Company: ORBS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-011052
Chunk: 15

Company: Eightco Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 15
---
Other
income includes the interest income received the Wattum Note.

35

Results
of Operations

Three
Months Ended March 31, 2025 versus Three Months Ended March 31, 2024

Continuing
Operations

The
following table sets forth information comparing the components of net (loss) income from continuing operations for the three months
ended March 31, 2025 and 2024:

    Three Months Ended
    March 31,

    Period over
    Period Change

    2024

    2023

    $

    %

    Revenues, net
     
    $
    9,913,987

    $
    7,958,697

    $
    1,955,290

    24.57
    %
  
    Cost of revenues

    9,100,728

    6,569,687

    2,531,041

    38.53
    %
  
    Gross profit

    813,259

    1,389,010

    (575,751
    )

    -41.45
    %

    Operating expenses:

    Selling, general and administrative

    2,229,425

    3,127,943

    (898,518
    )

    -28.73
    %
  
    Restructuring and severance

    -

    1,414,838

    (1,414,838
    )

    -100.00
    %
  
    Operating loss

    (1,416,166
    )

    (3,153,771
    )

    1,737,605

    -55.10
    %

    Other (expense) income:

    Interest income (expense)

    (1,288,804
    )

    (1,198,771
    )

    (90,033
    )

    7.51
    %
  
    Loss on issuance of warrants

    -

    -

    -

    0.00
    %
  
    Gain on forgiveness of earnout

    -

    6,100,000

    (6,100,000
    )

    -100.00
    %
  
    Other income

    21,898

    26,677

    (4,779
    )

    -17.91
    %
  
    Total other income (expense), net

    (1,