SEQLL INC C/WTS 31/08/2026 (TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 110.13 M

Revenue: As of FY2025 Q3, the actual value is USD 110.13 M.

EPS: As of FY2025 Q3, the actual value is USD -0.2.

EBIT: As of FY2025 Q3, the actual value is USD -6.623 M.

Segment Revenue

• Temporary Placement Services: Revenue for the three months ended September 30, 2025, was $108,804,521, compared to $106,770,291 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $312,664,321 compared to $310,340,859 for the same period in 2024.
• Permanent Placement and Other Services: Revenue for the three months ended September 30, 2025, was $1,322,682, compared to $1,033,552 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $3,168,682 compared to $2,722,469 for the same period in 2024.

Operational Metrics

• Gross Profit: $12,401,976 for the three months ended September 30, 2025, compared to $11,885,470 for the same period in 2024. For the nine months ended September 30, 2025, gross profit was $35,006,792 compared to $33,840,498 for the same period in 2024.
• Selling, General and Administrative Expenses: $19,888,692 for the three months ended September 30, 2025, compared to $17,151,567 for the same period in 2024. For the nine months ended September 30, 2025, expenses were $58,158,706 compared to $46,045,754 for the same period in 2024.
• Depreciation and Amortization: $1,230,307 for the three months ended September 30, 2025, compared to $1,245,557 for the same period in 2024. For the nine months ended September 30, 2025, expenses were $3,699,446 compared to $3,754,165 for the same period in 2024.
• Net Loss: $10,820,344 for the three months ended September 30, 2025, compared to $7,049,629 for the same period in 2024. For the nine months ended September 30, 2025, net loss was $32,282,698 compared to $66,828,192 for the same period in 2024.

Cash Flow

• Operating Cash Flow: $3,782,051 for the nine months ended September 30, 2025, compared to -$5,558,718 for the same period in 2024.
• Investing Cash Flow: -$44,495 for the nine months ended September 30, 2025, compared to -$50,372 for the same period in 2024.
• Financing Cash Flow: -$4,332,826 for the nine months ended September 30, 2025, compared to $5,653,923 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue its focus on temporary and permanent placement services, leveraging its extensive network and expertise in various industries to drive revenue growth. The company aims to improve its gross profit margins by targeting higher-margin accounts and optimizing operational efficiencies.
• Non-Core Business: The company is exploring opportunities to refinance or restructure its existing debt obligations to improve its financial stability and support future growth initiatives. This includes negotiating with lenders to extend maturity dates and reduce interest rates.
• Priority: The company is prioritizing the repayment and restructuring of its debt obligations, including the Merger Note and other joint and several debt obligations, to ensure long-term financial stability and support ongoing operations.