CleanCore Solutions, Inc.(ZONE)

Search documents
CleanCore Solutions, Inc. (ZONE) Secures Multi-Million Dollar Contract for Global Logistics Leader
Globenewswire· 2025-06-25 12:30
Initial Rollout Across 1,000+ U.S. Facilities to Deploy CleanCore's Chemical-Free Technology Continued Expansion Expected to Drive Additional Purchase Orders Through 2025 and 2026 Forward Looking Statements Under the agreement, CleanCore's proprietary Power Caddies and Fill Stations will be deployed over a portfolio of more than 1,000 facilities across the United States, supporting daily cleaning operations at every U.S. site operated by the logistics provider. Implementation is expected to begin this month ...
CleanCore Solutions, Inc.(ZONE) - 2025 Q3 - Quarterly Report
2025-05-14 20:16
Acquisition and Financing - CleanCore Global acquired assets from Sanzonate Europe Ltd. for a total purchase price of $2,475,000, which includes $425,000 in cash and a promissory note of $800,000[121][122]. - The acquisition includes Earn-Out Payments based on Net Sales milestones, starting at €2,000,000 for an additional $200,000 payment, with a maximum potential of $1,250,000[126]. - The company raised $1,010,000 through private placement of promissory notes and warrants, with notes bearing 12% interest due by April 16, 2027[131][132]. - The promissory note issued to Gary Hollst was amended to a principal amount of $342,154.57, due on May 31, 2026, with an interest rate of 8.5%[133]. - CleanCore Global's acquisition strategy is supported by a five-year warrant for 425,000 shares at an exercise price of $1.25 per share[122]. - The company anticipates needing to raise additional capital through equity or debt financing to fund planned expenditures over the next 12 months[159]. Financial Performance - Revenue increased by $243,995, or 77.73%, to $557,915 for the three months ended March 31, 2025, compared to $313,920 for the same period in 2024, primarily due to increased sales to a distributor in India[140]. - Cost of sales increased by $73,599, or 42.50%, to $246,783 for the three months ended March 31, 2025, while as a percentage of revenue, it decreased from 55.17% to 44.23%[141]. - Gross profit increased by $170,396, or 121.07%, to $311,132 for the three months ended March 31, 2025, with gross profit margin rising from 44.83% to 55.77%[142]. - General and administrative expenses rose by $447,365, or 85.88%, to $968,264 for the three months ended March 31, 2025, increasing as a percentage of revenue from 165.93% to 173.55%[143]. - Net loss for the three months ended March 31, 2025, was $809,354, compared to a net loss of $520,670 for the same period in 2024, representing an increase in loss of $288,684, or 55.44%[147]. - For the nine months ended March 31, 2025, revenue increased by $282,073, or 31.41%, to $1,180,083, driven by a 171% increase in sales with the largest customer[150]. - General and administrative expenses for the nine months ended March 31, 2025, increased by $1,512,901, or 111.98%, to $2,863,998, with expenses as a percentage of revenue rising from 150.45% to 242.69%[153]. - Net cash used in operating activities was $2,234,206 for the nine months ended March 31, 2025, compared to $485,530 for the same period in 2024[163]. - Cash and cash equivalents as of March 31, 2025, were $796,843, with a net loss for the nine months ended March 31, 2025, of $2,670,469[158]. Accounting and Financial Reporting - CleanCore Global is classified as an "emerging growth company," allowing it to delay compliance with certain accounting standards until they apply to private companies[136][137]. - The company’s financial statements require management to make estimates and assumptions that could materially affect reported financial position and results of operations[170]. - The company evaluates its accounting estimates regularly based on historical industry experience and other reasonable assumptions[170]. - There are no significant accounting policies that involve complex estimation that could materially affect cash flows or financial position[171]. - The company has no off-balance sheet arrangements that are likely to affect its financial condition or results of operations[169]. - As of March 31, 2025, the company has no long-term debt obligations other than obligations under loans and a non-cancellable operating lease commitment expiring in 2028[168]. - The company has a non-cancellable operating lease commitment for its office facility, which is set to expire in 2028[168]. - The company has no other long-term liabilities reflected on its statements of financial position as of the reporting date[168]. - The company has not disclosed any quantitative or qualitative market risk factors that are applicable[172]. Business Strategy and Operations - The company aims to expand its distributor network and improve production processes to enhance product effectiveness in various environments, including restaurants and airports[120]. - The company is focused on creating safe, chemical-free cleaning solutions using patented nanobubble technology[118]. - The company’s financial performance is influenced by customer acquisition and retention, technology innovation, and market conditions[138].
CleanCore Solutions, Inc.(ZONE) - 2025 Q3 - Quarterly Results
2025-05-14 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 14, 2025 CLEANCORE SOLUTIONS, INC. (Exact name of registrant as specified in its charter) | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Class B Common Stock, par value $0.0001 per share | ZONE | NYSE American LLC | | Nevada | 0 ...
CleanCore Solutions, Inc. (ZONE) Completes Acquisition of Sanzonate Europe, Enhancing Leadership Position within the Industry
Newsfilter· 2025-04-17 12:30
Core Insights - CleanCore Solutions, Inc. has successfully acquired Sanzonate Europe Ltd., enhancing its position in the European market and expanding its distribution network for aqueous ozone cleaning technologies [1][2][4] Financial Performance - The acquisition is expected to drive immediate revenue growth and bolster profitability, with access to over $20 million in sales opportunities through Sanzonate's distribution network [2][10] - The transaction was financed through a seller-financed promissory note and an earnout structure, minimizing upfront costs and ensuring financial prudence [5] Strategic Advantages - CleanCore gains access to Sanzonate's expertise and distribution network, solidifying its position as a global leader in sustainable cleaning solutions [4][10] - The acquisition eliminates intermediaries, improving gross margins and EBITDA while securing $400,000 in inventory and $258,000 in accounts receivable [10] Market Expansion - The acquisition strengthens CleanCore's presence in Europe, enabling further growth opportunities in Asia and South America, aligning with global sustainability initiatives [10]
TRAEGER GRILLS REIGNITES THE GRIDDLE CATEGORY FURTHER EXPANDING THE OUTDOOR COOKING EXPERIENCE BY LAUNCHING THE FLATROCK 2 ZONE
Prnewswire· 2025-04-03 21:02
Core Insights - Traeger, Inc. has launched the Flatrock 2 Zone Griddle, expanding its griddle lineup with a compact design that maintains high performance similar to the Flatrock 3 Zone [1][2][3] - The Flatrock 2 Zone features a two-zone cooking system and streamlined ignition process, enhancing the outdoor cooking experience by providing versatility and efficiency [2][3] - The product is priced at $699 and will be available on Traeger.com and select retailers in the U.S. and Canada [4] Company Overview - Traeger Grills, based in Salt Lake City, is a leader in the wood pellet grill market, known for its innovative outdoor cooking systems that allow for various cooking methods [5] - The company has recently entered the griddle category, further solidifying its position in the outdoor cooking space with versatile cooking options [5] Product Features - The Flatrock 2 Zone includes two distinct cooking zones for precise heat control, ensuring even cooking without hot or cold spots [6] - It incorporates wind-blocking technology for consistent heat coverage and U-shaped burners for reliable cooking performance [6] - The design features EZ-CLEAN™ grease management for easy cleanup and a slimmed-down size suitable for smaller spaces [6] - Customizable cookspace options are available with the Pop-And-Lock™ accessory rail and folding side shelves [6]
CleanCore Solutions, Inc. (ZONE) Signs Definitive Agreement to Acquire Sanzonate Europe, the Largest Aqueous Ozone Product Distributor in Europe, Strengthening Financial Performance and Unlocking a Multi-Million Dollar Sales Pipeline
Globenewswire· 2025-02-25 14:00
Acquisition Expected to Generate Immediate Value and Accelerate High-Margin Revenue Growth Acquisition Expected to Strengthen CleanCore’s European Market Position and Overall Global Expansion Acquisition to be Completed Without Requiring a Dilutive Equity Capital Raise, Preserving Shareholder Value Omaha, NE, Feb. 25, 2025 (GLOBE NEWSWIRE) -- CleanCore Solutions, Inc. (NYSE American: ZONE) (“CleanCore” or the “Company”), developer of patented technology that works as a safe and low-cost replacement for tra ...
CleanCore Solutions, Inc.(ZONE) - 2025 Q2 - Quarterly Report
2025-02-14 13:55
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: December 31, 2024 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: 001-42033 CleanCore Solutions, Inc. (Exact name of registrant as specified in its charter) Nevada 88 ...
CleanCore Solutions, Inc.(ZONE) - 2025 Q2 - Quarterly Results
2025-02-14 13:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Securities registered pursuant to Section 12(b) of the Act: Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 14, 2025 CLEANCORE SOLUTIONS, INC. (Exact name of registrant as specified in its charter) | Nevada 001-42033 | | 88-4042082 | | --- | --- | --- | | (State or other jurisdiction | (Commission File Number) | (IRS Employer | | of ...
CleanCore Solutions, Inc. (ZONE) Reports Second Quarter FY 2025 Financial Results and Provides Business Update
Newsfilter· 2025-02-14 13:30
Core Insights - CleanCore Solutions, Inc. reported strong market adoption of its patented cleaning technology, particularly in the education and aviation sectors, indicating a shift towards cost-effective and sustainable cleaning alternatives [3] - The company has transitioned to a direct sales recurring revenue model, which has led to a temporary dip in revenue and increased expenses, but revenue for the six months ended December 31, 2024, grew by 6.5% [3] - CleanCore is gaining traction with major organizations, including an international hotel chain and fitness centers, highlighting its ability to serve diverse industries [3] - The recent EPA ban on two carcinogenic chemicals is expected to drive significant market demand for CleanCore's products, which comply with new regulations [3] Financial Performance - Revenue for the three months ended December 31, 2024, was approximately $257,000, slightly down from approximately $258,000 for the same period in 2023 [4] - General and administrative expenses increased to approximately $911,000 for the three months ended December 31, 2024, compared to approximately $320,000 for the same period in 2023, primarily due to higher professional fees and salaries [4] - The net loss for the three months ended December 31, 2024, was approximately $1.0 million, compared to approximately $345,000 for the same period in 2023 [4] Business Developments - CleanCore has commenced a worldwide rollout with a leading enterprise software company and expanded international partnerships with Fortune 500 clients [7] - The company is undertaking product reengineering initiatives to lower the cost of goods sold, ensuring long-term financial efficiency [7] - CleanCore's mission is to revolutionize cleaning practices through its patented aqueous ozone technology, aiming for a healthier and greener future [6]
CleanCore Solutions, Inc. (ZONE) Reports Second Quarter FY 2025 Financial Results and Provides Business Update
Globenewswire· 2025-02-14 13:30
OMAHA, Neb., Feb. 14, 2025 (GLOBE NEWSWIRE) -- CleanCore Solutions, Inc. (NYSE American: ZONE) (“CleanCore” or the “Company”), developer of patented technology that works as a safe and low-cost replacement for traditional cleaning chemicals, today reported its second quarter 2025 financial results and provided a business update. Business Highlights: Rapid adoption of CleanCore’s technology with building service contractors for its cost savings and sustainability benefits.Commenced a worldwide rollout with ...