Core Viewpoint - Infobird Co., Ltd (NASDAQ:IFBD) is currently trading at $0.73 with a target price of $0.70, indicating a slight downside potential of approximately -4.31% [1][5] Company Overview - Infobird has a market cap of $6.02 million, categorizing it as a micro-cap stock [2] - The company has a negative price-to-earnings (P/E) ratio of -2.15 and an earnings per share (EPS) of -1.03, reflecting its current financial challenges [2] Comparison with Peers - Orangekloud Technology Inc. (ORKT) has a stock price of $1.07 and a market cap of $6.17 million, but is significantly overvalued based on its discounted cash flow (DCF) value of $0.54, with a P/E ratio of -9.54 and an EPS of -2.93 [3] - Versus Systems Inc. (VS) is trading at $1.10 with a DCF value of $1.17, suggesting it is slightly undervalued, and has a market cap of $5.39 million, an EPS of -0.42, and a P/E ratio of -0.99, indicating the highest growth potential among its peers with a price percentage difference of 5.94% [4]

Financial Performance - Total revenues for the six months ended June 30, 2025, were $3,443,594, a significant increase from $20,000 in the same period of 2024[5] - Gross profit for the same period was $1,281,226, compared to $1,622 in 2024, indicating a substantial improvement in operational efficiency[5] - The net loss attributable to Infobird Co., Ltd for the six months ended June 30, 2025, was $1,597,213, compared to a net loss of $811,951 in 2024[5] - For the six months ended June 30, 2025, Infobird reported a net loss of $1.61 million, compared to a net loss of $0.81 million for the same period in 2024, indicating a 97.5% increase in losses year-over-year[8] - The company reported a basic and diluted loss per share of $0.41 for the six months ended June 30, 2025, compared to $0.43 in 2024[5] - For the six months ended June 30, 2025, the pro forma revenue was $3,443,594, compared to $6,437,248 for the same period in 2024, indicating a significant decline[92] - The net loss for the six months ended June 30, 2025 was $(1,608,992), compared to a net loss of $(244,714) for the same period in 2024[92] Operating Expenses - Total operating expenses rose to $2,374,659, up from $828,632 in 2024, primarily driven by increased selling and administrative costs[5] - Employee benefits expenses for the six months ended June 30, 2025, were $116,886, compared to $19,950 for the same period in 2024[74] Assets and Liabilities - Total assets decreased to $72,380,837 as of June 30, 2025, down from $73,777,893 at the end of 2024[3] - Total current liabilities decreased to $3,434,318 from $3,814,028, reflecting improved liquidity management[3] - The company reported total current assets of $12,019,639 and total liabilities of $3,501,363 as of June 30, 2025[86] - As of June 30, 2025, total accounts receivable, net was $2,353,951, down from $3,859,493 as of December 31, 2024[93] - Accounts payable as of June 30, 2025 was $2,609,609, down from $2,787,656 as of December 31, 2024[97] Cash Flow - Cash and cash equivalents increased to $5,242,616 as of June 30, 2025, compared to $4,693,725 at the end of 2024, showing improved cash flow[3] - Net cash provided by operating activities for the first half of 2025 was $1.11 million, a decrease of 74.3% from $4.32 million in the same period of 2024[8] - Infobird's cash flow from investing activities showed a net usage of $0.69 million for the first half of 2025, compared to $3.92 million in the same period of 2024[8] - The Company reported cash at the end of the period of $5.24 million, a decrease from $6.16 million at the end of the same period in 2024[8] Shareholder Equity - Shareholders' equity attributable to Infobird Co., Ltd increased to $66,687,127 from $64,772,183, indicating a strengthening balance sheet[3] - The company has issued 8,188,574 ordinary shares as of June 30, 2025, up from 5,456,974 shares at the end of 2024, reflecting capital raising efforts[6] - The Company issued 3,846,000 ordinary shares on February 28, 2023, generating net proceeds of $4,522,314[129] - On July 24, 2023, the Company sold 88,105,727 ordinary shares, resulting in net proceeds of $30,000,000 for working capital and corporate purposes[132] Customer and Vendor Concentration - For the six months ended June 30, 2025, two customers accounted for 93.8% of the Company's total revenues, compared to one customer accounting for 100.0% in the same period of 2024[117] - As of June 30, 2025, two customers represented 64.9% and 29.4% of the total balance of accounts receivable, indicating increased customer concentration risk compared to December 31, 2024[118] - For the six months ended June 30, 2025, three vendors accounted for 83.6% of the Company's total purchases, a significant increase from the previous year where no vendor exceeded 10%[119] Regulatory and Compliance - The Company is subject to statutory reserves, requiring annual appropriations of 10% of after-tax profit until reaching 50% of registered capital[75] - Infobird PRC entities are required to set aside at least 10% of after-tax profits for statutory reserve funds until they reach 50% of registered capital[147] - The Company anticipates no significant changes in unrecognized tax benefits in the next twelve months from June 30, 2025[112] Acquisitions - Infobird completed the 100% acquisition of Inforbird Technologies on July 14, 2023, which provides cloud-based customer relationship management services[11] - The Company acquired a 65% ownership stake in Pure Tech for an aggregate purchase price of $40,000,000 and an additional 32% stake for $25,737,818[87] - The total consideration for the acquisition of Pure Tech amounted to $65,737,818, including $5,953,095 in a convertible promissory note and $59,784,723 in cash[89] - The total purchase price for the acquisition of Pure Tech was $67,770,946, which includes $62,435,299 in goodwill[91] Financial Reporting and Accounting Policies - The Company recognized revenue under ASC Topic 606, reflecting the transfer of goods and services to customers[53] - The Company adopted ASU No. 2016-13 for estimating expected credit losses, impacting accounts receivable and other receivables[40] - The Company’s deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion will not be realized[68] - The Company’s comprehensive loss includes a foreign currency translation adjustment due to not using the U.S. dollar as its functional currency[70] Other Financial Information - The Company has established contractual arrangements to control its variable interest entities (VIEs), Pinmu Century and Zhenxi Brand, enabling it to consolidate their financial results[27] - The Company has sufficient funds to meet its working capital requirements and debt obligations over the next twelve months[30] - The Company has no dilutive shares for the six months ended 2025 and 2024, resulting in basic and diluted EPS being the same[71] - The effective tax rate for the six months ended June 30, 2025 was (0.2)%, influenced by a preferential tax rate reduction of (13.6)%[110] - As of June 30, 2025, total taxes payable amounted to $425,009, a decrease from $528,950 as of December 31, 2024, representing a reduction of approximately 19.6%[114] - The Company’s VAT payable is recorded when output VAT exceeds input VAT, and VAT recoverable is recorded when input VAT exceeds output VAT[66] - Translation adjustments included in accumulated other comprehensive income (loss) amounted to $88,382 as of June 30, 2025[37] - The average translation rates for the six months ended June 30, 2025, and 2024 were 7.2526 RMB and 7.2150 RMB to $1, respectively[37] - The Company’s short-term investments primarily include bank wealth management financial products with original maturities of one month[43] - Short-term investments as of June 30, 2025 had a carrying value of $697,973, with gains of $541 for the six months ended June 30, 2025[96] - The company had operating lease liabilities totaling $485,293 as of June 30, 2025, with future lease payments amounting to $501,716[150] - The company is restricted in transferring assets to the parent company due to PRC regulations, with restricted amounts totaling $1.5 million as of June 30, 2025[148] - The company does not plan to cancel existing lease agreements prior to their expiration dates, which extend to various dates in 2027[150] - There were no subsequent events requiring recognition or disclosure after June 30, 2025[153]

Revenue and Profitability - Total revenues for the year ended December 31, 2024, were approximately $1.4 million, a 413.5% increase from $280,000 in 2023[492] - Gross profit for 2024 was approximately $0.6 million, representing a 283.0% increase from $0.2 million in 2023[498] - Net loss for 2024 was approximately $2.1 million, down 26.8% from a net loss of approximately $2.9 million in 2023[511] Expenses - Cost of revenues for 2024 was approximately $0.8 million, up 574.7% from $0.1 million in 2023[495] - Selling expenses increased by approximately $0.4 million, or 100.0%, to approximately $0.4 million for 2024 from nil in 2023[500] - General and administrative expenses decreased by $1.4 million, or 43.4%, to $1.9 million for 2024 from $3.3 million in 2023[502] - Other expenses, net for 2024 decreased by approximately $18.0 million, or 98.1%, compared to 2023, primarily due to reduced impairment of due from discontinued operations[504] - Research and development expenses were approximately $0.0 million for the year ended December 31, 2024, indicating a shift in focus towards digital advertising and marketing campaign services[534] Cash Flow and Working Capital - Cash and cash equivalents as of December 31, 2024, amounted to approximately $4.7 million, compared to approximately $0.1 million as of December 31, 2023[513] - Working capital was approximately $6.23 million at December 31, 2024, indicating sufficient funds to meet operational needs over the next twelve months[514] - Net cash used in operating activities from continuing operations was approximately $4.2 million for the year ended December 31, 2024, compared to $5.3 million in 2023 and $3.4 million in 2022[517][518][520] - The net change in cash for the year ended December 31, 2024, was $4.6 million, a significant improvement compared to a decrease of $552,645 in 2023[516] Investment and Financing Activities - Net cash used in investing activities was approximately $1.0 million for the year ended December 31, 2024, significantly lower than $47.4 million in 2023, primarily due to cash deposits in escrow accounts[521][522] - Net cash provided by financing activities from continuing operations was approximately $10.0 million for the year ended December 31, 2024, a decrease from $52.6 million in 2023, mainly due to proceeds from the issuance of common stock and convertible bonds[523][524] - The company intends to fund future capital expenditures, which were $0.8 million in 2024, through existing cash balances, bank loans, and net proceeds from its F-3 offering[526] - The company is exploring additional financing sources, including support from related parties and the issuance of convertible debt[519] Intellectual Property and Future Commitments - As of December 31, 2024, the company had rights to 1 patent, 31 software copyrights, and 1 registered trademark, highlighting its commitment to protecting intellectual property[538] - Future lease payments under operating leases as of December 31, 2024, totaled approximately $527,761, with a weighted average remaining lease term of 2.58 years[528]

Financial Performance - Total revenues for the six months ended June 30, 2024, were $20,000, compared to $0 for the same period in 2023[6] - Gross profit for the six months ended June 30, 2024, was $1,622, with a gross margin of approximately 8.1%[6] - Net loss attributable to Infobird Co., Ltd for the six months ended June 30, 2024, was $811,951, a significant reduction from a net loss of $4,583,616 in the same period of 2023[6] - The company reported a total comprehensive loss of $809,377 for the six months ended June 30, 2024, compared to $4,436,612 for the same period in 2023[6] - Net loss for the six months ended June 30, 2024, was $811,951, a significant improvement compared to a net loss of $4,870,713 for the same period in 2023[10] - For the six months ended June 30, 2024, the Company reported no revenues from discontinued operations, compared to $2,265,425 for the same period in 2023[104] Assets and Equity - Total assets increased to $62,626,885 as of June 30, 2024, compared to $57,655,499 as of December 31, 2023[4] - Total shareholders' equity attributable to Infobird Co., Ltd increased to $62,480,521 as of June 30, 2024, from $57,592,502 as of December 31, 2023[4] - Cash and cash equivalents rose to $6,159,651 as of June 30, 2024, up from $52,659 as of December 31, 2023[4] - Cash at the end of the period increased to $6,159,651 from $558,913 in the previous year, reflecting a net change in cash of $6,106,992[10] - The net balance of the escrow account related to convertible notes and issuance of common shares was $28,501,762 as of June 30, 2024, down from $52,187,762 as of December 31, 2023[53] Operating Expenses - Operating expenses for the six months ended June 30, 2024, were $828,632, a decrease from $854,683 in the same period of 2023[6] - Employee benefits expenses for continuing operations were $19,950 for the six months ended June 30, 2024, compared to nil for the same period in 2023[90] - The total operating expenses for the discontinued operations in the six months ended June 30, 2023, were $4,772,015, leading to a loss from operations of $3,913,377[105] Cash Flow and Financing - Net cash provided by operating activities from continuing operations was $1,320,454, compared to a net cash used of $5,045,416 in the prior year[10] - The company reported net proceeds from the issuance of common stock of $5,697,396, up from $4,522,313 in the same period last year[10] - Cash deposits in escrow accounts increased to $5,114,000 from $2,000,000 in the previous year, indicating a strategic investment approach[10] - The escrow account balance related to financing activities decreased from $52,187,762 as of December 31, 2023, to $28,501,762 as of June 30, 2024, following a payment of $23,800,000 for acquisition targets[108][109] Strategic Changes and Acquisitions - The company completed the acquisition of Inforbird Technologies on July 14, 2023, enhancing its SaaS and BPO service offerings[20] - Infobird Cayman disposed of several subsidiaries, including Infobird HK and Infobird WFOE, on August 11, 2023, as part of a strategic restructuring[13][22] - The company established a new subsidiary, Guangnian Zhiyuan, on July 6, 2023, to expand its customer relationship management services[21] - The Company acquired 65% of the issued and outstanding equity of Pure Tech Global Limited[162] - The acquisition was completed on November 22, 2024[162] - The total purchase price for the equity acquisition was approximately $40.0 million[162] Revenue Recognition and Business Operations - Revenue from continuing operations is primarily generated from business integration solution services, including customized software development[60] - Revenue from customized cloud-based services includes subscription fees, voice/data plans, and technical support, recognized over time based on monthly utilization records[64] - Revenue from sales of standard software licenses is recognized at the point in time when customers gain access to the software[71] - The Company expects to expand its customer base through business integration solution services and convert them into SaaS subscribers[70] - The Company recognized revenue under ASC Topic 606, reflecting the transfer of goods and services to customers based on expected consideration[58] Financial Strategy and Risks - The company has sufficient liquidity to operate at its current level without requiring additional funding over the next twelve months[36] - As of June 30, 2024, one customer accounted for 100.0% of the company's total revenues, indicating a high concentration risk[126] - The company has a net operating loss carryforward of approximately $45,847 as of June 30, 2024, compared to $19,551 as of December 31, 2023[119] - The company did not incur any income tax expenses for the six months ended June 30, 2024, and 2023, due to the absence of assessable profits in Hong Kong and the Cayman Islands[118] Shareholder Information - The company has undergone a share consolidation effective on March 4, 2024, and a capital reduction and reorganization effective on May 2, 2024[4] - Following a 1-for-8 share consolidation in March 2024, the basic and diluted loss per share changed from 0.82 to 6.55[145] - The Company’s authorized share capital was changed to $50,000,000 divided into 5,000,000,000,000 ordinary shares after a capital reduction and share subdivision[146] - The Company issued convertible notes totaling $6.25 million on December 23, 2022, resulting in the issuance of 12.5 million ordinary shares upon conversion[136]

Core Viewpoint - Infobird Co., Ltd is currently delinquent in filing its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC, which was due by May 15, 2024 [1][2] Group 1: Compliance and Notifications - On May 20, 2024, Infobird received a notification from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the late filing of the 2023 Form 20-F [2] - The Nasdaq notification allows Infobird 60 calendar days, until July 19, 2024, to submit a compliance plan [3] - If the compliance plan is accepted, Nasdaq may grant an extension of up to 180 days, allowing compliance to be regained by November 11, 2024 [3] Group 2: Company Actions and Intentions - Infobird intends to submit a plan of compliance to Nasdaq on or before July 19, 2024 [3] - The Nasdaq notification does not have an immediate effect on the listing of Infobird's ordinary shares on the Nasdaq Stock Market [4]

Group 1 - Infobird (NASDAQ:IFBD) stock is experiencing a significant rise, with over 3.8 million shares traded, far exceeding its daily average of approximately 357,000 shares [1] - The recent rally in IFBD stock is attributed to its status as a penny stock, which often attracts speculative trading and potential manipulation [2] - As of Wednesday morning, IFBD stock has increased by 62.5% [2] Group 2 - A reverse stock split occurred on Monday, which was initially scheduled for late February but delayed for regulatory clearances [1]

Group 1 - Infobird (NASDAQ:IFBD) announced a delay to its reverse stock split, which is now set to take effect when markets open on Monday instead of after markets closed yesterday [1] - The reverse stock split will consolidate eight shares into one share, a move that was delayed due to not obtaining regulatory clearances as expected [1] - Following the announcement, IFBD stock experienced significant price volatility, with reported prices ranging from $6.27 to $22.08, leading to increases between 124% and 484% [2] Group 2 - The confusion regarding the true price of IFBD stock is likely to persist until market discrepancies are resolved, prompting traders to monitor the stock closely [2]

Core Viewpoint - Infobird Co., Ltd has announced a delay in the effective date of its reverse stock split, now set for March 4, 2024, due to regulatory clearance issues [1]. Company Overview - Infobird Co., Ltd is a software-as-a-service provider specializing in AI-powered customer engagement solutions [2].

Core Viewpoint - Infobird Co., Ltd has announced the approval of a 1-for-8 share consolidation and a capital reduction and reorganization to comply with Nasdaq listing requirements and maintain its market presence [1][2][5]. Share Consolidation - The share consolidation will take effect on February 27, 2024, with every eight ordinary shares of par value US$0.5 being consolidated into one ordinary share of par value US$4.0 [2][3]. - No fractional shares will be issued; any resulting fractional shares will be rounded up to the next whole number [3]. Capital Reduction and Reorganization - The capital reduction will be effective upon receiving a court order from the Grand Court of the Cayman Islands, changing the authorized share capital from US$25 billion divided into 6.25 billion shares of par value US$4.00 each to US$50 million divided into 5 trillion shares of par value US$0.00001 each [4]. - The capital reduction will be applied uniformly to all issued shares and will not affect shareholders' percentage ownership interests [4]. Approval Process - The board of directors approved the share consolidation and capital reduction on January 10, 2024, and shareholders approved it on February 20, 2024 [5].

Core Viewpoint - Infobird Co., Ltd has announced that it will not engage in any financing activities for the next three months to protect the interests of small and medium shareholders, following discussions with previous investors [1]. Group 1: Company Announcement - Infobird will not carry out any financing activities in the next three months [1]. - The management team has raised operating funds in previous financing activities, which will assist in business expansion [1]. - The decision to suspend previous financing activities was made to better protect the interests of small and medium shareholders [1]. Group 2: Company Overview - Infobird is a software-as-a-service provider based in Hong Kong, specializing in AI-powered customer engagement solutions [2].