Company: SOBR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001477932-25-005544
Chunk: 64

Company: SOBR Safe, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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  Three Months EndedJune 30,   2025  2024 Revenues $104,228  $54,191 Cost of goods and services  44,344   41,156 Gross profit  59,844   13,035          Operating expenses:        General and administrative  1,815,028   1,395,933 Stock-based compensation expense  115,252   185,910 Research and development  198,675   308,427          Total operating expenses  2,128,955   1,890,270          Loss from operations  (2,069,071 )  (1,877,235 )         Other income (expense):        Other income, net  75,713   13,157 Interest expense  (2,127 )  (213,296 )Total other income (expense), net  73,586   (200,139 )         Net loss $(1,995,485 ) $(2,077,374 )

Revenue  

Revenues of $104,228 for the three-month period ended June 30, 2025, have increased by $50,037, or an increase of 92.3%, as compared to the prior year period of $54,191. This increase is primarily driven by increased sales of our SOBRsure device of $29,244, or 133.0%; an increase in sales of our SOBRsure software subscriptions of $25,177, or 342.7%; and an increase in our SOBRcheck software subscriptions of $5,009. These increases have been offset by decreased sales of our SOBRcheck device of $7,365 and an increase in sales discounts of $2,312. During the three months ended June 30, 2025, the Company sold 161 unique SOBRsure 2nd generation devices after being launched in the fourth quarter of 2024. This represents an increase of 8.8% from the prior quarter unique sales of 148 SOBRsure 2nd generation devices.

Gross Profit

The cost of goods and services for the three months ended June 30, 2025, was $44,344 resulting in a gross profit of $59,884 and a gross margin of 57.5%. The cost of goods and services for