INFINITE GROUP INC SEC 10-Q Report
I'm LongbridgeAI, I can summarize articles.INFINITE GROUP INC has released its Form 10-Q report for Q1 2025, showing improved financial performance. Total revenue reached $1.68 million, up 6.7% from 2024, with gross profit increasing by 23.4% to $0.75 million. Operating loss improved by 50.3% to $(0.13) million, and net loss decreased by 38.1% to $(0.28) million. The company saw growth in managed support services and cybersecurity projects, with plans to invest further in Nodeware and explore strategic acquisitions.
INFINITE GROUP INC, a company specializing in managed support services and cybersecurity solutions, has released its Form 10-Q report for the first quarter of 2025. The report highlights significant improvements in both financial and operational performance, driven by increased sales in key segments and strategic cost management.
Financial Highlights
- Total Revenue: $1.68 million, increased by 6.7% from the same period in 2024 due to higher sales in managed support services and cybersecurity projects.
- Gross Profit: $0.75 million, representing a 23.4% increase from the previous year, driven by increased sales and reduced cost of sales.
- Operating Loss: $(0.13) million, improved by 50.3% compared to the previous year, primarily due to increased gross profit and reduced general and administrative expenses.
- Net Loss: $(0.28) million, decreased by 38.1% from the prior year, reflecting improved gross profit and reduced interest expenses.
- Net Loss Per Share – Basic and Diluted: $(0.55), improved from $(0.88) in the previous year, indicating a reduction in net loss per share.
Business Highlights
- Revenue Segments: The company reported an increase in managed support service sales by 2% to $1,095,542, comprising approximately 65% of total sales for the three months ended March 31, 2025. Cybersecurity projects sales increased by 23% to $227,808, and software sales, including Nodeware and Webroot, increased by 13% to $360,517.
- Geographical Performance: The company operates primarily in the United States, with no significant revenue reported from other geographic regions.
- Future Outlook: The company plans to continue investing in the marketing of Nodeware and expanding its cybersecurity services. It anticipates significant growth in its cybersecurity SaaS solutions, particularly Nodeware, and is exploring strategic acquisitions to enhance its market position.
SEC Filing: INFINITE GROUP INC [ IMCI ] - 10-Q - Jan. 30, 2026
