Business
Eightco Announces Second Quarter 2025 Financial Results
Revenues Increased to $7.6 Million; Net Loss of $1.2 Million Easton, PA, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (“Eightco” or
About this update from Eightco Holdings Inc.
[{"type":"text","content":"Revenues Increased to $7.6 Million; Net Loss of $1.2 Million Easton, PA, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (“Eightco” or the “Company”) today announced financial results for the three and six months ended June 30, 2025. Second Quarter 2025 Financial Highlights Revenues of $7.6 million, compared to $5.3 million in the prior year quarter.Gross profit of $1.2 million, compared to $1.3 million in the prior year quarter.Operating loss of $1.2 million, compared to $0.9 million in the prior year quarter.Net loss of $1.2 million, or ($0.38) per share, compared to net income of $4.4 million, or $2.15 per diluted share, in the prior year quarter. First Six Months of 2025 Revenues of $17.5 million, compared to $13.2 million in the first half of 2024.Net loss of $3.7 million, compared to net income of $6.4 million in the first half of 2024. For the Three MonthsEnded June 30, For the Six MonthsEnded June 30, 2025 2024 2025 2024 Revenues, net $7,578,646 $5,283,593 $17,492,633 $13,242,290 Cost of revenues 6,333,350 3,959,810 15,434,078 10,529,497 Gross profit 1,245,296 1,323,783 2,058,555 2,712,793 Operating expenses: Selling, general and administrative expenses 2,451,832 2,191,948 4,681,257 5,319,891 Restructuring and severance - - - 1,414,838 Total operating expenses 2,451,832 2,191,948 4,681,257 6,734,729 Operating loss (1,206,536) (868,165) (2,622,702) (4,021,936) Non-operating income (expense): Interest income (expense), net (1,276,726) (1,323,594) (2,565,530) (2,522,365)Gain on divestiture 1,231,774 - 1,231,774 - Gain on forgiveness of earnout - - - 6,100,000 Gain on extinguishment of liabilities - 6,497,193 - 6,497,193 Other income 81,969 28,137 103,867 54,814 Total non-operating income (expense) 37,017 5,201,736 (1,229,889) 10,129,642 Net income (loss) before income tax expense (1,169,519) 4,333,571 (3,852,591) 6,107,706 Income tax expense (benefit) - - (28,793) - Net income (loss) from continuing operations $(1,169,519) $4,333,571 (3,823,798) 6,107,706 Net income from discontinued operations - 115,321 105,553 282,149 Net income (loss) (1,169,519) $4,448,892 (3,718,245) 6,389,855 Net loss attributable to non-controlling interest - - - (12)Net income (loss) attributable to Eightco, Inc. (1,169,519) 4,448,892 (3,718,245) 6,389,867 About Eightco Eightco (NASDAQ: OCTO) is committed to growth of its subs...