CLASSOVER HLDGS INC C/WTS 03/04/2030(TO PUR COM) | 10-Q: FY2025 Q2 Revenue: USD 725.65 K

LB filings
2025.08.14 21:26
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Revenue: As of FY2025 Q2, the actual value is USD 725.65 K.

EBIT: As of FY2025 Q2, the actual value is USD -1.699 M.

Segment Revenue

  • Service Revenues: $725,648 for the three months ended June 30, 2025, compared to $840,611 for the same period in 2024, a decrease of 14%.
  • Consulting Revenues (Related Party): No consulting revenue in the three months ended June 30, 2025, compared to $100,000 in the same period in 2024.

Operational Metrics

  • Gross Profit: $322,718 for the three months ended June 30, 2025, compared to $529,472 for the same period in 2024, a decrease of 39%.
  • Gross Margin: Decreased from 56% in the three months ended June 30, 2024, to 44% in the same period in 2025.
  • Operating Expenses: Increased to $2,021,751 for the three months ended June 30, 2025, from $700,385 in the same period in 2024, an increase of 189%.
  • Net Loss: $3,866,169 for the three months ended June 30, 2025, compared to $172,819 for the same period in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: -$624,777 for the six months ended June 30, 2025.
  • Net Cash Used in Investing Activities: -$2,300,000 for the six months ended June 30, 2025.
  • Net Cash Provided by Financing Activities: $8,852,667 for the six months ended June 30, 2025.

Unique Metrics

  • Crypto Asset Carrying Value: $5,951,271 as of June 30, 2025.
  • Unrealized Gain on Crypto Assets: $182,665 as of June 30, 2025.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue focusing on its online enrichment class platform, offering over 40 courses and aiming to increase its registered user base and paid subscribers.
  • Non-Core Business: The company has not secured new consulting contracts as of June 30, 2025, and is uncertain about future growth in consulting revenue.
  • Priority: The company has entered into an equity purchase facility agreement with Solana Holdings for up to $400 million in newly issued shares and a Securities Purchase Agreement for up to $500 million in newly issued Notes to support its operations and meet payment obligations.
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