EvoAir Holdings Inc. SEC 10-Q Report

EvoAir Holdings Inc., a leading provider of innovative air-conditioning solutions and advanced materials, has released its Form 10-Q report for the third quarter. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting its strategic initiatives and market expansion efforts. Financial Highlights Revenue: EvoAir Holdings Inc. reported revenue of $37,306,000 for the quarter. The decrease of $52,310 compared to the previous period was primarily due to a reduction in sales of the EvoAir™ air-conditioner.Gross Profit: The company achieved a gross profit of $28,801,000. The significant improvement in gross profit margin was primarily driven by better margins from the sale of the Ionic Nano Copper Zinc solution.Loss from Operation: The company reported a loss from operations amounting to $(1,208,663). This continued net loss is primarily attributable to strategic investments in building the necessary infrastructure and resources to support business expansion objectives.Net Loss: EvoAir Holdings Inc. recorded a net loss of $(1,186,838). Similar to the operational loss, this net loss is mainly due to the company's strategic investments aimed at supporting its growth plans.Net Loss Attributable to Equity Holders of the Company per Common Share: The net loss per common share was $(0.04). The company remains focused on optimizing its cost structure and enhancing operational efficiencies to improve future profitability. Business Highlights Revenue Segments: The company's revenue was primarily driven by sales of EvoAir™ air-conditioners and the Ionic Nano Copper Zinc solution. The overall revenue decrease was mainly due to a significant reduction in EvoAir air-conditioner sales, although this was partially offset by increased sales of the Ionic Nano Copper Zinc solution.Geographical Performance: EvoAir Holdings Inc. is expanding its product reach across various markets, including residential, commercial, and industrial sectors. This expansion is being achieved through strategic distribution channels, project collaborations, and private labeling and licensing models.Sales Units: The company is focused on optimizing its cost structure and enhancing operational efficiencies, which is expected to improve gross margins and position the company for future profitability.Future Outlook: Management is confident in the long-term prospects of EvoAir™ and is focused on continuing to innovate and address challenges. The company aims to establish EvoAir™ as a leading solution in the sustainable cooling market. Additionally, EvoAir Holdings Inc. is actively pursuing plans to raise additional funding to support operations and business expansion, including preparations to uplist on the Nasdaq Capital Market.SEC Filing: EvoAir Holdings Inc. [ EVOH ] - 10-Q - Jul. 11, 2025