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