Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to__________ Commission file number: 001-40867 Empery Digital Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware ...

Empery Digital Reports Operational Highlights and Second Quarter 2025 Financial Results Exhibit 99.1 AUSTIN, TX, August 12, 2025 – Empery Digital Inc. (NASDAQ: EMPD) ("Empery Digital'', the "Company" or "we"), the first all- electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended June 30, 2025. Company Highlights: Effective as of July 17, 2025, the Company adopted a BTC treasury strategy with the goal of becoming a leading, low cost, capi ...

Funding & Strategy - Volcon, an electric car maker listed on Nasdaq, secured a $500 million raise [1] - The funding is intended for a bitcoin treasury strategy [1]

Financial Performance - Volcon's stock price increased by 135% [1] Investment & Strategy - Volcon raised $500 million to initiate a Bitcoin treasury [1]

Luxembourg, 16 July 2025 SHARES REPURCHASE PROGRAMMEAuthorized by the shareholders’ meeting held on 29th June 2021Implemented upon the decision of the Board of Directors dated 8 January 2025, DISCLOSURE OF PURCHASES EFFECTED FROM 7 JULY 2025 TO 11 JULY 2025 Market: Euro MTF, LuxembourgType of shares: ordinary shares ISIN FR0010245803 Trading date Number of shares purchasedPurchase price per share Total amount of purchases PurposeMarket10/07/2025750€ 17.93<td style="width:115.27px;;border-t ...

Core Insights - Volcon ePowersports has launched a new floor plan financing and retail financing program through Dealer Direct Financial to enhance dealer inventory financing and access to electric off-road vehicles [1][2][3] Company Overview - Volcon is the first all-electric powersports company, focusing on sustainable electric vehicles for the outdoor community, emphasizing environmental benefits and near-silent operation [4][5] - The company’s product lineup includes motorcycles and UTVs, with notable products like the Grunt, Grunt EVO, and the Brat, which cater to both on-road and off-road markets [5] Financing Program Details - The new floor plan program aims to provide flexible financial solutions to support inventory acquisition and drive sales of Volcon's products, thereby expanding market presence [2][3] - The program is designed to empower dealers to grow their businesses and meet increasing customer demand for electric off-road vehicles [3][4] Strategic Goals - The initiative reflects Volcon's commitment to strengthening dealer relationships and accelerating the adoption of all-electric off-road vehicles [3] - The program is a significant step in Volcon's strategy to scale operations and support its growing dealer network [3]

Core Insights - Volcon ePowersports has received its first purchase order from Advanced EV for 1,000 golf carts, marking a significant step in their collaboration [1][2] - The order will be used for market testing of a new golf cart model developed with Super Sonic, indicating a strategic partnership aimed at expanding product offerings [2][3] - This order is part of a broader growth strategy, as Volcon has recently completed another multi-million dollar deal, suggesting a positive growth trajectory for the company [3] Company Overview - Volcon is based in Austin, Texas, and is recognized as the first all-electric powersports company, focusing on sustainable electric vehicles for outdoor activities [4] - The company’s product lineup includes motorcycles, UTVs, and eBikes, with notable products like the Grunt and the recently launched Grunt EVO and Brat [5] - Volcon aims to provide high-quality, innovative products that enhance outdoor experiences while minimizing environmental impact [4][5] Recent Developments - The company has resumed its share repurchase program, indicating confidence in its financial position and future prospects [3] - Volcon's vehicle roadmap includes the introduction of new models that offer thrilling performance without the noise and pollution associated with gas-powered units [5]

Core Points - Velcan Holdings will hold its Ordinary Annual General Meeting on June 25, 2025, at 11 a.m. in Luxembourg to vote on the approval of the 2024 financial statements [2][4][5] - The annual management report and audit report will be available online starting April 29, 2025, with additional documents accessible from May 23, 2025 [2][3] Company Overview - Velcan Holdings is an investment holding company established in 2005, managing a global portfolio of investments [4] - The company is listed on the unregulated Euro MTF Stock Market in Luxembourg under the ticker VLCN [5]

Financial Performance - Revenue for Q1 2025 was $736,049, a decrease of 29% from $1,033,548 in Q1 2024[133] - Cost of goods sold for Q1 2025 was $781,383, down from $1,621,580 in Q1 2024, resulting in a gross margin loss of $45,334[132][134] - Operating expenses totaled $2,461,137 in Q1 2025, a reduction from $3,656,303 in Q1 2024, primarily due to lower sales and marketing and product development costs[132] - Net loss for Q1 2025 was $2,460,430, significantly improved from a net loss of $26,048,044 in Q1 2024[132] - Cash provided by financing activities in Q1 2025 was $19.1 million, mainly from the sale of common stock and prefunded warrant units[155] - As of March 31, 2025, the company had cash and cash equivalents of $17.7 million, with working capital of $16.4 million[151] - Net loss for Q1 2025 was $2,460,430, a significant reduction from the net loss of $26,048,044 in Q1 2024[150] - The company has incurred an accumulated deficit of $168.8 million since inception, raising concerns about its ability to continue as a going concern[156] Sales and Distribution - The company sold Grunt EVOs generating $304,905 in revenue, while Brats contributed $99,458 in Q1 2025[133] - The company has entered a distribution agreement with Super Sonic Company Ltd. to supply golf carts in the U.S.[115] - The company signed a five-year agreement to distribute the VLCN HF1 utility UTV model in North America, with royalties starting in the third year[122] - As of May 5, 2025, the company has 129 active powersports dealers, 20 active bicycle dealers, and 14 golf cart dealers[127] - The company has agreements with six importers in Latin America and plans to expand global sales of its vehicles and accessories in 2025[129] Product Development - The company is developing a new electric motorcycle model, with prototypes received in February 2025 and expected sales in the second half of 2025[117] - The company anticipates an increase in sales expenses in 2025 due to the expansion of international distributors and new product launches[140] - The company expects product costs to rise in 2025 due to increased sales and tariffs, with potential savings if parts can be sourced at lower costs[136] Historical Financial Data - Cost of goods sold for Q1 2024 was $1,621,580, with product costs including $343,981 for Grunt EVOs and $582,550 for Brats[135] - Sales and marketing expenses for Q1 2024 were $760,564, including $453,191 in employee payroll costs and $215,429 for product promotion[139] - General and administrative expenses for Q1 2024 totaled $2,080,794, primarily driven by employee payroll costs of $579,363 and insurance costs of $662,927[146] - Product development expenses for Q1 2024 were $814,945, including $436,902 in employee payroll costs and $91,925 for prototype costs[142]

Core Viewpoint - Volcon Inc. reported operational highlights and financial results for Q1 2025, emphasizing the sale of Grunt EVO motorcycles and the development of a new dual-sport motorcycle, while navigating challenges posed by tariffs on imported goods [1][2][4][5]. Company Highlights - In Q1 2025, Volcon sold all remaining Grunt EVO motorcycles and is developing a dual-sport motorcycle aimed for release in the second half of 2025, contingent on testing and regulatory compliance [2][6]. - The company signed and amended a supply agreement with Venom-EV LLC for golf carts, adjusting payment terms [3][6]. - Volcon is assessing the impact of U.S. tariffs on imported goods from China and Vietnam, which could significantly raise costs for vehicles and parts [4][5]. Financial Highlights - Revenue for Q1 2025 was $0.736 million, a decrease from $0.987 million in Q4 2024 and $1.076 million in Q3 2024, with Grunt EVO contributing $0.3 million [5][7]. - The cost of goods sold for Q1 2025 was $0.781 million, leading to a gross margin loss of $0.045 million [5][11]. - Total operating expenses for Q1 2025 were $2.461 million, down from $2.954 million in Q4 2024, with reductions across all categories [5][11]. - The net loss for Q1 2025 was $2.460 million, compared to a net loss of $5.217 million in Q4 2024 [5][14]. Adjusted EBITDA - Adjusted EBITDA for Q1 2025 was a loss of $2.401 million, an improvement from a loss of $4.982 million in Q4 2024 [5][14].