Datavault AI stock names a new director after NYIAX deal

Published on 10/07/2026 at 00:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Datavault AI stock gained a new independent director after the NYIAX acquisition. Q2 revenue rose 287 percent to USD 6.717 million, but the net loss reached USD 88.025 million.

DVLT, US86633R6099, Illustration mit AI erstellt.

Datavault AI stock now has a new board member after the company appointed Christopher R. Hardt as an independent director effective October 3, 2026. The shares closed at USD 0.157 on Nasdaq on October 6, 2026, down 1.87 percent for the session.

NYIAX deal adds governance depth

According to StockTitan on October 6, 2026, Hardt joined the board after Datavault AI completed its August 2026 acquisition of NYIAX. He will serve on the Audit Committee and the Nominating and Corporate Governance Committee.

The appointment gives the newly expanded group additional public-company reporting and transaction experience. Hardt previously served on the NYIAX board, while the acquisition added patented exchange technology and contract-management capabilities to Datavault AI's platform.

Revenue growth meets heavy losses

Datavault AI's second-quarter revenue reached USD 6.717 million for the three months ended June 30, 2026, up 287 percent from USD 1.735 million in the prior-year quarter, according to Yahoo Finance.

The comparison has a sharp second half. Datavault AI reported a net loss of USD 88.025 million and diluted GAAP EPS of negative USD 0.12 for Q2 2026, while the prior-year loss was USD 37.1 million, according to GlobeNewswire.

USD 200 million target remains

Management reiterated a USD 200 million revenue target for fiscal year 2026 during the Q2 earnings call, according to Yahoo Finance. Against USD 6.717 million of Q2 revenue, that target leaves execution concentrated in the second half of the year.

The balance-sheet pressure is material. Finance data show USD 1.4 million of cash at June 30, 2026, while operating cash flow for Q2 was negative USD 71.236 million. That combination makes revenue conversion and financing conditions more important than the headline growth rate.

DVLT remains below USD 0.20

DVLT ended the October 6, 2026 Nasdaq session at USD 0.157, with a daily range of USD 0.155 to USD 0.161 and volume of 14,940,000 shares. The 52-week range was USD 0.143 to USD 4.100, placing the stock 96.17 percent below its yearly high.