Viskase Holdings, Inc. reported third-quarter 2026 net sales of $95.3 million, compared with $91.2 million a year earlier. Gross profit was $8.5 million versus $5.9 million, and net loss narrowed to $6.4 million from $13.0 million; operating loss was $3.1 million versus $9.1 million. For the first nine months, net sales were $271.9 million compared with $282.6 million, and net loss was $18.3 million versus $46.8 million.
Nine-month operating cash flow was negative $27.1 million, compared with positive $12.5 million a year earlier, while capital expenditures were $23.3 million. At September 30, 2026, short-term debt was $135.7 million; the current interest rate on the senior credit facility was 7.83%, and the term loan effective rate was 8.92%. Viskase says its ability to continue as a going concern depends on refinancing the senior credit facility before its August 2027 maturity. Management expects refinancing before maturity, but says there is no assurance of sufficient funds or satisfactory terms, and substantial doubt exists about going concern.