Every 10-Q that SPECTRAL CAPITAL CORP (FCCN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FCCN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FCCN filings page.
Spectral Capital Corporation, a Nevada-based holding company focused on telecommunications and emerging technology, reported its first material operating results following the 2025 acquisitions of 42 Telecom and Telvantis. For the quarter ended June 30, 2026, total revenues were $318.3M, and for the six months they reached $646.8M, almost entirely from international voice and messaging services at Telvantis. Gross profit for the quarter was $3.3M, reflecting very thin margins.
The company posted quarterly net income of $7.4M, but this was driven by a $9.9M non‑cash gain from remeasuring contingent consideration; for the six months it recorded a net loss of $2.0M and used $1.6M in operating cash. At June 30, 2026, Spectral held $5.3M of cash and cash equivalents and total assets of $223.8M, including $37.9M of intangible assets and $48.7M of goodwill.
Current liabilities of $162.0M exceeded current assets of $136.4M, creating a working capital deficit of $25.7M (or $9.3M excluding non‑cash contingent consideration). Management disclosed substantial doubt about the company’s ability to continue as a going concern and is pursuing additional financing, including an S‑1 filing for a proposed underwritten Nasdaq listing and continued use of receivables financing facilities. Revenue and cost of revenue are highly concentrated in a few large carrier customers and vendors, which management notes as a key risk.
Spectral Capital Corporation reported its first full quarter including 42 Telecom and Telvantis, generating Q1 2026 revenue of $328,512k versus $0 a year earlier, almost entirely from U.S. voice services. Despite the revenue surge, gross profit was only $2,190k as cost of revenue reached $326,322k.
The company posted a net loss of $9,405k, driven in part by a $5,914k non-cash loss from remeasuring contingent consideration tied to its 2025 acquisitions. Cash and cash equivalents were $2,705k, while current liabilities of $340,498k exceeded current assets of $290,867k, creating a $49,631k working capital deficit ($8,878k excluding $40,753k of non-cash contingent consideration).
Management states there is substantial doubt about the company’s ability to continue as a going concern, citing recurring losses, limited cash, dependence on external financing, and heavy reliance on a receivables financing facility with Fasanara. Customer concentration is high, with three counterparties representing about 94% of Q1 2026 revenue and cost of revenue.
Spectral Capital Corporation reported its first meaningful operating revenue following the acquisition of 42 Telecom. For the quarter ended September 30, 2025, revenue was $3,139,246, generating gross profit of $710,367. The company recorded a quarterly net loss of $964,603 and a year‑to‑date net loss of $2,111,244.
The 42 Telecom deal closed on August 1, 2025, with 8,000,000 shares issued (valued at $18.4 million) and a preliminary contingent consideration of $2.3 million tied to performance‑based “Escrow Shares.” Intangible assets recognized were $14.75 million and goodwill $4.43 million. Cash and cash equivalents were $426,295 at quarter‑end, with negative working capital of about $2.4 million, and management disclosed that these conditions “raise substantial doubt” about the company’s ability to continue as a going concern. Shares outstanding were 76,094,216 as of September 30, 2025, and 77,104,216 as of November 14, 2025.