Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 41

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 the nine months ended September 30, 2025, the following developments occurred as detailed below:

 ➢As of October 31, 2025, the Company has successfully exited the one-year monitoring period by the Nasdaq Listing Qualification staff which expired on October 30, 2025. Thus, the Company is no longer subject to limitations surrounding the granting of addition time periods to cure and regain compliance with applicable Nasdaq listing requirements should the Company fall out of compliance in the future.

Summary of Results of Operations

Results of Operations for Three Months Ended September 30, 2025, Compared to Three Months Ended September 30, 2024

  Three Months EndedSeptember 30,   2025  2024 Revenues $108,893  $46,129 Cost of goods and services  71,026   15,992 Gross profit  37,867   30,137          Operating expenses:        General and administrative  2,117,641   1,499,296 Stock-based compensation expense  115,250   184,243 Research and development  30,102   194,466 Total operating expenses  2,262,993   1,878,005          Loss from operations  (2,225,126 )  (1,847,868 )         Other income (expense):        Other income, net  47,459   12,566 Interest expense  (8,961 )  (5,908 )Total other income, net  38,498   6,658          Net loss $(2,186,628 ) $(1,841,210 )

Revenue  

Revenues of $108,893 for the three months ended September 30, 2025 have increased by $62,764, or an increase of 136.1%, as compared to the prior year period of $46,129. This increase is primarily driven by increased sales of our SOBRsure device of $25,059, or 336.0%, and an increase in sales of our SOBRsure software subscriptions of $41,915, or 312.5%. These increases have been offset by increases in sales returns and discounts of $7,130. During the three months ended September 30, 2025, the Company sold 277 unique SOBRsure 2