Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 44

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 Ended September 30, 2025, Compared to Nine Months Ended September 30, 2024

  Nine Months EndedSeptember 30,   2025  2024 Revenues $299,738  $148,310 Cost of goods and services  151,023   81,929 Gross profit  148,715   66,381          Operating expenses:        General and administrative  5,756,138   4,310,791 Stock-based compensation expense  370,180   584,551 Research and development  269,701   604,927 Total operating expenses  6,396,019   5,500,269          Loss from operations  (6,247,304 )  (5,433,888 )         Other income (expense):        Other income, net  200,889   46,978 Notes payable – conversion expense  -   (585,875 )Interest expense  (14,753 )  (451,720 )Total other income (expense), net  186,136   (990,617 )         Net loss $(6,061,168 ) $(6,424,505 )

Revenue  

Revenues of $299,738 for the nine months ended September 30, 2025, have increased by $151,428, or 102.1%, as compared to the prior year period of $148,310. This increase from the prior year period is primarily driven by increased sales of our SOBRsure device of $94,960, or 195.1%; an increase in sales of our SOBRsure subscriptions of $72,593, or 412.5%; an increase in our SOBRcheck subscriptions of $6,362, or 10.1%. These increases are offset by decreased sales of our SOBRcheck device of $14,888 and an increase in discounts and returns of $9,991. During the first nine months of 2025, the Company sold 603 unique SOBRsure 2nd generation devices after being launched in the fourth quarter of 2024.

Gross Profit

The cost of goods and services for the nine months ended September 30, 2025 was $151,023 resulting in a gross profit of $148,715 and a gross margin of 49.6%. The