Company: ORBS
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012159
Chunk: 12

Company: Eightco Holdings Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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     (28,793) 
     -  
     (28,793) 
     -100.00%
  
    Net income (loss) from continuing operations 
     (3,823,798) 
     6,107,706  
     (9,931,504) 
     -162.61%
  
    Net income (loss) from discontinued operations 
     105,553  
     282,149  
     (176,596) 
     -62.49%
  
    Net income (loss) 
    $(3,718,245) 
    $6,389,855  
    $(10,108,100) 
    $-158.19%

Revenue

For
the six months ended June 30, 2025, revenues increased by $4,250,343 or 32.10%, as compared to the six months ended June 30, 2024. The
increase was attributable to increased demand from our customers due to increased sales to end users.

Cost
of Revenues

For
the six months ended June 30, 2025, cost of revenues increased by $4,904,581 or 46.58%, as compared to the six months ended June 30,
2024. The increase was largely attributable to the increase in revenues as well as the mix of products sold being lower margin.

Gross
Profit

For
the six months ended June 30, 2025, gross profit decreased by $654,238 or 24.12%, as compared to the six months ended June 30, 2024.
The decrease was largely attributable to lower margin product sales.

Operating
Expenses

Selling,
general and administrative expenses were $4,581,257 and $5,319,891 for the six months ended June 30, 2025 and 2024, respectively, representing
a decrease of $738,634, or 12.00%. The decrease was largely attributable to decreases in professional fees.

Restructuring
and severance

Selling,
general and administrative expenses were $0 and $1,414,838 for the six months ended June 30, 2025 and 2024, respectively, representing
an decrease of $1,414,838, or 100.00%. The decrease was attributable to executing on the restructuring plan and reducing costs within
the business.

Interest
Expense

Interest