement

This press release contains projections and “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 related to the Company’s business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are not historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; future business development; financial condition and results of operations; product and service demand and acceptance; competition and pricing pressures; changes in technology; government regulations; fluctuations in economic and business conditions in China; and assumptions underlying or related to any of the foregoing and other risks contained in the Company’s filings with the SEC. Investors are cautioned not to place undue reliance on any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Iyuno Details the Architecture Behind CLOE, a Multi-Agent AI System for Consistent Content Workflows

Company outlines a system designed to maintain continuity across scenes, episodes, and languages

BURBANK, Calif., Aug. 14, 2026 /PRNewswire/ — Iyuno today shared new details on the architecture behind CLOE, its AI platform designed to address a key challenge in content production: maintaining consistency at scale.

“One of the biggest challenges in global content is that every version starts from zero—each team has to relearn the same story,” said Iyuno CEO David Lee. “CLOE allows that understanding to persist, so every version starts with context instead of rebuilding it.”
“One of the biggest challenges in global content is that every version starts from zero—each team has to relearn the same story,” said Iyuno CEO David Lee. “CLOE allows that understanding to persist, so every version starts with context instead of rebuilding it.”

While AI tools can generate outputs quickly, they often struggle to preserve continuity across longer-form content—leading to inconsistencies in tone, character, and narrative across workflows.

“At scale, content breaks when understanding resets,” said Iyuno CEO, David Lee. “We approached this as a system design problem, not just a model problem.”

CLOE is built on a multi-agent framework that structures how content is interpreted before outputs are created. The system operates across three core layers:

  • Sensory layer: captures inputs across dialogue, visuals, and audio
  • Fusion layer: connects those inputs, tracking relationships and narrative flow
  • Memory layer: stores this understanding as a persistent, reusable knowledge base

This approach enables CLOE to maintain a continuous representation of content, allowing multiple workflows—such as subtitling, dubbing, and accessibility—to draw from the same underlying context.

“One of the biggest challenges in global content is that every version starts from zero—each team has to relearn the same story,” said Lee. “CLOE allows that understanding to persist, so every version starts with context instead of rebuilding it.”

CLOE supports a growing set of modular AI capabilities, or “skills,” across the content lifecycle, with each operating from the same shared foundation.

Iyuno is continuing to expand the platform’s capabilities as it scales deployment across global content workflows.

ABOUT IYUNO

Iyuno (www.iyuno.com) is a leading provider of localization services for the media and entertainment industry. Trusted by top entertainment brands and creators worldwide, Iyuno offers comprehensive end-to-end localization services from 45 offices across 29 countries. Backed by a team of exceptional creative and technical talent, state-of-the-art facilities, and cutting-edge technologies, Iyuno proudly boasts the largest global footprint amplifying its dubbing, subtitling and media services offerings.

 

Health In Tech Reports Second Quarter 2026 Financial Results

Contracted Revenue of $32.3 Million as of June 30, 2026
Pipeline Revenue of $66.3 Million as of July 31, 2026
Distribution Partners Grew 19.9% Year Over Year

STUART, Fla., Aug. 14, 2026 /PRNewswire/ — Health In Tech, Inc. (Nasdaq: HIT) (“Health In Tech” or the “Company”), an AI-enabled InsurTech platform company, today announced its unaudited financial results for the three and six months ended June 30, 2026.

Second Quarter and First-Half 2026 Highlights

  • Distribution Partners, including brokers, third-party administrators (“TPAs”) and agencies, reached 933 as of June 30, 2026, an increase of 19.9% year over year.
  • Q2 2026 Revenue was $8.1 million, compared with $9.3 million in Q2 2025. First-half 2026 revenue was $16.8 million, compared with $17.3 million in the prior year period.
  • Contracted Revenue1 totaled $32.3 million for first-half 2026, of which $17.3 million was recognized as GAAP revenue in first-half 2026. The remaining $14.0 million and $1.0 million are expected to be recognized as GAAP revenue in second-half 2026 and in 2027, respectively.
  • Pipeline Revenue2 was $66.3 million as of July 31, 2026, of which $1.9 million was contracted subsequent to quarter end. The remaining $64.4 million represents policies in quoting or binding status, with an expected conversion rate of 15% to 40%.
  • Net loss for Q2 2026 was $2.5 million, or $(0.04) per diluted share, compared to net income of $0.6 million, or $0.01 per diluted share, in Q2 2025, and $4.1 million for the first half of 2026, or $(0.07) per diluted share, compared to net income of $1.1 million, or $0.02 per diluted share, in first-half 2025.
  • Adjusted EBITDA3 was $(1.3) million for Q2 2026 and $(2.6) million for first-half 2026, reflecting continued investment in distribution, technology, and product development.
  • Platform Placed Plan Value (“PPPV”)4 was $84.0 million as of June 30, 2026.

2026 Outlook and Beyond

As of July 31, 2026, the Company had approximately $66.3 million in Pipeline Revenue, of which $1.9 million was contracted, while the remaining $64.4 million is in the quoting or binding stage. Based on the Company’s estimated conversion rate of 15% to 40%, the Pipeline Revenue in the quoting or binding stage is expected to generate approximately $9.7 million to $25.8 million of additional Contracted Revenue. Under U.S. GAAP revenue recognition, this is expected to result in approximately $3.1 million to $8.3 million of GAAP revenue recognized in 2026, with an additional $6.6 million to $17.5 million of GAAP revenue expected to be recognized in 2027.

With five more months remaining in 2026, the Company expects to continue expanding its Pipeline Revenue through new product launches and new system enhancement.   Supported by its growing base of Contracted Revenue, increasing forward revenue visibility, and continued pipeline development, the Company is reaffirming its full-year 2026 revenue guidance of $45 million to $50 million.

CEO Commentary

Tim Johnson, Chief Executive Officer of Health In Tech, commented, “We continued to execute against our long-term growth strategy during the quarter by investing in sales, marketing, and key talent, supported in part by the capital raised through our recent PIPE financing. These investments are designed to expand our distribution network, accelerate product innovation, and strengthen our execution capabilities. Our contracted book of business continued to grow, providing greater visibility into future revenue. We believe Contracted Revenue and Pipeline Revenue are meaningful operating metrics that complement our GAAP financial results by illustrating the strength of our sales pipeline, the pace of customer conversion, and our expected revenue trajectory.”

Mr. Johnson continued, “We also made meaningful progress on several strategic initiatives that we believe position the Company for its next phase of growth. During the quarter, we contractually secured our first employer group for the Three-Year Rate Stabilization Program, a differentiated solution designed to provide employers with greater predictability in stop-loss pricing over a multi-year period. This represents an important milestone as we advance toward the program’s anticipated launch in the capital markets. In parallel, we are engaged with several high-profile governmental organizations that are evaluating participation in the program, and we expect to provide additional updates in the coming months.

As we execute on our strategic roadmap, we remain on track to launch HitRix, our next-generation marketplace platform, in the second half of 2026. While our current eDIYBS platform has transformed AI-enabled underwriting through bindable stop-loss quoting and customized plan design, HitRix expands the application of AI across the entire self-funded stop-loss insurance ecosystem. The platform leverages advanced AI-powered document intelligence to automate data extraction across multiple document types, enable intelligent plan comparisons, and facilitate an integrated competitive bidding process within a unified digital marketplace. By connecting a broad network of brokers, carriers, TPAs, and employer groups, HitRix is designed to increase market transparency, expand access to competitive stop-loss solutions, streamline the placement process, and deliver better outcomes for all participants across the self-funded insurance value chain.”

End Notes

  1. Contracted Revenue represents the total revenue expected to be generated over the contractual term of self-funded health plan policies placed through the Company’s platform. Standard self-funded plan policies generally have a contractual term of 12 months, while the Company’s Three-Year Rate Stabilization Program is designed with a 36-month contractual term. Revenue is recognized under U.S. GAAP on a straight-line basis over the policy term, beginning on the policy’s effective date. Accordingly, Contracted Revenue represents revenue that has been contractually secured but has not yet been fully recognized under U.S. GAAP, providing an indication of future revenue expected from existing contracts.
  2. Pipeline Revenue represents revenue from self-funded plan policies that are being quoted, are in binding status, or have been contracted subsequent to the end of the reporting period. This metric reflects the entire contractual term of the underlying policies, some of which may not ultimately convert to revenue.
  3. Adjusted EBITDA is a non-GAAP financial measure. Additional information and reconciliation of Adjusted EBITDA to its most comparable GAAP financial measure is provided in the “Reconciliation of Net (Loss) Income Attributable to Common Stockholders to Adjusted EBITDA” section of this release.
  4. Platform Placed Plan Value (“PPPV”) represents the aggregate contractual value of self-funded health plans with stop-loss insurance (self-funded stop-loss plans) placed through the Company’s platform during the fiscal year through the applicable fiscal quarter end, measured over each plan’s full contractual term of typically 12 or 36 months from the plan’s effective date. PPPV reflects the total economic value flowing through the platform, including premium, claim funding, and administrative fees, and is a measure of platform transaction volume rather than an indication of the Company’s own revenue or take rate.

Conference Call Details

Health In Tech will host a conference call to discuss its financial results for the second quarter of 2026 on August 13, 2026, at 5:00 p.m. (ET). To participate in our live conference call and webcast, please dial 1-888-346-8982 or 1-412-902-4272 (for international participants).

A live audio webcast will be available via the Investor Relations page of Health In Tech’s website at https://healthintech.com/. A replay of the webcast will be available for on-demand listening shortly after the completion of the call, at the same web link, and will remain available for approximately 90 days.

Non-GAAP Financial Information

This release presents Adjusted EBITDA, a non-GAAP financial metric, which is provided as a complement to the results provided in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management uses Adjusted EBITDA to provide investors with additional insight into operational performance and to facilitate comparison with other companies in the industry. Adjusted EBITDA should not be considered an alternative to net income, operating income, or other GAAP measures. A reconciliation of historical non-GAAP financial information to the most directly comparable GAAP financial measure is provided in the accompanying tables found at the end of this release.

Use of ForwardLooking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

About Health In Tech 

Health In Tech, Inc. (Nasdaq: HIT) is an AI-enabled InsurTech platform company, which offers a marketplace that improves processes in the health insurance industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, Managing General Underwriter (“MGUs”) and third-party administrators (“TPAs”). Health In Tech’s platform serves as a marketplace for brokers, TPAs, MGUs and carriers to access self-funded health insurance for employers, providing functions including customized self-funded health plans, bindable stop-loss quotes, AI-enabled underwriting, claims administration and reporting integration.

 

Health In Tech, Inc.

Consolidated Statements of Operations

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenues

Revenues from underwriting modeling (ICE)

$ 1,272,647

$ 2,090,576

$ 2,741,461

$ 4,442,560

Revenues from fees (SMR)

6,783,973

7,223,273

14,086,805

12,886,273

Total revenues

8,056,620

9,313,849

16,828,266

17,328,833

Cost of revenues

4,134,127

3,003,979

8,396,374

5,663,564

Gross profit

3,922,493

6,309,870

8,431,892

11,665,269

Operating expenses

Sales and marketing expenses

2,215,889

1,226,738

4,507,490

2,316,993

General and administrative expenses

4,269,094

3,775,453

7,724,652

7,022,218

Research and development expenses

875,811

582,609

1,796,206

1,120,330

Total operating expenses

7,360,794

5,584,800

14,028,348

10,459,541

Other income (expense):

Interest income

69,568

108,198

137,039

193,564

Other income

100,000

122,334

118,399

Other expense

(52,341)

(52,341)

Total other income, net

117,227

108,198

207,032

311,963

(Loss) income before income tax expense

(3,321,074)

833,268

(5,389,424)

1,517,691

Income tax benefit (expense)

809,888

(202,637)

1,289,957

(388,468)

Net (loss) income

(2,511,186)

630,631

(4,099,467)

1,129,223

Net loss attributable to noncontrolling interests

(162)

(162)

Net (loss) income attributable to common
stockholders

$ (2,511,024)

$ 630,631

$ (4,099,305)

$ 1,129,223

Net (loss) income per share

Basic

$ (0.04)

$ 0.01

$ (0.07)

$ 0.02

Diluted

$ (0.04)

$ 0.01

$ (0.07)

$ 0.02

Weighted average common shares outstanding:

Basic

62,829,725

55,382,395

60,106,502

55,003,233

Diluted

62,829,725

55,632,357

60,106,502

57,004,070

 

Reconciliation of Net (Loss) Income Attributable to Common Stockholders to Adjusted EBITDA

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Net (loss) income attributable to common
stockholders

$ (2,511,024)

$ 630,631

$ (4,099,305)

$ 1,129,223

Interest income

(69,568)

(108,198)

(137,039)

(193,564)

Amortization expense

320,320

135,983

723,787

271,966

Income tax (benefit) expense

(809,888)

202,637

(1,289,957)

388,468

Stock-based compensation expense, including
employer payroll taxes related to stock-based
awards

959,969

707,963

1,403,808

1,201,134

Provision for credit losses on other receivables

739,773

739,773

Other non-recurring items

37,341

37,341

Total net adjustments

1,177,947

938,385

1,477,713

1,668,004

Adjusted EBITDA

$ (1,333,077)

$ 1,569,016

$ (2,621,592)

$ 2,797,227

 

Consolidated Balance Sheets

(Unaudited)

June 30,

December 31,

2026

2025

Assets

Current assets

Cash and cash equivalents

$ 6,514,813

$ 7,669,754

Accounts receivable, net

8,546,307

756,288

Loans receivable, net

847,993

815,995

Other receivables, net

3,392,082

3,467,814

Deferred offering costs

102,586

170,977

Prepaid expenses and other current assets

2,380,284

3,280,148

Total current assets

21,784,065

16,160,976

Non-current assets

Software

7,197,718

6,530,894

Operating lease – right-of-use assets

104,277

139,940

Long-term prepaid expenses

8,184

258,151

Deferred tax assets, net

540,436

Total non-current assets

7,850,615

6,928,985

Total assets

$ 29,634,680

$ 23,089,961

Liabilities and stockholders’ equity

Current liabilities

Accounts payable and accrued expenses

$ 9,907,370

$ 4,188,811

Operating lease liabilities – current

81,225

76,195

Other current liabilities

891,598

Total current liabilities

9,988,595

5,156,604

Non-current liabilities

Deferred tax liabilities

757,675

Operating lease liabilities – non-current

21,713

63,617

Total non-current liabilities

21,713

821,292

Total liabilities

10,010,308

5,977,896

Stockholders’ equity

Common stock, $0.001 par value; Class A Common stock 150,000,000
shares authorized 53,858,083 and 46,006,000 shares issued and
outstanding as of June 30, 2026 and December 31, 2025, respectively

$ 53,858

$ 46,006

Common stock, $0.001 par value; Class B Common stock 50,000,000
shares authorized, 11,700,000 shares issued and outstanding as of June
30, 2026 and December 31, 2025, respectively

11,700

11,700

Additional paid-in capital

18,365,473

11,834,121

Retained earnings

1,120,933

5,220,238

Noncontrolling interests

72,408

Total stockholders’ equity

19,624,372

17,112,065

Total liabilities and stockholders’ equity

$ 29,634,680

$ 23,089,961

 

Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended June
30,

Six Months Ended June 30,

2026

2025

2026

2025

Cash flows (used in) provided by operating activities:

Net (loss) income

$ (2,511,186)

$ 630,631

$ (4,099,467)

$ 1,129,223

Adjustments to reconcile net (loss) income to net cash
(used in) provided by operating activities:

Bad debt (recovery) expense

(2,954)

5,990

(2,954)

5,990

Amortization expense

320,320

135,983

723,787

271,966

Provision for refund liability

175,698

108,402

955,743

Provision for credit losses on other receivables

739,773

739,773

Deferred tax benefit

(813,639)

(32,074)

(1,298,111)

(66,547)

Interest income

(15,999)

(15,999)

(31,998)

(31,998)

Stock-based compensation expense

959,320

707,963

1,325,882

1,201,134

Changes in operating assets and liabilities:

Accounts receivable

(4,805,705)

823,480

(7,787,065)

359,982

Other receivables

(59,704)

134,954

(71,444)

(3,354,582)

Prepaid expenses and other assets

350,442

455,844

798,039

(561,907)

Operating lease right-of-use assets and
liabilities, net

(606)

18

(1,211)

37

Accounts payable and accrued expenses

2,927,618

(1,150,600)

4,364,800

2,269,897

Income taxes payable

(390,612)

(170,309)

Other current liabilities

(1,000,000)

Net cash (used in) provided by operating activities

(2,912,320)

1,481,276

(6,231,567)

2,008,629

Cash flows used in investing activities:

Development of software

(596,992)

(909,897)

(959,123)

(1,613,372)

Net cash used in investing activities

(596,992)

(909,897)

(959,123)

(1,613,372)

Cash flows (used in) provided by financing activities:

Proceeds from issuance of common stock in
connection with private investment in public equity
financing, net of placement agent fees and escrow
agent fees

6,381,000

Payments of deferred offering costs

(199,440)

(8,250)

(243,608)

(106,339)

Contributions from noncontrolling interests

71,428

71,428

Taxes paid related to net share settlement of equity awards

(173,071)

(173,071)

Net cash (used in) provided by financing activities

(301,083)

(8,250)

6,035,749

(106,339)

(Decrease) increase in cash and cash equivalents

(3,810,395)

563,129

(1,154,941)

288,918

Cash and cash equivalents, beginning of the period

10,325,208

7,575,037

7,669,754

7,849,248

Cash and cash equivalents, end of the period

$ 6,514,813

$ 8,138,166

$ 6,514,813

$ 8,138,166

Supplemental disclosures of cash flow information:

Cash paid for interest

$  —

$  —

$  —

$  —

Cash paid for income taxes

$ 15,000

$ 625,323

$ 10,035

$ 625,323

Summary of noncash investing and financing activities:

Accrued deferred offering costs included in accounts
payable and accrued expenses

$ 115,911

$  —

$ 215,911

$  —

Accrued development of software included in
accounts payable and accrued expenses

430,386

265,243

430,386

265,243

Reclassification of deferred offering costs to
additional paid-in capital upon private investment in
public equity financing

75,030

527,910

Stock-based compensation capitalized for software
development

10,617

19,454

 

Investor Contact:
Health In Tech Investor Relations
ir@healthintech.com

HappyRun Sports Steps In to Replace Stolen Make-A-Wish E-Bike

After Jaiden’s Make-A-Wish e-bike was stolen in Las Vegas, HappyRun Sports stepped in with a replacement — restoring his independence and freedom to ride.

ORANGE, Calif., Aug. 14, 2026 /PRNewswire/ — HappyRun Sports is featured in a FOX5 Surprise Squad story about Jaiden Rector, a teenager living with cystic fibrosis whose Make-A-Wish gift — a HappyRun G300 Pro — was stolen. The July 16 segment followed Jaiden and his family as the FOX5 team turned a painful loss into an unforgettable surprise.


HappyRun Sports featured on FOX5 Surprise Squad replacing a stolen Make-A-Wish G300 Pro e-bike for Jaiden Rector, a Las Vegas teen living with cystic fibrosis, restoring his freedom and independence.

In the FOX5 interview, Jaiden explained that cystic fibrosis affects his lungs and digestive tract and requires frequent medication and breathing treatments. Running quickly leaves him out of breath, while the G300 Pro gave him an easier way to stay alongside his friends.

“I can actually keep up with my friends — like being a normal kid for once. It was probably the most beautiful thing I’ve ever had,” Jaiden said in the segment.

A G300 Pro That Changed Everyday Life

Jaiden first received the HappyRun G300 Pro through Make-A-Wish. According to the FOX5 segment, Jason, Head of the U.S. Region at HappyRun Sports, personally drove the original bike from Los Angeles to Las Vegas on Jaiden’s wish day.

Designed as a high-performance, long-range all-terrain model, the G300 Pro combines electric assistance with adjustable riding modes and a suspension system built for varied outdoor surfaces. For Jaiden, those features had a simple, practical value: he could choose a comfortable pace, join his friends outdoors and experience a greater sense of independence.

The Theft — and an Immediate Response

The G300 Pro was stolen after Jaiden parked it outside while going inside to pick up food. When he returned, it was gone. His mother, Ashley, told FOX5 that the family was shocked and turned to GoFundMe because the stolen bike had been his Make-A-Wish gift.

When word reached the HappyRun team, they took action immediately. As Jason explained on camera, HappyRun could provide another G300 Pro — “no questions asked.”

“Another G300 Pro — no questions asked.”

Head of the US region Jason then drove from Los Angeles to Las Vegas again — his second personal delivery to Jaiden and his family. Witnessed by FOX5’s Surprise Squad, a brand-new G300 Pro appeared in front of Jaiden.

Jaiden’s reaction was immediate: “I love it.” As the new bike’s lights came on and he prepared to ride, he and his family repeatedly thanked the team.

Why the G300 Pro Mattered

The replacement was more than a like-for-like product delivery. The G300 Pro’s motor assistance, adjustable settings and all-terrain platform offer a flexible way to ride across different outdoor surfaces. In Jaiden’s story, the most meaningful benefit was not a specification on a product page — it was the ability to stay connected with friends and return to an activity he loved.

Showing Up — Again

For HappyRun Sports, the story reflects a simple responsibility: when a product becomes part of someone’s ability to participate in everyday life, support should not end with the first delivery.

“Every bike we build is meant to be a reliable companion. In Jaiden’s story, that promise means helping a young rider get back outside, stay connected with friends and feel the wind again,” said Jason, Head of the U.S. Region at HappyRun Sports. “We don’t just build e-bikes; we craft experiences that people truly love.”

The Vision: Mobility for Everyone

“HappyRun’s mission is direct: mobility should be carbon-neutral, exhilarating and open to everyone — empowering riders to explore a wider world with machines as versatile as they are powerful.”

About HappyRun Sports

HappyRun Sports is a California-based electric mobility brand creating electric dirt bikes for off-road exploration, along with e-bikes for recreation, cargo use and everyday mobility. Its portfolio ranges from high-performance models such as the G300 Pro to practical fat-tire and cargo platforms. The company combines product innovation, outdoor enjoyment and dependable after-sales support for riders with different needs and experience levels.

HappyRun has also expanded its safety-focused lineup with a growing range of commuter e-bikes designed for compliant road use and certified to UL 2849 standards, including select models in the G60 and G70 families. These products reflect the company’s ongoing commitment to combining versatile everyday performance with recognized electrical-system safety standards.

For more information, visit www.happyrunsports.com.

Source Note

Product descriptions, specifications, executive titles and certification claims are provided by HappyRun Sports.

Media Contact

For more information, please visit:

US website: https://www.happyrunsports.com/
Facebook: https://www.facebook.com/happyrunsports
Facebook group: https://www.facebook.com/groups/happyrunebike/
YouTube: https://www.youtube.com/@happyrunsports
TikTok: https://www.tiktok.com/@happyrunsports
Instagram: https://www.instagram.com/happyrunsports/

COSRX Brings Peptide Science to Life at Olive Young Festa LA 2026

LOS ANGELES, Aug. 14, 2026 /PRNewswire/ — Global K-beauty derma skincare brand COSRX is bringing Peptide science to life at Olive Young Festa LA 2026 through the COSRX Peptide Signal Station, an interactive skincare experience taking place August 14–16 at the Los Angeles Convention Center’s South Hall.

COSRX Brings Peptide Science to Life at Olive Young Festa LA 2026
COSRX Brings Peptide Science to Life at Olive Young Festa LA 2026

Olive Young Festa LA 2026 marks the first U.S. edition of Olive Young’s signature experiential beauty festival. Held within the KCON LA 2026 Festival Grounds under the theme “The K-Beauty Playground Festival,” the event will transform approximately 50,000 square feet of the Los Angeles Convention Center into an immersive K-beauty destination inspired by four of Seoul’s most recognizable neighborhoods: Myeongdong, Hongdae, Gangnam and Seongsu.

Approximately 30,000 visitors are expected to attend the three-day festival and explore products, skincare services and interactive content from 55 participating K-beauty and lifestyle brands.

Located within the Festa’s ‘Seongsu’ Zone, the COSRX Peptide Signal Station will invite visitors to explore how Peptides function as signaling ingredients in skincare through personalized skin analysis, an interactive game and hands-on missions. Known for making ingredient-led derma skincare approachable, COSRX will give visitors a hands-on way to explore Peptide science and see how Peptide products can fit into an everyday skincare routine.

Enter the COSRX Peptide Signal Station

Presented in a glowing pink environment inspired by COSRX’s TikTok-viral The Peptide Collagen Hydrogel Eye Patch, The 6 Peptide Skin Booster Serum and The Peptide Collagen Lifting Glow Hydrogel Mask, the COSRX booth will turn Peptide science into an immersive experience through visual storytelling, interactive play and hands-on discovery.

At the heart of the experience is a simple question: What do Peptides actually do in skincare? Peptides are short chains of amino acids, the fundamental components that make up proteins such as collagen and elastin in the skin. While Peptides have become one of skincare’s most talked-about ingredients, different types of Peptides can serve different roles. Some function as signaling molecules, communicating with skin cells and supporting processes associated with maintaining the skin’s appearance and condition. COSRX makes this complex science easier to understand by connecting Peptide signaling with familiar skincare needs.

Visitors can explore the concept through two hands-on activities:

  • Check Your Skin Signal: A skin analyzer measures oil and moisture levels to provide a snapshot of each visitor’s current skin condition.
  • Play the Peptide Signal Game: An interactive game demonstrates how Peptide signaling relates to different skincare concerns.

Visitors who complete the experience can receive The Peptide Collagen Hydrogel Eye Patch and The Peptide Collagen Lifting Glow Hydrogel Mask, while daily supplies last.

According to a COSRX spokesperson “COSRX is incredibly excited to be joining this event and sharing our ‘Friendly Derma’ philosophy with consumers. We believe that skincare science should be approachable and easy to understand. While Peptides may sound complex, the COSRX Peptide Signal Station transforms the ingredient into an interactive and enjoyable experience, helping visitors discover skincare science in a more accessible way.”

COSRX will also be featured in the festival’s limited-edition goodie bag. Visitors who collect stamps from at least seven participating booths can receive approximately $110 worth of full-size K-beauty products, including COSRX’s The 6 Peptide Skin Booster Serum, while daily supplies last.

Meet the COSRX Peptide Lineup

At the center of the experience is a three-product lineup showing how Peptides can be incorporated across different steps of a skincare routine.

  • The 6 Peptide Skin Booster Serum is a lightweight, toner-like booster formulated with six Peptides to prepare the skin for the next steps of a routine. Designed as a multi-concern first-step serum, it supports hydration and helps improve the appearance of radiance, skin texture, visible pores and elasticity without adding heaviness.
  • The Peptide Collagen Hydrogel Eye Patch combines four Peptides and collagen with caffeine, niacinamide and hyaluronic acid. The pink hydrogel patches provide targeted care for the appearance of under-eye puffiness, fine lines and dullness in as little as 10 minutes.
  • The Peptide Collagen Lifting Glow Hydrogel Mask is formulated with six Peptides and low-molecular-weight collagen. As the hydrogel mask adheres to the skin, it gradually becomes transparent, helping leave the complexion looking firmer, smoother and more radiant.

All three featured products are also available through the Olive Young Global online and offline stores, allowing consumers to recreate the featured COSRX Peptide routine beyond the festival.

About COSRX

Rooted in science and driven by results, COSRX is a global derma skincare brand known for high-performance, accessible formulations developed around carefully selected ingredients and real skin concerns. Through ingredient-led innovation and consumer-focused product development, COSRX creates effective skincare solutions that are easy to understand and incorporate into everyday routines. Its award-winning portfolio is available through COSRX.com and leading retailers including Olive Young, Amazon, ULTA, Revolve, Dermstore, Nordstrom and Target. Follow ‘@cosrx’ on Instagram and TikTok for the latest product launches, skincare tips and brand updates.

Huawei Unveils Upgraded Xinghe Intelligent Network Under the “Secure and Intelligent Connectivity” Philosophy to Advance Industrial All Intelligence in Asia-Pacific

BALI, Indonesia, Aug. 13, 2026 /PRNewswire/ — The Huawei Network Summit 2026 Asia-Pacific today concluded in Bali, attracting over 500 industry leaders, technical experts, and ecosystem partners to explore network transformation trends amid the large-scale deployment of AI agents. During the summit, Huawei unveiled its upgraded Xinghe Intelligent Network Solution for the Asia-Pacific region under the new philosophy of “Secure and Intelligent Connectivity.” This move reaffirms Huawei’s efforts to advance all intelligence across industries together with customers and partners.

Currently, AI agents gain momentum across countries such as Malaysia, Vietnam, and Thailand, powering use cases like smart healthcare, financial risk control, and urban governance to drive cost efficiency. Meanwhile, large-scale AI adoption brings new network challenges: First, as AI agents penetrate core business processes, network instability is magnified exponentially; second, AI-driven cyberattacks have surged by 327%, straining traditional defenses.

Leon Wang, President of Huawei Data Communication Product Line, giving a speech
Leon Wang, President of Huawei Data Communication Product Line, giving a speech

Leon Wang, President of Huawei Data Communication Product Line, noted, “The global AI wave is reshaping every industry. This is driving networks toward an AI-centric paradigm built on four pillars: lossless compute to maximize token efficiency; integrated sensing and communications to quickly empower the physical world with AI; full-scope security to effectively address AI-driven novel threats; and high-level network autonomy to ensure always-on services.”

Zac Chow, Vice President of Huawei Asia Pacific Enterprise Sales Dept, delivering a speech
Zac Chow, Vice President of Huawei Asia Pacific Enterprise Sales Dept, delivering a speech

Zac Chow, Vice President of Huawei Asia Pacific Enterprise Sales Dept, said, “As models compete, tokens surge, and agents act autonomously, applications will become increasingly intelligent and run on unified platforms. Networks will also become AI-native, serving as the backbone of intelligent agents. Huawei is building an AI-centric converged network, working with partners to provide government, finance, Internet, and other industry customers with a network foundation that delivers high-efficiency, lossless transmission, and ultra-fast application experiences. This accelerates industry intelligence and shapes a more connected, intelligent future for Asia-Pacific.”

John Cai, Vice President of Huawei Data Communication Product Line, delivering a speech
John Cai, Vice President of Huawei Data Communication Product Line, delivering a speech

The boom in AI agents brings challenges to network stability and security. To address this, John Cai, Vice President of Huawei Data Communication Product Line, noted, “Huawei has upgraded its Xinghe Intelligent Network Solution under a new paradigm of ‘Secure and Intelligent Connectivity.’ First is an intelligence upgrade, expanding AI beyond O&M throughout the entire network. Second is a security upgrade, advancing from single-point defense to end-to-end protection that deeply converges network and security. Through these architectural upgrades, we are determined to build the solid connectivity foundation for every enterprise in the Agentic AI era and help every industry move forward steadily amid the AI wave.”

Huawei’s upgraded Xinghe Intelligent Network Solution covers Xinghe AI Fabric 2.0, Xinghe Intelligent WAN, Xinghe AI Campus, and Xinghe AI Network Security.

Xinghe AI Fabric 2.0

To address service stability challenges in multi-vendor network environments, Huawei has upgraded its StarryWing Digital Map and Rock-Solid Architecture with many AI technologies. Specifically, xFlow technology enables intelligent full-flow analysis, which facilitates fault demarcation within one minute, eliminating customer concerns. Meanwhile, the AI Eagle-Eye Engine delivers real-time visibility into the quality of 200,000 service flows, and completes fault root-cause analysis in minutes, greatly enhancing data center network resilience.

Tailored for AI computing scenarios, Huawei’s Hyper-Converged Fabric (HCF) achieves a network-wide throughput of over 98% while boosting inference Tokens Per Second (TPS) by 20%. Equipped with iFlashboot 2.0, Huawei’s Xinghe AI computing switches enable device reboots in just 5 seconds, ensuring uninterrupted services. Furthermore, StarryLink optical modules can detect fiber contamination and looseness issues within one minute, slashing inference interruption events by 90% and accelerating inclusive AI through ultra-efficient networks. 

Xinghe Intelligent WAN

Today’s WANs face threats from novel cyberattacks. To address this, Huawei has built a multi-dimensional security defense system that seamlessly extends protection from devices to private lines. Specifically, Huawei’s intelligent security board can identify multi-dimensional anomalies across files, memory, and systems in real time, achieving precise defense against Advanced Persistent Threats (APTs). Unlike traditional solutions that require external Quantum Key Distribution (QKD) devices, Huawei’s QKD quantum security board, the first of its kind in the industry, can be directly installed on a router, cutting overall capital expenditure by over 60% and helping build highly resilient, quantum-resistant WANs.
For home broadband, the proliferation of encrypted traffic causes uncontrollable user experience and rising customer complaints and churn. Huawei addresses this with the Xingluo Identification Engine, which can identify encrypted traffic at over 95% accuracy. Plus, user tags and intelligent customer profiling algorithms ensure 90% accuracy in customer acquisition, helping sharpen the competitive edge in home broadband.

Xinghe AI Campus

Huawei’s Xinghe AI Campus Solution powers enterprise digital transformation with many innovations. On the wireless front, Wi-Fi 7 Advanced multi-AP coordination doubles performance, while full-series multi-GE switches and flexible right-to-use (RTU) licensing slash TCO by over 30%. With regard to security, AI clustering–based endpoint identification achieves 95% accuracy in identifying dumb terminals, and smart anomaly detection (SmartAD) blocks anomalies in seconds. Wi-Fi Shield and Post-Quantum Cryptography (PQC) secure connections, Wi-Fi Channel State Information (CSI) sensing technology enables iGuard APs to safeguard privacy 24/7. As for network O&M, AI digital humans offer 24/7 assurance for campus networks, and AI sensing-capable APs enable real-time monitoring. Powered by multi-objective reinforcement learning algorithms, 80% of faults are autonomously resolved within 30 seconds, creating the industry’s first network autonomy solution.

Xinghe AI Network Security

According to research, 71% of enterprises in Asia-Pacific view AI as their top data security concern, and 81% have experienced API security incidents. To counter this, Huawei proposes ‘fighting AI with AI’ and has upgraded its AI firewall with a three-layer protection architecture. Specifically, a built-in AI Core can detect unknown threats at 95% accuracy, twice the industry average performance. HiSec AI-Guard, powered by a large language model semantic analysis engine, accurately identifies attacks such as prompt injection with a detection rate exceeding 95%. Together, these capabilities establish a robust security baseline for the intelligent era.

Huawei also unveiled over 20 new eKit SME Network products tailored for SMEs. Highlights include AR580 (a secure converged gateway for offices), S630 (a 10GE all-optical switch), and AP637H & DF10 (a spycam-detecting product portfolio)—all delivering major upgrades in both security and performance. These new offerings are ideal for scenarios like intelligent offices, retail stores, education, and hotels, providing SMEs with a brand-new experience in secure, intelligent connectivity.

At the event, Huawei, together with industry customers and partners across Asia-Pacific, jointly released the Huawei AI Firewall (AIFW) Technology White Paper and the High-Quality 10 Gbps AI Campus Technical and Standard White Paper. These publications outline the technology evolution and industry development path for AI firewalls while providing systematic guidance for building intelligent, secure AI campuses.

Looking ahead, Huawei will remain committed to its “AI for All, All on Secure IP” vision, continuously upgrading its Xinghe Intelligent Network Solution under the philosophy of “Secure and Intelligent Connectivity” to stride into the intelligent era together with customers and partners.