Parabolic (NASDAQ: PARA) has completed integration and realignment actions expected to generate approximately $9.3 million in annualized cost savings.
ConnectAndSell integration included reducing approximately 12 positions and third-party contractor use, with estimated annualized savings of $3.1 million. The company expects these efficiencies to be fully recognized on a run-rate basis by the end of FY2026. Its new business unit model and shared administrative services are expected to generate $6.2 million in annualized savings, comprising approximately $1.4 million from position reductions across CreateStudio and Banzai and an estimated $4.8 million from administrative and corporate expense reductions.
Parabolic (NASDAQ: PARA) reported Q2 2026 revenue of $2.3 million, down 15.7% sequentially and $0.9 million year-over-year, with gross margin of 80.2%. Net loss narrowed to $5.0 million from $8.4 million in Q1 2026, while Adjusted EBITDA loss improved sequentially to $1.7 million.
The company reduced Q2 operating expenses to $6.2 million and cut net debt by $3.8 million since December 31, 2025, lifting stockholders’ equity to $12.2 million. Parabolic closed the asset acquisition of ConnectAndSell, whose FY 2025 revenue was $14.7 million with 86% gross margin, and now expects FY 2026 revenue of $17 million and FY 2027 revenue of $26 million. Management expects operations to generate operating income, excluding non-cash expenses, on a monthly run-rate basis starting during Q2 2027.
Parabolic (NASDAQ: PARA), the d/b/a of Banzai International, will host a conference call on Friday, August 14, 2026 at 4:30 p.m. Eastern Time to discuss second quarter 2026 financial results, ongoing initiatives, and anticipated milestones.
Founder & CEO Joe Davy and CFO Dean Ditto will lead the call, followed by a Q&A. The event will be webcast, with an accompanying presentation available through the company’s investor relations site. Parabolic continues to trade on the Nasdaq Capital Market under the ticker PARA, and, pending shareholder approval, plans to change its corporate name to Parabolic Technologies. A replay of the webcast and presentation will be accessible later via the investor relations section.