Scantech AI | 10-Q: FY2025 Q2 Revenue: USD 864.05 K

Revenue: As of FY2025 Q2, the actual value is USD 864.05 K.

EPS: As of FY2025 Q2, the actual value is USD -0.49.

EBIT: As of FY2025 Q2, the actual value is USD -2.418 M.

Segment Revenue

• Revenue for the three months ended June 30, 2025, was $864,053, compared to $522,166 for the same period in 2024. For the six months ended June 30, 2025, revenue was $1,229,524, compared to $522,166 in 2024.

Operational Metrics

• Gross margin for the three months ended June 30, 2025, was $241,554, compared to $74,071 in 2024. For the six months ended June 30, 2025, gross margin was $368,433, compared to $74,071 in 2024.
• Total operating expenses for the three months ended June 30, 2025, were $3,291,525, compared to $2,297,525 in 2024. For the six months ended June 30, 2025, operating expenses were $9,081,808, compared to $4,291,215 in 2024.
• Net loss for the three months ended June 30, 2025, was -$21,123,802, compared to -$5,707,104 in 2024. For the six months ended June 30, 2025, net loss was -$23,811,239, compared to -$24,144,557 in 2024.

Cash Flow

• Net cash used in operating activities for the six months ended June 30, 2025, was -$4,766,318, compared to -$3,020,394 in 2024.
• Net cash provided by financing activities for the six months ended June 30, 2025, was $4,801,064, compared to $2,799,512 in 2024.

Unique Metrics

• The company issued 48,262,310 shares of common stock as of June 30, 2025, compared to 14,184,397 as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to achieve TSA’s APSS 6.2 certification in the first quarter of 2026 and expects to receive ECAC certification. It is also designing a large bore fixed gantry CT scanner for air cargo screening, with certification expected in 2026.
• Non-Core Business: The company is exploring opportunities in other government facilities and the private sector, including manufacturing plants, entertainment facilities, and other public venues.