StableX Tech | 10-Q: FY2025 Q2 Revenue: USD 0

Revenue: As of FY2025 Q2, the actual value is USD 0.

EPS: As of FY2025 Q2, the actual value is USD -29.87.

EBIT: As of FY2025 Q2, the actual value is USD -1.788 M.

Segment Revenue

• Revenue for the six months ended June 30, 2025 was $0, compared to $58,351 for the same period in 2024, a decrease of 100%.

Operational Metrics

• Net Income (Loss): The net loss for the six months ended June 30, 2025 was - $13,298,007, compared to a net income of $3,275,868 for the same period in 2024.
• Gross Loss: Gross loss for the six months ended June 30, 2025 was - $239,040, compared to - $2,199,752 for the same period in 2024.
• Operating Expenses: Total operating expenses for the six months ended June 30, 2025 were $3,522,826, compared to $6,976,058 for the same period in 2024.
• Loss from Operations: Loss from operations for the six months ended June 30, 2025 was - $3,761,866, compared to - $9,175,810 for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities for the six months ended June 30, 2025 was - $4,100,960, compared to - $6,834,066 for the same period in 2024.
• Investing Activities: Net cash provided by investing activities for the six months ended June 30, 2025 was $1,024,773, compared to - $22,153,128 for the same period in 2024.
• Financing Activities: Net cash used in financing activities for the six months ended June 30, 2025 was - $7,881,527, compared to - $362,573 for the same period in 2024.

Unique Metrics

• Change in Fair Value - Warrant Liability: The change in fair value of the warrant liability resulted in a loss of - $12,174,100 for the six months ended June 30, 2025, compared to a gain of $9,010,300 for the same period in 2024.
• Change in Fair Value - Derivative Liability: The change in fair value of the derivative liability resulted in a gain of $2,661,000 for the six months ended June 30, 2025, compared to a gain of $2,627,000 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is transitioning towards a digital asset-based treasury strategy, targeting the acquisition of crypto tokens that capitalize on the stablecoin industry, with a goal of acquiring up to $100 million in crypto assets.
• Non-Core Business: The company has terminated its partnership with General Motors LLC and is focusing on re-engineering the Vanish to optimize its design and reduce manufacturing costs.
• Priority: The strategic shift includes a focus on acquiring and holding crypto assets within the stablecoin space to generate yield while managing associated risks.