Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 59

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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(1,502,444) 
     (18,143,714) 
     -1,206.78%
  
    Income (loss) before income taxes 
     (25,844,216) 
     (3,262,376) 
     (22,581,840) 
     -692.16%
  
    Income tax expense (benefit) 
     -  
     -  
     -  
     0.00%
  
    Net income (loss) from continuing operations 
     (25,844,216) 
     (3,262,376) 
     (22,581,840) 
     -692.16%
  
    Net income (loss) from discontinued operations 
     -  
     85,003  
     (85,003) 
     -100.00%
  
    Net income (loss) 
    $(25,844,216) 
    $(3,177,373) 
    $(22,666,843) 
    $-713.38%

Revenue

For the three months ended September 30, 2025, revenues were $5,300,527,
representing a decrease of $755,519, or 12.48%, compared to revenues of $6,056,046 for the three months ended September 30, 2024. The
decrease reflects reduced order volumes from certain customers as the Company exited its liquidation-model operations and is in the process
of winding down relationships where we previously were operating customer storefronts to mitigate losses.

Cost
of Revenues

Cost of revenues was $5,496,377 for the three months ended September 30,
2025 compared to $4,451,185 for the three months ended September 30, 2024, a decrease of $1,045,192, or 23.49%. The decrease correlates
to the reduction in volumes described above. Cost of revenues for the 2025 period also reflects the impact of product mix shifts and includes
certain close-out reserved inventory costs associated with the exit from the liquidation model.

33

Gross
Profit

Gross profit decreased to a loss of $195,850 for the three months ended
September 30, 2025 compared to a gross profit of $1,604,861 for the three months ended September 30, 2024, a decline of $